MISO to Re-File Entergy Cost Allocation Proposal According to FERC Guidance

Sep 27, 2011, 13:07 ET from MISO

CARMEL, Ind., Sept. 27, 2011 /PRNewswire/ -- In June 2011, MISO asked the Federal Energy Regulatory Commission (FERC) to waive, during a transition period, tariff provisions related to the cost allocation of network upgrades associated with Multi-Value Projects in order to establish a smooth and fair transition for integrating Entergy operating companies into MISO.

Today, FERC advised MISO that submission of modified tariff sheets is the appropriate vehicle for seeking this change.  FERC did not speak to the merits of the waiver request, in fact, noting that "(w)e make no findings here as to the nature or the duration of any transition arrangements that may be appropriate to integrate Entergy into MISO."  

Based on this FERC guidance, MISO will work with its stakeholders to quickly craft the appropriate changes to its tariff that will accomplish the same objectives sought in the waiver.  

Aldie Warnock, MISO's government and regulatory affairs vice president, issued the following statement:

"Our objective is simple.  As Entergy transitions into the MISO market, we want to make sure that both existing customers and new ones only pay for projects that benefit them.  That's what we sought to do with this waiver, and we will continue to pursue that objective under the direction the FERC has provided.

"Our focus is on improving reliability and delivering power at the lowest possible cost.  We consistently do that today for our members and we look forward to doing that for Entergy and its customers as well."

About MISO
MISO ensures reliable operation of, and equal access to high-voltage power lines in 12 U.S. states and the Canadian province of Manitoba. MISO manages one of the world's largest energy markets, clearing more than $27 billion in energy transactions in 2010. MISO was approved as the nation's first regional transmission organization in 2001. The non-profit 501(C)(4) organization is governed by an independent Board of Directors and is headquartered in Carmel, IN, with operations centers in Carmel and St. Paul, MN. Membership in the organization is voluntary.