MISO Wins National Award for Compliance Program

CARMEL, Ind., May 26, 2011 /PRNewswire/ — The Open Compliance and Ethics Group

(OCEG) named MISO a recipient of the 2011 Governance, Risk Management and
Compliance (GRC) Achievement Award for MISO’s comprehensive compliance framework
and technology solution, each known as the Compliance Model and Compliance
Platform.

The 2011 GRC Achievement Awards were presented at this week’s Compliance Week’s
5th Annual Conference in Washington, D.C. MISO was one of five winners,
including Adecco, Constellation Energy, Humana, and Visa. A committee of OCEG’s
Fellows reviewed and selected winners for the GRC Achievement Award.

“We’re honored to receive this prestigious award,” said MISO President and CEO
John R. Bear. “The GRC Achievement Award provides further evidence of MISO’s
commitment to its members and customers by establishing a common and systematic
approach to support and demonstrate compliance with policies, procedures and
most importantly our business processes.”

MISO formed an officer-level task force in late 2008 to address compliance
initiatives. In order to implement its Compliance Model and Compliance Platform,
MISO undertook a four-phase approach known as the Compliance Model
Implementation (CMI), which involved identifying requirements, validating and
assigning requirements, documenting compliance processes, controls and records,
and implementing processes within the Compliance Platform. MISO’s transformation
from document-driven to process-driven compliance reduced the risk of
non-compliance through standard and consistent business practices.

The GRC Achievement Award recognizes organizations demonstrating achievement in
one or several of the following areas:

– Structure: Establishing a strong GRC organizational structure to ensure
adequate oversight and coordination of efforts;
– Information: Improving management, use and transparency of GRC relevant
information;
– Effectiveness: Gaining greater confidence in the effectiveness of
compliance controls;
– Processes: Coordinating risk assessment processes to develop a clearer
enterprise view of risk;
– Performance: Streamlining aspects of GRC capability to reduce cost and
improve performance

MISO’s winning presentation may be found at:

http://www.oceg.org/about/2011-grc-achievement-awards

AboutMISO
MISO ensures reliable operation of and equal access to high-voltage power lines
in 13 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,
Ind., with operations centers in Carmel and St. Paul, Minn. Membership is
voluntary.

SOURCE MISO