MISO’s Resource Adequacy Proposal Adds New Benefits for its Members and Their Customers

CARMEL, Ind., July 21, 2011 /PRNewswire/ — MISO filed yesterday with the
Federal Energy Regulatory Commission (FERC) its enhanced resource adequacy
construct that will provide even more benefits to its members and the customers
they serve.

Through ongoing collaboration and dialogue with all stakeholder groups, MISO
developed a modified construct which is designed to address the unique need of
utilities operating in retail choice states, while also respecting and building
on the success regulators in traditionally regulated states have built with
resource adequacy planning programs under their jurisdiction.

“Improving our resource adequacy construct remains critical in order to continue
delivering value to our members and their customers and stakeholders amongst
significant industry challenges,” said John Bear, President and CEO of MISO. “I
want to applaud the hard work and commitment of both our stakeholders and our
staff who developed this filing.”

One of the key recommendations in MISO’s proposal is implementing market
mechanisms to address zonal deliverability and improved reliability, along with
a permanent approach to demand response and behind-the-meter generation
participation. Another enhancement extends the term from a monthly to an annual
term in order to increase efficiencies and better align with current planning
processes. With that, the first annual capacity auction would be in April 2013
for the June 2013 to May 2014 planning year.

“Our resource adequacy enhancement proposal maintains the existing benefits
while also adding new benefits for our members and their customers and the MISO
footprint,” said Richard Doying, Vice President of Operations. “We are confident
that this filing will satisfy our compliance obligation with FERC while also
reflecting the unique characteristics of our companies and markets.”

Benefits of the proposed construct include improved reliability, complimenting
state planning processes, increased market efficiency and transparency, as well
as incorporating energy efficiency. In addition, MISO continues its work to
increase capacity portability and market efficiency across market seams.

MISO has asked FERC for an extended comment period to enable parties to file
comments with FERC before September 15, 2011. To ensure that the enhancements
outlined in the filing can be implemented, MISO has requested a FERC order no
later than February 29, 2012.

AboutMISO
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 $25 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 in the
organization is voluntary.

SOURCE MISO