The end of the year is a time for reflection – time to take stock of where we’ve been, and more importantly, where we are going. Next year marks the 15-year anniversary of FERC approving MISO as the nation’s first regional transmission operator. This approval began a journey of providing open access to the transmission system as well as the launch of Energy and ancillary Services Markets. Together with our stakeholders, we have evolved our service offerings to meet the challenges we face in a way that ensures efficiency and reliability.
These steps are important to think about as we prepare ourselves for the next 15 years. It is clear that the Clean Power Plan will play a significant role in defining what the future looks like for our region. Next year will involve a great deal of work and collaboration as we evaluate its impact and plan a path forward. I look forward to the Hot Topic discussion at the Advisory Committee to learn more about different sectors’ views.
Addressing these issues will require a great deal of time and focus from the stakeholder community. Because of that, I would like to thank the stakeholders for their work on the stakeholder process redesign. While the final proposal is pending approval by the Advisory Committee this week, I applaud the work of all sectors in developing a proposal that makes the process more efficient and effective. The challenges we face are large and complex, and a streamlined process will benefit us as we move forward.
This week, we will take another step toward continued investment in a reliable system by voting on MTEP15. This year’s portfolio comprises $2.7 billion in new transmission investment. Transmission planning is a vital service that MISO provides the region. This process will continue to be an important avenue to address system changes as the region adapts to the CPP.
Finally, I would like to thank stakeholders for all of their work and contributions this year. Each year presents new challenges for our region to address and we always find a way to work together and develop solutions in the best interests of the region. I look forward to that continued collaboration in 2016.
Enjoy the rest of the year, and happy holidays to you and your families.
John R. Bear
President and CEO