It’s hard to believe the end of the year is almost here. Before we start panicking about what we need to do next year (New Year’s resolutions anyone?), let’s take a moment to look back on what we accomplished this year.
2016 Transmission Planning Activities
What a way to end the year! For the first time in its history, MISO will select a developer for the region’s first competitively bid transmission project. The Duff-Coleman project, a 365kV transmission line, will run through southern Indiana and northwestern Kentucky. On or before December 30, MISO will announce the company selected to develop the project.
Also, MISO’s Board of Directors approved 383 new transmission projects that make up the MTEP 16 portfolio. The projects total $2.7 billion in infrastructure investments. .
Stakeholder Process Redesign
From operations to compliance and everything in-between, MISO continually strives to be more efficient and effective. The same goes for its stakeholder process. Over the past 12 months, MISO staff and stakeholders put in a lot of time and hard work to redesign the stakeholder process. The new process improved 5 key areas: Structure, Issue Prioritization, Issue Assignment, Working through Issues and Enforcement. MISO is encouraged with the progress already made and we look forward to future improvement opportunities in 2017.
Market Enhancements, Storage and New Technologies
MISO is a leader in market design enhancements that improve reliability and benefit customers. We rely on the stakeholder process to foster the development of these enhancements. This is why we are engaged in numerous discussions to determine the most efficient and effective way to integrate new technology, like storage, into the grid. Additionally, this summer, MISO partnered with ARPA-E to host our first ever Market Symposium in downtown Indianapolis. A sold-out audience heard from speakers and showcase participants on how wholesale markets can increase value for the transforming power industry. We are committed to continued collaboration with our stakeholders as we explore technologies like storage and other products that will help MISO’s markets deliver reliable and economically efficient outcomes.
Competitive Retail Solution
As always, MISO’s ultimate responsibility is system reliability. That was the main driver for the development of the Competitive Retail Solution proposal. The proposed solution fills an oversight void and ensures adequate resources are in place in the competitive retail areas of the MISO footprint. MISO filed its proposal on November 1. Pending FERC approval, implementation is set to begin in the 2018/19 planning year.
We have three new board members! H.B. “Trip” Doggett, Barbara J. Krumsiek and Todd M. Raba will begin their 3-year terms on January 1. We are incredibly thankful for Judy Walsh, Michael Evans and Paul Feldman who will be leaving the Board. They were key in guiding MISO towards significant accomplishments such as launch of the Ancillary Services market, approval of the Multi-Value Projects in MTEP11, the integration of the South Region and approval of the first project eligible for competitive bidding.
15 Year Anniversary as the Nation’s First Regional Transmission Organization
December marks our birthday and this year is a special one. What better way to celebrate MISO’s 15-year anniversary than by continuing the tradition of forward and innovative thinking that started on December 20, 2001. MISO has made many incredible strides in the industry as we have grown from a small start up to a large dynamic company.
As we wrap up 2016 and head into the New Year we are proud of the many accomplishments we have achieved with our stakeholders. But more importantly, we are excited to continue to provide reliable least cost energy, serve our membership and be a thought leader in the industry. In 2017 we will continue to strive to fulfill MISO’s vision – To be the most reliable, value-creating RTO. It’s our perpetual New Year’s Resolution!.