MISO's board of directors approved seven new transmission-owning members, as well as a new transmission planning portfolio. These initiatives strengthen the value realized by all MISO stakeholders and allow for the continued delivery of least-cost energy to consumers.
The board approved seven transmission-owning applications. The addition of six Entergy utility operating companies along with South Mississippi Electric Power Association ensures MISO's delivery of value driven by scope and scale.
Full integration of Entergy and SME is planned for December 2013. In other action, the board also approved the following:
MTEP12: The board unanimously approved the MISO Transmission Expansion Plan, or MTEP12, which is comprised of 242 stakeholder-driven projects that will maintain system reliability, improve market efficiency and allow the reliable integration of new generation resources.
2013 budget: The board approved a $186.2 million base operating budget, which reflects MISO's continued commitment to minimizing costs while managing growth and adding value for its members. For 2013, MISO projects a 5 percent reduction in rates.
Bylaws modification: The board also approved a change in bylaws to reflect MISO's recognition of the important role the organization of MISO states has in MISO's open and transparent stakeholder process. In particular, the OMS provides valuable input in MISO's regional planning process and protocols.