Company Overview of Midcontinent Independent System Operator, Inc.
Midcontinent Independent System Operator, Inc. provides transmission services to its members in North America. The company’s members primarily include owners of electric transmission facilities, as well as other participants in the electric energy market. Its members have approximately 49,670 miles of transmission lines and 132,274 megawatts of electric generation capacity. The company was formerly known as Midwest Independent Transmission System Operator, Inc. and changed its name to Midcontinent Independent System Operator, Inc. in April 2013. Midcontinent Independent System Operator, Inc. was founded in 1998 and is headquartered in Carmel, Indiana. Midcontinent Independent System Operator...
720 City Center Drive
Carmel, IN 46032
Founded in 1998
Key Executives for Midcontinent Independent System Operator, Inc.
Chief Financial Officer and Vice President
Chief of Staff and Vice President
President Emeritus and Director
Compensation as of Fiscal Year 2013.
Midcontinent Independent System Operator, Inc. Key Developments
A Joint Complaint Filed with the Federal Energy Regulatory Commission against Midcontinent Independent System Operator, Inc., International Transmission Company, Michigan Electric Transmission Company, LLC and ITC Midwest LLC
Nov 13 13
On November 12, 2013, certain parties filed a joint complaint with the Federal Energy Regulatory Commission ("FERC") under Section 206 of the Federal Power Act against the Midcontinent Independent System Operator, Inc. and various MISO transmission owners, including ITC Holdings Corp.s operating subsidiaries, International Transmission Company, Michigan Electric Transmission Company, LLC, and ITC Midwest LLC. The joint complainants are seeking a FERC order reducing the 12.38% base return on equity used in the MISO transmission owners rates, including MISO Operating Subsidiaries formula transmission rates, to 9.15%; instituting a capital structure in which the assumed equity component does not exceed 50%; and eliminating the return on equity adders currently approved for being a member of a regional transmission organization (for ITCTransmission) and for being an independent transmission owner (for ITCTransmission and METC). In the event a refund is required upon resolution of the complaint, the joint complainants are seeking a refund effective date as of the filing date of the complaint.
Federal Energy Regulatory Commission Issues Order to MidContinent Independent System Operator, Inc on Proposed Revisions to Withholding Thresholds and Reference Levels
May 16 13
On March 20, 2013, Michael L. Kessler, submitted, on behalf of the MidContinent Independent System Operator, Inc, proposed revisions to section 64.1.2 (Thresholds for Identifying Economic Withholding) and section 64.1.4 (Reference Levels) of MISO's Open Access Transmission, Energy and Operating Reserve Markets Tariff (tariff). The proposed revisions subject Zonal Resource Credit Offers to an economic withholding threshold based on the applicable Reference Level plus 10% of the Cost of New Entry value for the Local Resource Zone. Waiver of the 60-day prior notice requirement is granted pursuant to section 35.11 of the Commission's regulations. The tariff records are accepted effective March 26, 2013, as requested. The filing was noticed on March 21, 2013, with interventions and protests due on or before April 10, 2013. No adverse comments were filed. Notices of intervention and unopposed timely filed motions to intervene are granted pursuant to the operation of Rule 214 of the Commission's Rules of Practice and Procedure (18 C.F.R. section 385.214). Any opposed or untimely filed motion to intervene is governed by the provisions of Rule 214. This action does not constitute approval of any service, rate, charge, classification, or any rule, regulation, contract, or practice affecting such rate or service provided for in the filed documents; nor shall such action be deemed as recognition of any claimed contractual right or obligation affecting or relating to such service or rate; and such action is without prejudice to any findings or orders which have been or may hereafter be made by the Commission in any proceeding now pending or hereafter instituted by or against any of the applicant(s). This action is taken pursuant to authority delegated to the Director, Division of Electric Power Regulation-Central, under 18 C.F.R. section 375.307. This order constitutes final agency action. Requests for rehearing by the Federal Energy Regulatory Commission may be filed within 30 days of the date of issuance of this order, pursuant to 18 C.F.R. section 385.713.
Federal Energy Regulatory Commission Issues Order to Midwest Independent Transmission System Operator, Inc
May 14 13
The U.S. Department of Energy's Federal Energy Regulatory Commission issued the delegated order on March 14, 2013, Midwest Independent Transmission System Operator Inc. (MISO) proposed revisions to provisions of MISO's Open Access Transmission, Energy and Operating Reserve Markets Tariff (FERC Electric Tariff), to provide that when a bid for a Financial Transmission Right (FTR) specifies a source and a sink within the same Bus, the FTR Bid will not be accepted, and in the event that such a FTR Bid is inadvertently cleared, it will not be granted. Pursuant to authority delegated to the Director, Division of Electric Power Regulation-Central, under 18 C.F.R. section 375.307, the submittal in the referenced docket is accepted for filing with an effective date of March 15, 2013, as requested.
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