September 26, 2016 4:54 PM ET

Electric Utilities

Company Overview of Midcontinent Independent System Operator, Inc.

Company Overview

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 65,800 miles of transmission lines and 180,711 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.

720 City Center Drive

Carmel, IN 46032

United States

Founded in 1998

Phone:

317-249-5400

Fax:

317-249-5910

Key Executives for Midcontinent Independent System Operator, Inc.

Chief Executive Officer, President and Director
Executive Vice President of Operations & Corporate Services
Chief Information Officer and Senior Vice President
Chief Compliance Officer and Vice President
Vice President and General Counsel
Age: 36
Compensation as of Fiscal Year 2016.

Midcontinent Independent System Operator, Inc. Key Developments

Dynegy Executes Agreements with the PJM System Operatorand Midwest Independent System Operator to Move the Majority of Dynegy's Hennepin Power Station's Energy and Capacity to the PJM Market from MISO

Dynegy has executed agreements with the PJM System Operator(PJM) and the Midwest Independent System Operator (MISO) to move the majority of Dynegy's Hennepin Power Station's energy and capacity to the PJM market from MISO. the Company noted that the five-year transmission service agreements - which require no upfront investment, only modest annual fees associated with transporting power into PJM - may be extended indefinitely at Dynegy's request and are a result of three years of effort to procure transmission service out of MISO. Per the agreement, 260 megawatts (MW) of Hennepin's 290 MW capacity will be available for sale into PJM effective June 1, 2017. Dynegy reported that the pathway to PJM is consistent with its overall objective of moving all of the Company's Illinois generating assets from MISO to PJM.

FERC Accepts Order No. 1000 Interregional Filings by Southwest Power Pool Inc. and Midcontinent Independent System Operator Inc

The Federal Energy Regulatory Commission accepted Order No. 1000 interregional filings by Southwest Power Pool Inc. and Midcontinent Independent System Operator Inc. The two regions agreed on many revisions to their joint operating agreement (JOA) related to transmission coordination but disagreed on certain cost allocation methods that must be addressed in further compliance filings. Order No. 1000 requires neighboring transmission planning regions to identify and jointly evaluate interregional transmission facilities, which are facilities located in two or more neighboring transmission planning regions that may be more efficient or cost-effective solutions to the transmission needs of individual regions. It does not require an interregional transmission plan or interconnection-wide planning. Given their disagreement on interregional cost allocation, SPP and MISO filed competing proposals. Present order accepts both filings' proposed use of adjusted production costs to measure benefits in allocating the costs of interregional transmission facilities addressing economic needs. To allocate the costs of an interregional transmission facility meant to address reliability needs, the order accepts SPP's proposal to use a combination of avoided cost and adjusted production cost savings. MISO proposed to use only adjusted production cost and so was given 60 days to file revisions to its version of the JOA to adopt SPP's costs allocation method. Neither proposed an acceptable cost allocation method for interregional transmission facilities addressing regional transmission needs driven by public policy requirements. The order gives the grid operators 60 days to file a new cost allocation method for such projects. Present order notes, however, that to the extent SPP and MISO propose different interregional cost allocation methods for interregional transmission facilities addressing regional transmission needs driven by reliability, economics, and public policy requirements than accepted in the order, the Commission will address those proposed interregional cost allocation methods in the order on compliance.

Similar Private Companies By Industry

Company Name Region
3 Phases Renewables, LLC United States
Abacus Resources Energy, LLC United States
Access Energy, LLC United States
Adams Electric Cooperative, Inc. United States
Adams-Columbia Electric Cooperative United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Midcontinent Independent System Operator, Inc., please visit www.midwestiso.org. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.