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By Amanda Durish Cook MISO has filed with FERC its proposal to implement a separate three-year forward capacity market with a downward-sloping demand curve for its retail-choice areas. The nearly 1,700-page filing, submitted Nov. 1, creates Tariff Module E-3 and makes corresponding changes to modules A, D and E-1 (ER17-284).

By Tom Kleckner American Electric Power CEO Nick Akins hardly sounded like someone whose company had just taken a $2.3 billion impairment Tuesday, telling investors and analysts he is “very happy with the strategic process” and that “conditions are in place that are conducive to us achieving our objectives.” Akins’...

By Rory D. Sweeney FERC last week conditionally approved revisions to the MISO-PJM Joint Operating Agreement on cost allocation for cross-seam transmission projects, while denying rehearing requests from PJM and the RTOs’ transmission owners (ER13-1944, et al.). In rejecting the rehearing requests, the commission said the grid operators and TOs...

MISO is requesting a 4% increase in operating expenses for 2017 while moving away from a one-year forecast in favor of a five-year business plan. The requested increase will bring the 2017 operating budget to $289.6 million, said Mitch Myhre, chair of the MISO Finance Subcommittee, who presented the budget...

By Tom Kleckner Xcel Energy reported an increase in earnings for the third quarter as the company said its “steel-for-fuel” strategy of replacing fossil fuel plants with wind turbines will provide a solid blueprint for future growth. The company reported third-quarter earnings of $458 million ($0.90/share), up 7.5% from the...

By Amanda Durish Cook CARMEL, Ind. — MISO presented a different perspective at its Oct. 25 Informational Forum, inviting cultural anthropologist Gretchen Bakke to talk about shifting attitudes toward electrical infrastructure. Bakke | McGill University Bakke, assistant professor of anthropology at McGill University in Montreal and author of “The Grid:...

By Amanda Durish Cook MISO said it generally agrees with the recommendations its Independent Marker Monitor laid out in its 2015 State of the Market report, but the RTO won’t implement a few recommendations and wants additional analysis on some others. On a conference call of the Market Committee of...

By Amanda Durish Cook MISO predicts a 28.4 to 37.5% reserve margin for the winter, about double its minimum of 15.2%. Regardless of the ample supply, the RTO will continue providing monthly tests and workshops for stakeholders to prepare for “all winter can dish out this year,” MISO Executive Director...

By Amanda Durish Cook MISO membership voting results confirmed three new Board of Directors members. The new directors, announced at the RTO's Oct. 25 Informational Forum, are former ERCOT CEO H.B. “Trip” Doggett, former Calvert Investments CEO Barbara Krumsiek and Todd Raba, who is leaving Twenty First Century Utilities and has...

By Amanda Durish Cook Electric cooperatives accused FERC on Friday of overstepping its authority by opening proceedings that could force refund obligations on nonpublic utilities, while MISO and SPP asked the commission to let them work out the issue in stakeholder proceedings. At issue are FERC’s July orders opening Section...