The MISO Board of Directors is considering a 2016 executive incentive plan that would slash potential bonuses by more than 30%.

The MISO Board of Directors unanimously passed a $239.1 million operating budget and a $29.9 million capital spending plan for 2017.

The MISO Board of Directors Markets Committee discussed the status of the RTO's forward capacity auction and queue reform proposals.

The 2016 MISO Transmission Expansion Plan, with 383 projects totaling $2.7 billion, unanimously passed the Board of Directors’ review Dec. 7.

MISO Independent Market Monitor (IMM) David Patton presented a draft of his quarterly report; expressing concerns over high outage rates in MISO South.

MISO said it generally agrees with the recommendations its Independent Marker Monitor, but won’t implement a few and wants additional analysis on others.

MISO predicts it will have double its required winter reserve margin, due in part to increased north-south transfer capacity and improved emergency pricing.

MISO membership voting results confirmed three new Board of Directors members, while the RTO posted a first draft of its short-term incentive plan.

Members of the MISO Board of Directors last week expressed support for increasing their pay and relaxing their independence requirements, saying the changes were needed to ensure the RTO can attract strong candidates.

MISO's forward capacity auction proposal was approved by the Board of Directors' Markets Committee, setting up a FERC filing expected in three weeks.