Planning Resource Auction (PRA)
MISO's forward capacity auction proposal was approved by the Board of Directors' Markets Committee, setting up a FERC filing expected in three weeks.
MISO’s forward capacity auction proposal for merchant supply is close to being filed with FERC, and the RTO is using the final weeks to make presentations to support its stance.
MISO defended its calculation of sub-regional transfer limits for the 2016/17 Planning Resource Auction to stakeholders last week, recommending that it continue to use the same numbers for future auctions.
MISO and IPPs asked FERC to dismiss a complaint by transmission customers seeking to overturn the results of the 2016/17 capacity auction.
MISO officials said last week they are still finalizing their forward auction proposal for competitive areas, but the changes won’t be significant and won’t affect a late fall FERC filing.
At last week's MISO Resource Adequacy Committee meeting, the RTO said that they're reviewing the transfer limit between their South and North regions.
MISO has decided to stick with its original forward design in its capacity auction overhaul, rejecting the IMM’s prompt auction proposal.
MISO and its IMM reached a compromise on a capacity auction design, but the RTO is also keeping its original proposal on the table.
The MISO Independent Market Monitor, David Patton, added eight new recommendations in his 2015 State of the Market Report.
MISO will not yield on a planned July filing for capacity auction design changes, while a filing to add seasonal and locational constructs will be delayed.
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