FERC Approves MISO Resource Adequacy Enhancements
By Gail Reitenbach www.powermag.com
The Federal Energy Regulatory Commission (FERC) on Monday conditionally approved the enhanced resource adequacy proposal submitted by the Midwest Independent Transmission System Operator (MISO), which it says will provide even greater market and reliability benefits to MISO’s members and the customers they serve. The enhanced mechanisms become effective October 1, 2012, for the Planning Year that begins on June 1, 2013.
MISO and its stakeholders developed modifications to MISO’s resource adequacy mechanisms during a year-long process. MISO President and CEO John R. Bear said, “Through the efforts of our stakeholders and our staff, we are working toward ensuring greater reliability. These enhancements also have the…