SPP, MISO and Joint Parties Reach Transmission Usage Agreement
CARMEL, Ind. and LITTLE ROCK, Ark., Oct. 13, 2015 /PRNewswire/ — A settlement agreement has been filed at the Federal Energy Regulatory Commission (FERC) around capacity usage and associated compensation to be paid for use of as-available, non-firm transmission capacity on neighboring transmission systems among MISO, Southwest Power Pool, Inc. (SPP), and the Joint Parties, which includes Southern Company, Tennessee Valley Authority (TVA), Associated Electric Cooperative (AECI), Louisville Gas and Electric (LG&E), Kentucky Utilities Company (KU) and PowerSouth Energy Cooperative.
This settlement was reached through collaboration and compromise on behalf of all parties. Resolving these issues provides greater certainty for market participants across the regions. If approved by FERC, the agreement provides the governance for continued shared use of the transmission system where it enables more economical delivery of energy, while also providing compensation for that use.
“As the SPP region grows and we continue to modernize the electric grid, cooperation with our neighboring regions has never been more important,” said Nick Brown, president and CEO of SPP. “I am pleased we were able to reach this agreement with MISO to ensure that our member companies and their customers are compensated for the use of the SPP transmission system. We also appreciate the work and support of the Joint Parties in helping us resolve this challenging and complex issue.”
“We are pleased to have reached a resolution that provides electricity savings to consumers across the MISO region and brings clarity to our members and all stakeholders,” said John R. Bear, president and CEO of MISO. “With the issue of capacity sharing behind us, we can now collectively return our full attention to the significant challenges facing the industry. Additionally, I would like to thank our stakeholders for their hard work in helping us reach a settlement.”