"MISO's large territory, its preferred transmission cost allocation methodology and its proven experience in operating day-ahead and real-time regional energy markets are keys to delivering the greatest benefits to our customers," McDonald said. "As we prepare our power generation and delivery systems to meet the demands of a new century and maximize its value for our customers, it is essential that we take advantage of the proven benefits of an established, sophisticated Day 2 Market, which MISO offers."
The savings projected with MISO are largely attributable to its organized power markets, which allow for a more efficient commitment and dispatch of all the generating plants within MISO, regardless of who owns or controls them. Other core advantages include the economies of scale offered by an RTO of MISO's size, and its transmission cost allocation methodology that more equitably allocates the costs of transmission projects to those receiving the benefits from those projects. MISO currently operates across 11 states and one Canadian province. With the addition of the Entergy Operating Companies to its membership, MISO will stretch from Canada to the Gulf of Mexico.
Each of Entergy's utility operating company subsidiaries which do business in Arkansas, Louisiana, Mississippi, and Texas, has filed similar transfer of control requests with its respective regulator to join MISO.
Entergy Arkansas provides electricity to 700,000 customers in 63 counties. Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including more than 10,000 megawatts of nuclear power, making it one of the nation's leading nuclear generators. Entergy delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $11 billion and approximately 15,000 employees.Entergy's online address is entergy-arkansas.com Twitter: @EntergyArk
In this news release, and from time to time, Entergy Arkansas, Inc. makes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Except to the extent required by the federal securities laws, Entergy Arkansas undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.Forward-looking statements involve a number of risks and uncertainties. There are factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including (a) those factors discussed in: (i) Entergy Corporation's Form 10-K for the quarters ended March 31, 2012 and June 30, 2012 and (iii) Entergy Corporation's other reports and filings made under the Securities Exchange Act of 1934; (b) uncertainties associated with rate proceedings, formula rate plans and other cost recovery mechanisms; (c) uncertainties associated with efforts to remediate the effects of major storms and recover related restoration costs; (d) nuclear plant relicensing, operating and regulatory risks, including any changes resulting from the nuclear crisis in Japan following its catastrophic earthquake and tsunami; (e) legislative and regulatory actions and risks and uncertainties associated with claims or litigation by or against Entergy Corporation and its subsidiaries; (f) conditions in commodity and capital markets during the periods covered by the forward-looking statements, in addition to other factors described elsewhere in this release and subsequent securities filings, and (g) risks inherent in the proposed spin-off and subsequent merger of Entergy Corporation's electric transmission business into a subsidiary of ITC Holdings Corp. Entergy Corporation cannot provide any assurances that the spin-off and merger transaction will be completed and cannot give any assurance as to the terms on which such transaction will be consummated. The spin-off and merger transaction is subject to certain conditions precedent, including regulatory approvals and approval by ITC Holdings Corp. shareholders. SOURCE Entergy Corporation