This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

MISO Clears First Annual Capacity Auction

CARMEL, Ind., April 5, 2013 /PRNewswire/ -- MISO administered the first capacity auction under its recently enhanced resource adequacy construct this week.  The system wide clearing price for the 2013-2014 planning year was $1.05 per megawatt-day.  This result is reflective of the region's ample supply of generation and demand response resources as well as the robust transmission system, which ensures reliable and efficient delivery of energy to load within the MISO region.  The auction covers the annual commitment period from June 2013 to May 2014.

"The new annual capacity auction provides greater certainty and ensures sufficient resources will be available to meet peak demand, demonstrating how markets facilitate meeting the region's electricity needs reliably and cost effectively," said Richard Doying, Executive Vice President of Operations and Corporate Services.

The voluntary annual capacity auction replaces MISO's former monthly auction process, and includes the ability to self-supply or "opt-out" of the auction clearing process.  "In addition, these enhancements preserve the existing benefits of state planning processes while providing market mechanisms to ensure prices reflect efficient, competitive market outcomes as well as transmission limitations that might exist between zones," Doying said.

A total of 97,206 megawatts of planning resources were cleared to meet the MISO footprint resource adequacy requirements.  This volume includes 90,711 megawatts of generation resources, 3,103 megawatts of external resources, and 3,393 megawatts of behind-the-meter generation resources.

The auction results are posted on the Resource Adequacy Planning section of MISO's website.

These results will be discussed at the April 15 Supply Adequacy Working Group meeting in Carmel.

About MISOMISO ensures reliable operation of, and equal access to high-voltage power lines in 15 U.S. states and the Canadian province of Manitoba. MISO manages one of the world's largest energy markets, with more than $18 billion in gross annual energy transactions. MISO was approved as the nation's first regional transmission organization in 2001. The not-for-profit 501(C)(4) organization is governed by an independent Board of Directors and is headquartered in Carmel, Ind., with operations centers in Carmel and St. Paul, Minn. Membership in the organization is voluntary.

 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs