The Federal Energy Regulatory Commission (FERC) has cleared the way for MidAmerican Energy Co. to join the Midwest Independent Transmission System Operator Inc. (Midwest ISO) through a series of regulatory rulings that will significantly expand the market for Midwestern wind power and make the benefits of competition more accessible to consumers.
‘Membership in organized regional power markets produces important benefits for consumers, such as expanding electricity supply options through increased access to renewable energy resources and improving operating performance,’ says Jon Wellinghoff, chairman of FERC.
This decision was taken in the context of three separate FERC orders. The first order finds that MidAmerican will not have horizontal or vertical market power in the Midwest ISO and, therefore, can sell electricity at market-based rates in this region.
The second order accepts three filings associated with MidAmerican joining the Midwest ISO. The filings are related to financial transmission rights, local transmission planning and existing agreements for transmission service.
The third order accepts revisions to Midwest ISO's transmission rates to incorporate MidAmerican's transmission revenue requirement.
SOURCE: Federal Energy Regulatory Commission