The board of directors of the Midwest Independent Transmission System Operator Inc. (Midwest ISO) has approved the 2008 Midwest ISO Transmission Expansion Plan (MTEP08), a long-term plan that includes recommendations for transmission infrastructure additions and electric grid improvements in the Midwest.
MTEP08 is the fifth regional expansion plan issued by the Midwest ISO and recommends 332 new projects totaling $2.4 billion in investment in the electric grid. The projects, to be in service by 2015, include more than 1,900 miles of new transmission line construction.
‘These new projects, combined with the existing portfolio of recommended projects and other proposed projects undergoing final business case assessment, will enable reliable and efficient electricity transmission for the next 10 years, while also accommodating predicted growth in demand for power,’ says T. Graham Edwards, CEO of the Midwest ISO. ‘As these projects are placed in service, by 2013, these grid enhancements will also provide savings and cost reductions of approximately $1 billion annually.’
Midwest ISO's transmission owners are expected to make the investments necessary to implement the planned projects recommended in the plan unless alternative funding is provided for under the Midwest ISO tariff.
SOURCE: Midwest Independent Transmission System Operator Inc.