Fifteen years ago, the forward-thinking owners of a handful of Midwestern transmission companies had the idea for an independent entity to oversee the flow of electricity on the power grid. Their simple vision of allowing equal access to the transmission system while ensuring reliability forever changed the way the energy industry operates.
Through the collaborative efforts of a diverse group of industry participants – including transmission owners, energy providers, regulators, and environmental and consumer advocates – MISO became the first regional transmission organization (RTO) approved by the Federal Energy Regulatory Commission (FERC) to earn the tremendous responsibility for providing equal and unbiased access to the reliable delivery of least-cost energy to its members and their customers.
Today, MISO manages more than 65,800 miles of transmission lines across 15 states and the Canadian Province of Manitoba and operates energy markets, clearing billions of dollars each month. What started as an incredible ambition now generates between $2.1 billion and $3.1 billion in annual regional benefits, and we couldn’t be more proud.