MISO Transmission Expansion Plan 2011 Section 1
Executive summary 1
1. Executive Summary
The annual MISO Transmission Expansion Plan (MTEP) identifies solutions to meet transmission needs and create value opportunities over the next decade and beyond. These solutions are defined via the implementation of a comprehensive planning approach which identifies essential transmission projects for approval and subsequent construction. MISO staff recommends the projects listed and described in MTEP11 Appendix A
to the MISO Board of Directors for their review and approval. MTEP11, the eighth edition of this publication, is the culmination of more than 18 months of collaboration between MISO planning staff and stakeholders. The primary purpose of this and other MTEP iterations is to identify transmission projects that:
Ensure the reliability of the transmission system over the planning horizon.
Provide economic benefits, such as increased market efficiency.
Facilitate public policy objectives, such as meeting Renewable Portfolio Standards.
Address other issues or goals identified through the stakeholder process. MTEP11 recommends $6.5
billion in new transmission expansion through the year 2021 for inclusion in Appendix A and construction. This is part of a continuing effort to ensure a reliable and efficient electric grid that keeps pace with energy and policy demands. Key findings and activities from the MTEP11 cycle include:
Recommendation of the first Multi Value Project portfolio for approval by the MISO Board of Directors:
The portfolio is comprised of 17 projects, costing $5.6 billion.
The proposed Multi Value Project (MVP) portfolio will create a regional network that provides reliability, public policy and economic benefits spread across MISO, such as
The proposed MVP portfolio mitigates approximately 650 reliability
violations for more than 6,700 system conditions, increasing the transmission system’s
robustness under normal operation and extreme events.
Public policy benefits:
The proposed MVP portfolio enables the delivery of 41 million MWh of renewable energy.
The proposed MVP portfolio provides benefits in excess of the portfolio cost under all scenarios studied. These benefits are spread throughout the system, and each zone
receives benefits of at least 1.6 and up to 2.8 times the costs it incurs.
The proposed MVP portfolio provides a number of additional qualitative benefits. For example, the transmission will support a variety of generation policies through utilizing a set of energy zones which support wind, natural gas and other fuel sources
The construction of the proposed MVP portfolio will create between 17,000 and 39,800 direct jobs, or between 28,400 and 74,000 total jobs, including construction, supplier and downstream impacts.
Recommendation of 199 new Baseline Reliability, Generation Interconnection, or Other projects totaling $1.4 billion for approval by the MISO Board of Directors
These projects, together with proposed projects listed in Appendix B, ensure compliance with all reliability standards
Projects in Appendix A reflect planned projects approved by or recommended for approval by the Board of Directors. Projects in Appendix B represent proposed projects for which a need has been identified, but are not timely or require additional analysis. Appendix C contains projects for which the need has not been verified.
$6.5 billion figure includes the $849 million in projects that were either approved or conditionally approved at the June 2011 MISO Board of Directors meeting.
Portfolio cost is as submitted and reflects nominal in-service date costs in whole or in part; the portfolio cost is equivalent to $5.2 billion in 2011 dollars. Total portfolio cost includes the Brookings County project, conditionally approved in June 2011 and the Michigan Thumb project, approved in December 2010.
Benefits were calculated based on the MISO proposed Local Resource Zones for Resource Adequacy
Total includes $118.5 million of projects that were approved during the June approval cycle.