Fair and sensible: The Federal Energy Regulatory Commission approved a sensible, fair and urgently needed set of rules to rationally plan and pay for the transmission infrastructure essential to achieving our common national goals of consumer savings, energy security, economic development, access to cheaper energy sources and environmental protection.
Addressing long-term needs: The intent of the Midwest ISO designation of multiple value projects is to address long-term policy needs across the Midwest ISO footprint in a cost effective manner. Midwest ISO’s proposal was not dictated by FERC.
Added protection: FERC’s approval of the Midwest ISO MVP cost allocation formula offers customers protection from unjustifiable transmission charges. This is because the process requires projects to be evaluated in an open, transparent stakeholder planning process. Alternatives, including generation, energy efficiency and demand response, must be considered.
Proportional: Not every Midwest ISO project will be a MVP project with shared costs. MVP projects are only one category of transmission facilities cost allocated by Midwest ISO. Reliability projects, economic projects, and generator interconnection projects all have their own separate formulas for who pays.
Modernizing Energy Transmission: How Corker-Wyden Would Endanger our Energy Future
Protects power company profits, holds customers captive
Blocks state and regional efforts to open markets, develop resources and create jobs
Places special interests over national security and environmental protection
Creates market chaos by exposing approved business agreements to legal challenges
