MISO and its stakeholders develop comprehensive transmission expansion plans to meet the reliability needs of the bulk electric system and the policy and economic of its dependents. Implementation of a value-based planning process creates a consolidated transmission plan that delivers regional value while meeting near-term system needs.
Regional transmission solutions, or Multi Value Projects (MVPs), meet one or more of three goals:
Provide multiple types of regional economic value
Provide a combination of regional reliability and economic value
- Reliably and economically enable regional public policy needs
Learn the status of the current MVP portfolio including regulatory and construction status as well as the currents cost and in-service date estimates for the MVPs.
MVP Portfolio and Study Results
The MVP Portfolio represents the culmination of more than eight years of planning efforts to find a regional transmission solution that provides value across the region while meeting local energy and reliability needs. In 2011, MISO’s Board of Directors approved the first MVP Portfolio based on its ability to:
Provide benefits in excess of its costs under all scenarios studied, with its benefit to cost ratio ranging from 1.8 to 3.0.
Maintain system reliability by resolving reliability violations on approximately 650 elements for more than 6,700 system conditions and mitigating 31 system instability conditions.
Enable 41 million MWh of wind energy per year to meet renewable energy mandates and goals.
Provide an average annual value of $1,279 million over the first 40 years of service, at an average annual revenue requirement of $624 million.
Support a variety of generation policies by using a set of energy zones which support wind, natural gas and other fuel sources.
Projects in the MVP Portfolio consider reliability, economic and public policy drivers in the development of transmission solutions that provide benefits in excess of its costs throughout the MISO footprint. Each local resource zone is projected to realize benefits ranging from 1.6 to 2.8 times the cost allocated to each zone from the approved MVP portfolio.
Triennial MVP Portfolio Review
The MISO tariff requires triennial review of MVP Portfolio. These reviews provide an updated view into the projected economic, public policy, and qualitative benefits of the approved MVP Portfolio to identify potential modifications to the MVP methodology and its implementation for projects to be approved at a future date. MVP reviews do not impact the existing MVP Portfolio approval status or cost allocation.