OMS-MISO survey results indicate tight resource capacity in the upcoming planning year

Continued reforms needed to reliably manage the resource transition

For Immediate Release

June 20, 2024

Media Contact

Brandon Morris

CARMEL, Ind. — Today, MISO and the Organization of MISO States released the annual OMS-MISO survey results, which indicate a growing capacity deficit beginning in the 2025/26 planning year. Next summer, MISO could see resource sufficiency ranging from a 2.7 GW capacity shortfall to a 1.1 GW surplus, underscoring the need to accelerate resource additions, monitor large load additions, and delay resource retirements to reliably manage the anticipated growth in electricity demand.

“Ensuring a reliable energy supply is more critical than ever. As we face tightening capacity reserve margins compounded with rapid and large load additions, it is imperative for everyone from developers (new load and generation), economic development authorities, utilities, regulators, MISO, and other stakeholders to work in close coordination. Collaboration is essential to meet the growing demands of the MISO footprint and the rapidly changing system,” said Josh Byrnes, president of the Organization of MISO States and member of the Iowa Utilities Board. “Working together will ensure we collectively navigate the challenges ahead to ensure resource adequacy.”

This year’s survey includes new considerations to reflect a potential range of new, large load additions such as data centers and large manufacturing sites that could be added to the system in the near term. It also includes strong long-term growth driven by economic development activities and increased electrification. If the higher range of load additions comes to fruition – without a corresponding increase in capacity additions – the MISO region will likely see increased capacity deficiencies in the future.

“As outlined in our Reliability Imperative, there is an urgent need to continue and increase collaboration with our state regulators to ensure the evolving generation fleet can meet the growing demands across our footprint,” said John Bear, MISO’s chief executive officer. “Our work with OMS has always focused on having a better understanding of MISO’s resource adequacy picture, and this year’s survey enhancements are an example of how this work must develop and evolve to maintain a safe, reliable and affordable electricity system."

OMS and MISO conduct the annual, voluntary survey to assess available resource capacity to serve the projected load over the next five years (i.e., planning years 2025/26 through 2029/30). The survey aligns with MISO’s resource adequacy process, and capacity sufficiency is based on generating units’ availability, also known as seasonal accredited capacity. MISO uses this survey along with other information, such as the Planning Resource Auction and Futures, to create a holistic picture of the near- and long-term outlook of the grid. MISO will host a stakeholder workshop to discuss the survey results on Thursday, June 20 at 10 a.m. ET.

About Organization of MISO States

The Organization of MISO States Inc. is a non-profit, self-governing organization of representatives from each state with regulatory jurisdiction over entities participating in the Midcontinent Independent System Operator, Inc. (MISO), a regional transmission organization as defined by the Federal Energy Regulatory Commission (FERC). The purpose of the OMS is to coordinate regulatory oversight among the states, including recommendations to MISO, the MISO Board of Directors, the FERC, other relevant government entities and state commissions as appropriate.

About MISO

Midcontinent Independent System Operator (MISO) is an independent, not-for-profit organization that delivers safe, cost-effective electric power across 15 U.S. states and the Canadian province of Manitoba. 45 million people depend on MISO to generate and transmit the right amount of electricity every minute of every day. MISO is committed to reliable, nondiscriminatory operation of the bulk power transmission system and collaborating with all stakeholders to create cost-effective and innovative solutions for our changing industry. MISO operates one of the world’s largest energy markets with more than $40 billion in annual gross market energy transactions.

News Release Link