The MISO Transmission Expansion Plan (MTEP) is developed annually through an inclusive and transparent stakeholder process. MISO evaluates various types of projects through the MTEP process that, when taken together, build an electric infrastructure to meet local and regional reliability standards, enable competition among wholesale capacity and energy suppliers in the MISO markets, and allow for competition among transmission developers.
1. Make the benefits of an economically efficient electricity market available to customers by identifying transmission projects which provide access to electricity at the lowest total electric system cost.
2. Develop a transmission plan that meets all applicable NERC and Transmission Owner planning criteria and safeguards local and regional reliability through identification of transmission projects to meet those needs.
3. Support state and federal energy policy requirements by planning for access to a changing resource mix.
4. Provide an appropriate cost allocation mechanism that ensures that costs of transmission projects are allocated in a manner roughly commensurate with the projected benefits of those projects.
5. Analyze system scenarios and make the results available to state and federal energy policy makers and other stakeholders to provide context to inform regarding choices.
6. Coordinate planning processes with neighbors and work to eliminate barriers to reliable and efficient operations.
Appendix A of the MTEP Report comprises the transmission projects recommended to MISO's Board of Directors for review and approval.