Several regulatory agencies have an impact on electricity generation resources across the MISO footprint. MISO grew out of FERC Orders Nos. 888/889 in the Commission’s efforts to satisfy the need for providing non-discriminatory access to electrical transmission. MISO must ensure compliance with NERC and FERC standards and requirements.
The Federal Energy Regulatory Commission (FERC) regulates interstate transmission and wholesale sales of electricity. Several FERC orders and the Congressional Energy Policy Act of 1992 introduced pivotal changes to the electric power industry.
Passed by Congress in 1992, this landmark legislation promoted competition in the wholesale electric market. One of the Act’s provisions amended the Federal Power Act, giving FERC authority to order utilities to provide transmission service to requesting wholesale generators. The Act also promoted the use of solar and renewable energy, overhauled nuclear plant licensing procedures and established programs to increase energy efficiency.
Issued in 1996, these companion orders established the rules regarding opening the nation's wholesale bulk electric system to competition. These orders requried the establishment of an electronic bulletin board called open access same-time information system (OASIS), which allows users to receive data on current operating status and transmission capacity of any transmission provider.
In this order, the FERC encouraged all FERC-jurisdictional utilities that own, operate or control transmission lines (the lines that carry power from generating plants to distribution substations) to turn operational control of those lines over to an independent agency, like an ISO or RTO.
This FERC rule mandates how public utility transmission providers plan for and allocate the costs of new projects on a regional and interregional basis. Order 1000 builds upon Order 890, which required transmission planning based on open, transparent and coordinated processes.
The North American Electric Reliability Corporation (NERC) is a not-for-profit international regulatory authority whose mission is to assure the effective and efficient reduction of risks to the reliability and security of the grid. NERC develops and enforces Reliability Standards; annually assesses seasonal and long‐term reliability; monitors the bulk power system through system awareness; and educates, trains, and certifies industry personnel.
In 2007, FERC approved agreements by which NERC delegates its authority to monitor and enforce compliance to eight regional entities. MISO's footprint is in the three following regional entities:
Several regulatory agencies affect generation resources across the MISO footprint. MISO grew out of a FERC order in the Commission’s efforts to satisfy the need for providing non-discriminatory access to electrical transmission. MISO’s responsibility for ensuring compliance includes compliance with NERC Standards and Requirements applicable to our registered functions, with the exception of those otherwise delineated by the Coordinated Functional Registration (CFR).