BELLEVUE, Wash., September 5, 2001 – ALSTOM today announced that the Indiana-based Midwest Independent System Operator (MISO) has taken the initial step prior to “going live” as the first operational regional transmission system in the Midwest with the launch of a 45-day market trial.
ALSTOM is the prime contractor on the $47 million USD project, which will enable MISO to reliably operate the largest and lowest-cost electric transmission grid in the United States. Upon project completion MISO will become the largest Federal Energy Regulatory Commission (FERC)-approved Independent System Operator in the United States.
“A successful market trial will demonstrate the ability of the not-for-profit consortium of transmission companies to meet its December 2001 goal of operating as an integrated system that works across multiple corporate interfaces,” said Norris Peterson, MISO Project Director for ALSTOM ESCA, the Energy Management and Markets Business Unit of ALSTOM.
This new system will make it possible for MISO to match energy demand with available transmission capacity – through the use of congestion management techniques – thereby ensuring the reliable delivery of power. Additionally, through the use of the Internet and web-based forms, market participants can quickly and easily enter the marketplace.
When implemented, this new system will be capable of managing the entire financial cycle, ensuring accurate cash flow from the user of the grid to the owner of the grid.
About Midwest ISO
Midwest ISO is the nation’s largest independent transmission system operator, servicing more than 255,000 square miles of electrical needs from Ohio to the upper Midwest. Utilities with more than 52,000 miles of transmission lines, 78,000 megawatts of electric generation, and nearly $8 billion in installed assets are participating in the Midwest ISO. The 14 transmission owners who have signed the MISO agreement are Alliant Energy, Ameren, CILCO, Cinergy, Commonwealth Edison, Hoosier Energy Rural Electric Cooperative, Illinois Power, LG&E Corporation, Madison Gas & Electric, Northern States Power, Southern Illinois Power Cooperative, Southern Indiana Gas & Electric, Wabash Valley Power Association, and Wisconsin Electric.
ALSTOM is the global specialist in energy and transport infrastructure. The Company serves the energy market through its activities in the fields of power generation, power transmission and distribution, and power conversion; and the transport market through its activities in high-speed rail, urban transit systems, cruise ships, and other marine vessels. Following the sale of its electrical contracting activity, finalized on July 20, 2001, ALSTOM has annual sales in excess of $20 billion and employs 120,000 people in over 70 countries. The Company is listed on the Paris, London, and New York stock exchanges. In the United States, ALSTOM employs more than 7,000 people and has annual sales exceeding $4 billion.
ALSTOM’s Energy Management and Markets Business unit, ALSTOM ESCA, is based in Bellevue, Washington USA. A supplier of Energy and Information Technology and Solutions, ALSTOM ESCA pioneered the development of product-based, real-time control systems for electric utilities and markets its products to the energy industry as well as other industries worldwide.