FirstEnergy agrees to join Midwest ISO

CARMEL, Ind., May 22, 2002 — The Midwest Independent Transmission System Operator Inc. (Midwest ISO) announced recently that it has signed a memorandum of understanding with FirstEnergy Corp. for FirstEnergy’s transmission subsidiary to join the regional transmission organization (RTO).

The inclusion of FirstEnergy’s American Transmission Systems, Inc. (ATSI) adds approximately 14,000 megawatts of peak load to the Midwest ISO footprint, an increase of more than 15 percent.

The memorandum of understanding states that ATSI, a wholly-owned subsidiary of FirstEnergy Corp., will join the Midwest ISO within 30 days either as an individual transmission owner or as part of an independent transmission company under a special membership category known as Appendix I.

“ATSI membership, whether as a stand-alone transmission owner or as part of an independent transmission company such as Alliance GridCo., will advance the development of competitive wholesale electric markets in the Midwest,” said James P. Torgerson, president and chief executive officer of the Midwest ISO. “The flexibility of the Midwest ISO’s transmission owners’ agreement provides a framework that can accommodate Alliance GridCo.’s business model and we would welcome them as another independent transmission company operating within the Midwest ISO.”

The Federal Energy Regulatory Commission approved the Midwest ISO as the nation’s first regional transmission organization (RTO) on Dec. 20, 2001. RTOs are responsible for ensuring the reliable operation of the wholesale electric transmission system and for ensuring fair access to the system. Headquartered in central Indiana, the Midwest ISO serves as an agent for its transmission- owning members, controlling an interconnected transmission grid in all or parts of 15 states and parts of Canada.

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