Carmel, IN, Valley Forge, PA and Little Rock, AR, January 28, 2002 — The Midwest Independent Transmission System Operator, Inc. (MISO), PJM Interconnection and Southwest Power Pool, Inc. (SPP) announce the formation of a Single Market Design Forum to identify the needs of market participants and promote efficiency in electricity markets.
MISO, PJM and SPP last week unveiled a vision to achieve a common single wholesale market with a “one-stop shop” that meets the needs of all stakeholders using the electric power grid in the states served by them. The organizations executed a Letter of Intent to develop a joint and common wholesale market for electricity producers and consumers in all or parts of 27 states, the District of Columbia and the Canadian province of Manitoba.
To meet the needs of all market participants, a collaborative stakeholder process will design the market through the Single Market Design Forum. All interested parties are welcome to attend the meeting. MISO, PJM and SPP staff will facilitate a consensus-based process through the Forum.
To facilitate an open process, MISO, PJM and SPP today launched a joint Website – www.miso-pjm-spp.com – to provide interested stakeholders with timely details about the initiative. It is expected that the Website will evolve into a repository for information related to the initiative – from general news to meeting minutes.
The first meeting of the Single Market Design Forum is scheduled for 9:00 a.m. to 1:00 p.m., Friday, February 8 at the Federal Energy Regulatory Commission building in Washington D.C. The meeting notice and registration form are available at www.miso-pjm-spp.com – click working groups, then click Single Market Design Forum.