Southwest Power Pool and Midwest ISO reach agreement on consolidation structure

October 19, 2001 – Southwest Power Pool, Inc. (SPP) and Midwest Independent Transmission System Operator, Inc. (MISO) have reached agreement on terms for the consolidation of the two organizations.

Their respective Boards of Directors have directed the management of each company to complete definitive agreements. Following the approval of the definitive agreements by both boards of directors and receipt of required regulatory and member approvals, a closing of the combination is expected in the first quarter of 2002.

A new name will be developed for the resulting organization which will operate in all or part of 20 US states and 1 Canadian province. Offices will be located in Carmel, Indiana, Little Rock, Arkansas and St. Paul, Minnesota. The new organization will operate an interconnected transmission system encompassing over 120,000 megawatts of generation capacity.

“SPP and MISO each bring strengths to the new entity,” said John Marschewski, President of SPP. “The combined organization will be more effective in its efforts to provide services to our customers and work to the benefit of the wholesale electric market.”

The new organization will be led by MISO’s Jim Torgerson as Chief Executive Officer and SPP’s Nick Brown as Chief Operating Officer. Marschewski will stay on for a period of time to ensure a smooth transition. He then plans to retire from the organization following over 36 years in the electric utility industry.

“We are very excited about the consolidation with SPP,” said Jim Torgerson, President and CEO of MISO. “This will be beneficial to the entire energy market in the mid-section of the country as federal and state level deregulation continues.”

Southwest Power Pool, Inc. and the Midwest ISO have members comprised of investor-owned utilities, municipal systems, generation and transmission cooperatives, state authorities, federal agencies, wholesale generators, and power marketers. SPP coordinates, promotes, and communicates about reliability in all aspects of the electric energy business. The Midwest ISO, based in central Indiana, is an independent transmission system operator that, when operational in December, will provide non-discriminatory bulk electric transmission service throughout much of the Midwest.

Author

  • The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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