PJM, MISO Plan Joint Interregional Transfer Capability
Study
VALLEY FORGE, Pa. and
CARMEL, Ind., May 9, 2024 /PRNewswire/ -- PJM
Interconnection and the Midcontinent Independent System Operator
(MISO) announced today that the organizations will collaborate on
an informational interregional transfer capability study, set to be
performed during the second half of 2024.
Increasing transfer capability between regions may help to
support greater grid resilience, particularly following extreme
weather events and the influx of renewable generation resources
with intermittent output.
Driven by input received by each organization from the
Organization of PJM States (OPSI), the Organization of MISO States (OMS) and the Midwestern Governors
Association (MGA), the study will identify potential opportunities
for near-term transmission enhancements along the seam shared by
PJM and MISO.
"PJM looks forward to embarking on this study process with MISO
as a path to increased coordination," said Paul McGlynn, PJM Vice President – Planning.
"Ensuring a reliable energy transition requires greater
interdependence among regions and careful planning. Advancing this
enhanced effort will benefit electricity consumers in each
region."
"MISO and PJM have a long history of working together to address
operational and planning challenges in our regions," said
Aubrey Johnson, Vice President
System Planning and Competitive Transmission at MISO. "As we
continue to focus on our Reliability Imperative efforts, we
understand the need to explore interregional planning, and with
encouragement from OPSI, OMS and MGA, we will conduct a study that
will address both near-term needs and create a model for future
studies."
Specifically, PJM and MISO will work together to explore
opportunities to:
- Engage in joint transmission analysis and coordinated
modeling
- Leverage planning processes to promote reliability and
resiliency through holistic, efficient and cost-effective
transmission planning for ratepayers
After the study's conclusion in early 2025, both grid operators
will share their findings with the Interregional Planning
Stakeholder Advisory Committee, an organization established by PJM
and MISO to review coordinated system planning activities with all
stakeholder groups.
PJM Interconnection, founded in 1927, ensures the
reliability of the high-voltage electric power system serving 65
million people in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New
Jersey, North Carolina,
Ohio, Pennsylvania, Tennessee, Virginia, West
Virginia and the District of
Columbia. PJM coordinates and directs the operation of the
region's transmission grid, which includes 88,115 miles of
transmission lines; administers a competitive wholesale electricity
market; and plans regional transmission expansion improvements to
maintain grid reliability and relieve congestion. PJM's regional
grid and market operations produce annual savings of
$3.2 billion to
$4 billion. For the latest news about PJM, visit PJM Inside
Lines at insidelines.pjm.com.
About MISO
Midcontinent Independent System Operator (MISO) is an
independent, not-for-profit organization that delivers safe,
cost-effective electric power across 15 U.S. states and the
Canadian province of Manitoba.
45 million people depend on MISO to generate and transmit the
right amount of electricity every minute of every day. MISO
is committed to reliable, nondiscriminatory operation of the bulk
power transmission system and collaborating with all stakeholders
to create cost-effective and innovative solutions for our changing
industry. MISO operates one of the world's largest energy markets
with more than $40 billion in annual
gross market energy transactions.
View original
content:https://www.prnewswire.com/news-releases/two-major-grid-operators-embark-on-joint-planning-endeavor-to-enhance-reliability-302141414.html
SOURCE PJM Interconnection