MISO’s Value Proposition surpassed $4 billion in 2022

CARMEL, Ind. — MISO provided more than $4 billion in benefits to its operating region in 2022, continuing to build upon its vision to be the most reliable, value-creating regional transmission organization.

“I’m proud that MISO continues to deliver substantial benefits to our entire footprint,” said MISO’s Chief Executive Officer John Bear. “We spend a lot of time with our members and stakeholders to better understand their needs and ensure alignment as our industry continues to rapidly change.”

MISO’s Value Proposition analysis identifies and quantifies several value drivers for the region, including more efficient use of existing resources, improved reliability and compliance, and a reduced need for additional assets. The annual Value Proposition studies reveal that MISO’s regional approach has delivered cumulative benefits of $40 billion since this calculation was first developed in 2007. Those benefits amount to more than twelve times MISO's operating costs.

Among all Value Proposition components, the largest contributors for 2022 include:

• Resource Capacity Sharing (formerly called Footprint Diversity): $1.9 - $2.9 billion – MISO’s large footprint increases load diversity and asset availability, which allowed local utilities to decrease their required reserve margins.
• Energy Dispatch: $620 - $690 million – Real-time and day-ahead energy markets result in the deployment of the most economic resources to meet the region’s electric needs.
• Renewable Resource Optimization (formerly called Wind Integration): $410 - $480 million – MISO’s regional planning enables lower cost integration of renewable resources across the region, reducing overall capacity investment to meet renewable energy goals.

“We work tirelessly to ensure that our region receives the most out of MISO membership,” added Wayne Schug, MISO’s vice president of Strategy and Business Development. “Reliably building and operating the grid of the future while supporting our members’ sustainability and affordability objectives requires close collaboration.  As we advance the work discussed in MISO’s Reliability Imperative and enable the future grid, we expect the Value Proposition to grow substantially.”

The full report of the 2022 Value Proposition study  including calculations, assumptions, and supporting information is available on MISO’s website, as well as the Value Proposition Workshop on Thursday, March 30 at 3 p.m. EDT. The Value Proposition and benefit-to-cost ratio are projected to increase significantly in the future due to MISO’s support of the region’s resource portfolio transformation. To better understand this change, MISO developed a Forward View of the Value Proposition as a supplemental report of the Reliability Imperative.

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