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Industry News

Midwest ISO Releases Draft Tariff

LCG, June 23, 2003--A set of draft tariff and market rules governing day-ahead and real-time energy markets, called the Open Access Transmission and Energy Markets Tariff, has been released by the Midwest Independent Transmission System Operator.

The rules were revised based on responses from ISO members and interested parties, following a technical conference held in May, and are being made subject to further comment. In addition, a sample allocation for financial transmission rights has been made public. The allocation was determined by using a network data model, incorporating generating resources and load. The Midwest ISO is asking for input on the system for allocation.

According to James P. Torgerson, president and chief executive officer of the ISO, "Defining the tariff langugage necessary to provide a solid blueprint for market operations, developing a network data model and producing initial financial transmission rights allocations are key components of our overall plan for ensuring a smooth market opening." The ISO intends to make an informational filing with FERC by August 1. "We are committed to honoring existing contracts and service arrangements consistent with federal and state policy," Torgerson said.

A guide to the Midwest Market Initiative is posted at
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