By Ethan Howland, Utility Dive
The Midcontinent Independent System Operator’s board on Monday approved a $10.3 billion transmission plan that could support about 53 GW of wind, solar, hybrid and stand-alone battery projects found in state and utility clean energy goals in its northern and central regions.
While the projects were designed to maintain grid reliability amid a changing generation mix, MISO estimates that it will bring $23.2 billion to $52.2 billion in present value net benefits over 40 years, including up to $19.9 billion in congestion and fuel cost savings, according to a presentation by Aubrey Johnson, MISO vice president of system planning and competitive transmission. Next …. Continue reading here.
- Also written by Ethan Howland: FERC OKs MISO plan to give certain transmission projects to incumbent utilities without competitive bidding
- Additional Recommended Reading: Midwest Transmission System Investments Will Be a Game Changer for a Clean Energy Future, Union of Concerned Scientists
- Previously Posted Southwest Power Pool News: Over 16 GW of planned wind capacity in SPP supported by robust financial outlook, S&P Global
Upcoming Nebraska Wind & Solar Conference Webinar
What Do Regional Transmission Organizations Do?, With Casey Cathey, Director of System Planning at Southwest Power Pool, August 17, 2022 at 10 a.m. This seminar will cover a variety of responsibilities of the Southwest Power Pool Regional Transmission Organization, such as transmission planning, resource adequacy, operations, and energy markets. Register here
MidAmerican Energy News Releases
- MidAmerican powers-up its largest solar array, sixth in 2022
Company plans additional wind and solar: MidAmerican’s proposed Wind PRIME project would raise MidAmerican’s GreenAdvantage figure to 100% by enabling the company to provide renewable energy equal to its Iowa customers’ annual usage upon completion in 2025. The project, which is pending before the Iowa Utilities Board, would add more than 2,000 megawatts of wind generation and 50 megawatts of solar energy.
- MidAmerican renewable energy mix exceeded 88% in 2021
Solar ITC Extension
- Solar investment tax credit to be extended 10 years at 30%, PV Magazine
As written in the Inflation Reduction Act of 2022, the tax credit will begin at 30% and step down to 26% in 2033 and 22% in 2034.
EV News – Utility Dive
- EV tax credits revived in Schumer, Manchin agreement on proposed reconciliation package
The deal announced Wednesday evening extends federal EV tax credits, adds income limits and removes manufacturer phase-outs.
- Nearly 20 states push ahead with truck electrification plan