CMS Energy said that 2016 was their best year ever for generation reliability, and boosted earnings for the year to $551 million from $523 million in 2015.
WEC reported net income of $194.4 million for the fourth quarter. The earnings call focused largely on the company’s natural gas initiatives.
FERC approved a settlement between the city of Rochester, Minn., and the Southern Minnesota Municipal Power Agency over a CapX2020 transmission project.
FERC ruled that MISO unreasonably prevents energy storage from participating in markets other than its regulation market.
FERC rejected the proposed MISO three-year forward capacity auction in its retail-choice areas. It's back to the drawing board for the RTO and stakeholders.
Stakeholders say the MISO effort to simplify treatment of behind-the-meter generation has created more questions than it has answered.
The MISO Board of Directors is considering a 2016 executive incentive plan that would slash potential bonuses by more than 30%.
MISO officials and stakeholders discussed December's record output for wind power, IT improvements and transmission cost allocation.
The MISO Steering Committee allocated the RTO’s settlement with SPP, a potential cost recovery defect and cost-sharing for customer-funded upgrades.
MISO appointed a new chief financial officer, Melissa Brown, who most recently served as CFO for Drax Biomass.