FERC found that MISO did not adequately comply with its directives in Order 831, which stipulated changes to the RTO's hard and soft offer cap processes.

The MISO IMM gave board members an explanation of the most pressing of the nine new recommendations contained in this year’s State of the Market report.

The MISO Market Monitor still sees room for significant improvement after giving the RTO’s markets a passing grade.

The MISO IMM says the RTO isn’t going far enough in proposing changes to comply with FERC’s offer cap rules, like increasing the max value of lost load.

MISO is considering how to alter its market rules to comply with a FERC order that “softens” the current energy offer cap.