Staff and intervenors file support of public interest finding
AUSTIN, Texas. — Entergy Texas, Inc.
received the strongest support yet for its proposal to join the Midwest
Independent Transmission System Operator or MISO this week when key parties
submitted a stipulation and settlement agreement at the Public Utility
Commission of Texas.
The settlement agreement states that,
subject to specified conditions, the parties agree that Entergy Texas’ proposed
membership in the large regional transmission organization is in the public
interest. The agreement was executed by the commission staff, Texas Industrial
Energy Consumers, East Texas Electric Cooperatives, Southwestern Public Service
Company, NRG Energy, Entergy Texas, MISO and the Coalition of Entergy Cities.
Entergy’s proposal is estimated to
save Texas customers up to $225 million over the first decade alone, while also
increasing service reliability and offering the benefits of Entergy Texas’
access to a market with diverse and competitively priced generation resources.
Under the proposal, Entergy Texas would transfer operational control of its
transmission facilities to MISO, with a target implementation date of December
“This settlement agreement adds
strong positive momentum to our efforts to enhance the reliability and
affordability of electricity in east Texas,” said Sallie Rainer, president and
chief executive officer of Entergy Texas, Inc. “Over the past two years, our
proposal to join MISO has been analyzed extensively by independent experts
working on behalf of various stakeholders and our state and federal regulators.
The fact that parties with the biggest stake in the outcome support this move
underscores that this initiative is great for our customers and our communities
in the region.”
The settlement will now go to the
PUCT commissioners for their approval. By statute, the PUCT must review and act
on the request by October 27, 180 days from when it was filed.
The settlement is a positive
development for the Entergy region as a whole. Each of the six Entergy operating
companies has filed a similar proposal with its regulatory commission. Three of
those filings have been addressed by their state’s regulatory body. Entergy
Louisiana and Entergy Gulf States Louisiana received approval with specified
conditions while Entergy Arkansas received an order stipulating conditions for
approval. Requests for Entergy Mississippi and the City of New Orleans will be
considered by their regulatory agencies over the coming weeks.
MISO facilitates the buying and
selling of electricity while continually balancing supply and demand, managing
transmission congestion and creating a robust, competitive market for industry
participants. MISO is the nation’s first regional transmission organization and
one of its largest. If the Entergy operating utilities are allowed to join,
MISO’s footprint will extend from Canada to the Gulf of Mexico.
Entergy Texas provides electricity to
more than 400,000 customers in 27 counties. It is a subsidiary of Entergy
Corporation. Entergy is an integrated energy company engaged primarily in
electric power production and retail distribution operations. Entergy owns and
operates power plants with approximately 30,000 megawatts of electric generating
capacity, including more than 10,000 megawatts of nuclear power, making it one
of the nation’s leading nuclear generators. Entergy serves 2.8 million customers
in Louisiana, Arkansas, Mississippi and Texas.