Speaker Notes: Acronyms on this slide: FERC - Federal Energy Regulatory Commission

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5 Key Takeaways : The Transmission Settlements process financially settles Market Participants use of the MISO Transmission System and mandated, non-competitive Ancillary Services such as Scheduling and Voltage Support. Speaker Notes: Acronyms on this slide: FERC - Federal Energy Regulatory Commission The Transmission Settlements process financially settles Market Participants use of the MISO Transmission System and mandated, non-competitive Ancillary Services such as Scheduling and Voltage Support. Market Participant charges for Transmission and Ancillary Services are calculated based on the Tariff that has been approved by FERC. The collected funds are distributed to the Transmission Owners and the providers of the mandated Ancillary Services. Transmission Settlements utilizes different applications than the Market Settlements. Transmission Settlements pre-dates the Market opening and continues to follow the existing Transmission Settlements schedule. Some common MISO terms and acronyms include: Day 1 The opening of the MISO OASIS and provision of Transmission Services. 5

6 Day 2 - The opening of MISO Energy Markets. Day 2 Run - The Preliminary Transmission Settlements data produced on the 2 nd Business Day of each Month. ASM The ancillary service markets that opened after the Energy Markets. Transmission Settlements data is attached to an Invoice delivered via . Transmission Owners requiring Monthly Revenue (MR) files and Transmission Customers receiving an Open Invoice Status Report can access the MISO FTP Site to obtain the files and documents. Transmission Settlements Events: Preliminary Transmission Settlements data for prior Month posted on FTP Site (Day 2) Final Transmission Settlements data for prior month posted on FTP Site (Day 5) Invoices ed with Final data for past Month Payment due for Charges with Terms of Net 7 Distribution of collected Revenues Transmission Settlements utilizes different applications than the Market Settlements. Transmission Settlements pre-dates the Market opening and continues to follow the existing Transmission Settlements schedule. 5

7 Key Take Away : There are 3 main categories of Transmission and related Services: 1) Transmission Services, 2) Mandatory Ancillary Services, and 3) Additional Services Speaker Notes: Acronyms on this slide: ATSI - American Transmission Service, Incorporated MTEP - MISO Transmission Expansion Plan Each of these services follows the detailed description contained in the matching Schedule of the MISO EMT (tariff). There are 3 standard transmission services: 1) Firm point-to-point, 2) non-firm pointto-point and 3) network integrated service also known by its acronym NITS. The names of these services define their use. In addition to the standard services, 5 other schedules are included with the Transmission Services: Schedule 26 which collects a charge for upgrading the transmission network as part of the Transmission Expansion Plan. Schedule 26-B which collects a one-time Shared Upgrade charge for the connection of a specific Generator to MISO. Schedule 33 Black Start - which collects charges to be paid to Resources that can supply energy during loss of power to the grid. These Resources can start operations without power. A run of river resource is an 6

8 example of a black start unit. Schedule 36 Regional Charge to Recover Costs of ITCTransmission s Phase Angle Regulators (New PARs) from PJM and NYISO Regions. Schedule 37 MISO Transmission Expansion Plan (MTEP) Project Cost recovery for American Transmission System, Incorporated (ATSI) Zone. 6

9 Key Take Away : There are 3 main categories of Transmission and related Services: 1) Transmission Services, 2) Mandatory Ancillary Services, and 3) Additional Services Speaker Notes: Acronyms on this slide: ATSI - American Transmission Service, Incorporated DEI Zone Duke Energy Indiana Zone after withdrawal of DEO and DEK. DEK Duke Energy Kentucky, Inc. DEO Duke Energy Ohio, Inc. MTEP - MISO Transmission Expansion Plan Three new schedules will become effective January 1, 2012: Schedule 10-G: MISO Alternate Administrative Cost Adder The adder recognizes prepayment of capital obligations for Transmission provider start-up costs. The Transmission Customers listed in Attachment I Index of Transmission Customers Eligible for Schedule 10-A: ComEd ESO for PPO Customers ComEd Wholesale Marketing, Commonwealth Edison Company Exelon Energy Exelon Energy Power Team 7

10 Exelon Generation Company LLC Schedule 26-A: Multi-Value Project Usage Rate (MUR) This system-wide rate is charged to Monthly Net Actual Energy Withdrawals, Export Schedules, and Through Schedules. A Multi-Value Project is defined as one or more Network Upgrades that address a common set of Transmission Issues and satisfy Transmission Expansion Planning Protocols contained in Attachment FF of the EMT. Schedule 38 : MTEP Project Recovery for Duke Energy Ohio (DEO) and Duke Energy Kentucky. Following the withdrawal of DEO and DEK, the DEI Zone will be comprised of Duke Indiana, Inc. Transmission Customers taking service in MISO, as well as ATSI, shall pay for a portion of the MTEP Projects of DEO and DEK effective January 1, DEO and DEK shall pay a portion of MTEP Projects also. 7

11 Key Take Away : MISO has 2 mandatory Ancillary Services Speaker Notes: Acronyms on this slide: TO Transmission Owner Schedule 1 : Recovery of MISO Transmission Owners costs of providing their share of energy interchange scheduling, generation and transmission system control, and generation dispatching in collaboration with MISO. Schedule 2 : Recovery of Costs to maintain transmission voltages within acceptable limits through the operation of Generation Resources and non-generation resources to produce or absorb reactive power. These Services are settled and billed through the Market Settlements process. All power system operators must maintain transmission voltages within acceptable limits by using generation resources to produce or absorb reactive power. Generator resources or other sources are paid for their costs of operation when requested to operate. 8

12 Key Take Away : There are 3 main categories of Transmission and related Services: 1) Transmission services, 2) Mandatory Ancillary Services, and 3) Additional Services Speaker Notes: Acronyms on this slide: ATSI - American Transmission Service, Incorporated FERC Federal Energy Regulatory Commission GFAs Grandfathered Agreements HVDC High Voltage Direct Current ISO Independent System Operator MTEP - MISO Transmission Expansion Plan NYISO New York Independent System Operator PAR Phase Angle Regulator Additional Services Descriptions: Schedule 10-Demand - ISO Cost Adder Schedule 10-Energy - ISO Cost Adder Schedule 10-A : Alternate Cost Adder Schedule 10 - B : Interim ISO Cost Adder Schedule 10 C : LG&E Cost Adder Schedule 10 D : MTEP Project Cost Recovery for American Transmission Service, Incorporated (ATSI) Zone 9

13 Schedule 10 FERC : FERC Annual Charges Recovery Schedule 11 : Wholesale Distribution Service or Pass Through Schedule 20 : Treatment of Station Power Schedule 23 : Recovery of Schedule 10 Costs from certain GFAs including Schedule 23 -FERC Schedule 35 : HVDC Agreement Cost recovery Fee Schedule 36: Regional Charge to Recover Cost of ITCTransmission s Phase Angle Regulators (New PARs) from PJM and NYISO Regions Schedule 37: MTEP Cost Recovery (ATSI) Schedule BB : Compensation for Rescheduling Generator Outages Schedule JJ : Compensation for Rescheduling Transmission Outages 9

14 Take Away : There are several options that Transmission Customers have available to them to extend, modify, sale, and purchase Transmission Services. Speaker Notes: Acronyms on this slide: TLR NERC Transmission Loading Relief Process Redirect : Redirection is the changing of the Source and/or Sink of an existing Reservation. The request to Redirect is treated as a new request for service with the same timing requirements as a new request. Annulment: Annulment is the voiding of a Confirmed Transmission Reservation by mutual agreement with the Transmission Customer. Customers may request MISO to Annul. MISO will determine if appropriate. Resale : Resale occurs when Point-to-Point Transmission Customers sell all or a potion of their Transmission rights. Compensation Rates are by agreement between Reseller and Assignee. Profiles: Transmission Customers may exclude one or more Confirmed Original Transmission Service Requests (TSRs) from the Available Flowgate Capability (AFC) calculation and replace them with new TSRs that better represent the actual MW amount or start and stop times of the reservations. This option is useful for multiple monthly or annual TSRs that have been Confirmed for a peak 10

15 amount that can vary monthly or seasonally. Profiles can also be used to describe bidirectional transmission paths where the flow direction can change throughout the year. An example is a hydro-electric facility that may generate based on high water flow in the spring, but then will purchase power in summer when water flow is insufficient. Grandfathered Transmission Service: Grandfathered Transmission Service is non-tariff Transmission Service still in effect after the opening of MISO. Grandfathered Transmission Service is based on agreements executed or committed to prior to September 16, 1998 or ITC Grandfathered Agreements that are not subject to the specific terms and conditions of the EMT consistent with the Commission s policies. These agreements are set forth in Attachment P to the EMT. TLR Credits The NERC Transmission Loading Relief (TLR) procedures are used by Operations personnel to relieve loading on Transmission Facilities. Transmission Customers receive a credit if their Reservation was curtailed due to issuance of a TLR. If the customer curtails more MWs than asked or curtails for a longer period of time than asked, they will not receive additional credits. Other options that are upstream of Transmission Settlements: There are several options that Transmission Customers have available to them to extend, modify, sale, and purchase Transmission Services. Dynamic Interchange Schedules: Dynamic Interchange Schedules are Interchange Schedules for which the Market Participant has put in place real-time and interval metering facilities approved by the Midwest ISO. The Resources are supplying Energy to Load on a real-time basis and the supply is being effected through the use of scheduled Interchange in the Midwest ISO s area control equation. Rollover/Renewal Rights: Rollover Rights or Renewal Rights allow existing Long-Term Firm Transmission Customers to continue Transmission Service after the contract expires, rolls over, or is renewed, if certain conditions occur. 10

16 Key Take Away : There are 4 types of transmission transactions referred to : 1) Drive-In, 2) Drive-Within, 3) Drive-through, and 4) Drive-Out Speaker Notes: Each of these services follows the detailed description contained in the matching Schedule of the MISO EMT (Tariff). PTP refers to Point-to-Point transmission services. Drive-In refers to transactions that originate outside of the MISO footprint but are delivered to a point within MISO. Drive-Within refers to transactions that originate inside of the MISO footprint and are delivered to a point within MISO. Drive-Through refers to transactions that originate outside of the MISO footprint and are delivered to a point outside of the MISO footprint. Drive-Out refers to transactions that originate within MISO but are delivered to a point external to the MISO footprint. 11

17 Key Take Away :NITS or Network Integration Transmission Service provides for the Transmission Owner s use of their Transmission Network.. Speaker Notes: Acronyms on this slide: LBA Local Balancing Authority NITS Network Integration Transmission Service This service provides for the Transmission Owner s use of their Transmission Network. This Transmission Service allows Network Customers to efficiently and economically utilize their Network resources (as well as other non-designated generation resources) to serve their Network Load located in the Transmission Owner s Local Balancing Authority or pricing zone. 12

18 Key Take Away : The MISO OASIS is used to enter Transmission Service Requests. Current and Historic Transmission Services rates and other information is available on the OASIS. Speaker Notes: The MISO OASIS is used to enter Transmission Service Requests. Current and Historic Transmission Services rates and other information is available on the OASIS. 13

19 Key Take Away : Transmission Settlements follows a calendar month billing cycle. Speaker Notes: Acronyms on this slide: FTP File Transfer Protocol Transmission Settlements follows a calendar month billing cycle. The settlement system retrieves the necessary data from the MISO market database in order to calculate charges to Transmission Customers and calculates the revenue distribution to Transmission Owners/generators. A preliminary run is available to Transmission Customers, Transmission Owners and generators on the 2 nd Business Day of Month following the end of a Month of service. If the 2 nd Day is MISO Observed Holiday, the Preliminary Settlement is distributed the next Business Day. Monthly Charge (MC) and Monthly Revenue (MR) files, in both a comma separated variable (csv) text format and Excel format, are placed in the respective Outgoing folder on the files transfer protocol (FTP) site. (User names and passwords for each Transmission Customer and Transmission Owner and generator, along with the guidelines for accessing the FTP site are available from Customer Registration.) An stating that the files are available for review is sent out once the files have 14

20 been placed on the FTP site. The final settlement run is available on or around the fifth (5th) business day following the end of a calendar month of service. If the 5 th Day is a MISO Observed Holiday, the Final Settlement is distributed the next Business Day. The files, in both text and Excel format, are placed in the respective Outgoing folder on the FTP site. A notification is sent out when the files are available for review. Also on the fifth (5th) business day, the Transmission Settlements systems passes the charge and revenue data generated by the settlements system to the Oracle system of the MISO Finance Department. At that time, invoices, which correspond directly with the MC files, are generated by the Finance Department and distributed via . Invoices currently have terms of net seven (7) days. MR files are not available via but only on the FTP site. Due to the nature of the billing data for Point-To-Point Transmission Service, most MISO services are billable at the end of the month for the service received. However, monthly charges for Network Integration Transmission Service (NITS) can be billed either using actual value or estimated values depending upon each Local Balancing Authority or pricing zone. If estimated values are used, prior period adjustments representing the delta between what was originally billed and what should have been billed will be done upon receipt of actual value data from the Local Balancing Authority or pricing zone. More information is available in the Monthly Transmission Billing, Cash Clearing, and Revenue Distribution Business Practice Manual. 14

21 Key Take Away: MISO posts Preliminary Settlements and Final Settlements on dates that differ each month based on calendar weekends and holidays. Speaker Notes: Acronyms on this slide: NITS Network Integration Transmission Service Preliminary Transmission Statements are created at the beginning of each month for the Transmission Service activity of the previous month. Based on the position of holidays and weekends, actual Transmission Settlement distribution dates and payment and revenue distribution dates can vary greatly from month to month. This schedule ensures billing and funds transfers occur smoothly. If there are issues, the subsequent days are typical business days with full staffing both at MISO and at Market Participants offices in order to resolve issues. 15

22 Key Take Away: Transmission Settlements key dates change from month to month based on the calendar dates and business holidays for each month. Speaker Notes: Transmission Billing takes place in the month after the service occurred. Preliminary Settlement: 2 nd Business Day of New Month unless the 2 nd Day is a MISO Observed Holiday. In that case, the Preliminary Settlement is distributed the next Business Day. In this case the 2 nd Day of the month is a standard business day for August Final Settlement: 5 th Business Day of New Month unless the 5 th Day is a MISO Observed Holiday. In that case, the Final Settlement is distributed the next Business Day. In this case the 5 th Day of the month is a standard business day for August Payment Due: 7 th Business Day of New Month after the Final Settlement was distributed unless the 7 th Day is a MISO Observed Holiday. In that case, the Payment is due the next Business Day. In this case the 7 th day after the Final Settlement is a is a standard business day for August Payments Distributed: Hours after Receipt of Payment. The payment distribution occurs on a standard business day. 16

23 A second payment may occur 7 days after the first payment. 16

24 Take Away : There are 3 Invoices sent to Transmission Customers with charges: 1) The Transmission Services Invoice also known as the TO Trust, 2) the Ancillary Services Invoice also known as the Non-TO Trust and 3) the Cost Adder Invoice. Speaker Notes: Acronyms on this slide: TO Transmission Owner There are 3 Invoices sent to Transmission Customers with charges: 1) The Transmission Services Invoice also known as the TO Trust, 2) the Ancillary Services Invoice also known as the Non-TO Trust or as the Pass Through, and 3) the cost adder invoice. Schedule 26 is titled Network Upgrade Charge from Transmission Plan. 17

25 Take Away : Firm PTP service employs a zonal rate for charges. Distribution to Transmission Owners follows a 2 component revenue distribution: 50% of the distribution is based on Transmission Investment ; the second 50% is based on Transaction Participation Factors. Firm and Non-Firm PTP service charges and distributions follow the same calculations. Speaker Notes: Acronyms on this slide: TOs Transmission Owners Firm PTP service employs a zonal rate for charges. Firm and Non-Point-to-Point Transmission Service is billed at the end of the month based on Reserved Capacity in MWs. Distribution to Transmission Owners follows a 2 component revenue distribution: 50% of the distribution is based on Transmission Investment; the second 50% is based on Transaction Participation Factors. Firm Point-to-Point Schedule 7 Service is calculated for Drive-In service in which the Sinks are internal to MISO. Another calculation is performed for Drive-Out and Drive-Through services in which the Point of Delivery is external to MISO. Revenue Distribution Exceptions are noted as follows: 18

26 Fully distributed to Host Zone Transmission Owner when: Retail Load served Reservation with Resources and Load in same Host Zone Delivery to Wholesale Requirements customer Fully Distributed to Border Transmission Owner when: Border Transmission Owner delivers from outside MISO to its Direct Connect Zone 18

27 Take Away : Non- Firm PTP service employs a zonal rate for charges. Distribution to Transmission Owners follows a 2 component revenue distribution: 50% of the distribution is based on Transmission Investment ; the second 50% is based on Transaction Participation Factors. Firm and Non-Firm PTP service charges and distributions follow the same calculations. Speaker Notes: Acronyms on this slide: TOs Transmission Owners Non-Firm service is similar to the Firm PTP service. Firm and Non-Firm Point-to-Point Transmission Service is billed at the end of the month based on Reserved Capacity in MWs. Non-Firm Point-to-Point Service has an additional type of service than Firm Pointto-Point Hourly. Hourly may be either On-Peak Hourly or Off-Peak Hourly. PTP service employs a zonal rate for charges. Distribution to Transmission Owners follows a 2 component revenue distribution: 50% of the distribution is based on Transmission Investment ; the second 50% is based on Transaction Participation Factors. Non-Firm Point-to-Point Schedule 8 Service is calculated for Drive-In service in which the Sinks are internal to MISO. Another calculation is performed for Drive-Out and Drive-Through services in 19

28 which the Point of Delivery is external to MISO. Revenue Distribution Exceptions: Fully distributed to Host Zone Transmission Owner when: Retail Load served Reservation with Resources and Load in same Host Zone Delivery to Wholesale Requirements customer Fully Distributed to Border Transmission Owner when: Border Transmission Owner delivers from outside MISO to its Direct Connect Zone 19

29 Take Away : Network Integration Transmission Service (NITS) is billed at the end of the month the service was taken but is based on Actual or Estimated Peak Loads. Speaker Notes: Acronyms on this slide: LBA Local Balancing Authority NITS Network integration Transmission Service This service provides for the Transmission Owner s use of their Transmission Network. NITS allows Network Customers to efficiently and economically utilize their Network resources (as well as other non-designated generation resources) to serve their Network Load located in the Transmission Owner s Local Balancing Authority or pricing zone. Network Integration Transmission Service (NITS) is billed at the end of the month the service was taken but is based on Actual or Estimated Peak Loads. True-ups will occur in subsequent billing cycles when Estimated Load data is used. Peak Load Data is due the 1 st Business Day of the month by Midnight to be incorporated into the Day 2 run. Final Peak Load Data is due at Noon on the 3 rd Business Day of the month. Estimated values are accepted when actual meter values are not available. 20

30 If no data is available, the previous month s Peak Load data will be used. 20

31 Key Takeaways: Several key Credit parameters are used to monitor each Participant s Total Potential Exposure and determine their Credit Limit. Speaker Notes: Several key Credit parameters are used to monitor each Participant s Total Potential Exposure relative to their Credit Limit. Total Potential Exposure is calculated using the Total Invoiced Exposure plus the Total Measured Exposure values. Total Invoiced Exposure is defined as Invoiced but not yet paid amounts. Example: Final Settlement (Day 5 run) before payment due date Total Measured Exposure is defined as Charges that have been calculated and/or settled but not yet invoiced. Example: Preliminary Settlement (Day 2 run) Credit evaluation includes all Charge Types for Point-to-Point and Network Integration Services. MISO monitors credit parameters daily to determine exposure and the impacts to the individual Participant s Credit Limit. These parameters take into account invoiced charges that have not yet been paid and Charges and Revenues that have been calculated but not yet invoiced. An estimate for days is produced depending on the time of the month. When invoiced data is not available, MISO uses information based on the historical 21

32 activity of the MP. The evaluation includes the Charge Types associated with PTP and NITs reservations. PTP actual amounts are calculated by the formula : Granted Capacity * Rate * Duration. PTP estimated amounts are calculated by the formula: Reserved Capacity * Rate * Duration. NITS estimated amounts are calculated by the formula: Control Area Peak Load * Customer Percentage. Standard formulas are used to estimate Control Area Peak Load and Customer Percentage. 21

33 Key Takeaways: Several key Credit parameters are used to monitor each Participant s Total Potential Exposure and determine their Credit Limit. Speaker Notes: Acronyms on this slide: TPE- Total Potential Exposure Several key Credit parameters are used to monitor each Participant s Total Potential Exposure (TPE) and determine their Credit Limit. Total Invoiced Exposure is defined as Invoiced but not yet paid amounts. Example: Final Settlement (Day 5 run) before payment due date Total Measured Exposure is defined as Charges that have been calculated and/or settled but not yet invoiced. Example: Preliminary Settlement (Day 2 run) Evaluation includes all Charge Types for Point-to-Point and Network Integration Services. MISO monitors credit parameters daily to determine exposure and the impacts to the individual Participant s Credit Limit. Two components are used in the evaluation of Total Potential Exposure; Invoiced and Measured. These parameters take into account invoiced charges that have not yet been paid 22

34 and Charges and Revenues that have been calculated but not yet invoiced. An estimate for days is produced depending on the time of the month. When invoiced data is not available, MISO uses information based on the historical activity of the MP. The evaluation includes the Charge Types associated with PTP and NITs reservations. PTP actual amounts are calculated by the formula : Granted Capacity * Rate * Duration. PTP estimated amounts are calculated by the formula: Reserved Capacity * Rate * Duration. NITS estimated amounts are calculated by the formula: Control Area Peak Load * Customer Percentage. Standard formulas are used to estimate Control Area Peak Load and Customer Percentage. 22

35 Take Away : There are two types of Transmission Settlements Disputes: 1) Statement or Invoice Disputes and 2) Revenue Disputes. All Transmission Disputes are between MISO and Transmission Customers or between MISO and Transmission or Generation Resource Owners. Speaker Notes: There are two types of Transmission Settlements Disputes: 1) Statement or Invoice Disputes and 2) Revenue Disputes. All Transmission Disputes are between MISO and Transmission Customers or between MISO and Transmission or Generation Resource Owners. Statement or Invoice Disputes occur between Transmission Customers and MISO. They are Disputes that relate to Charges on Statements or Invoices. Revenue Disputes relate to the revenue distribution methodology. Revenue Disputes are between MISO and Transmission Owners or Generation Owners. Customers must submit a Day 1 Transmission Settlements Billing Dispute Identification Questionnaire within 90 Business Days of the Invoice Date or it will be rejected. Settlement Disputes are resolved by the MISO Transmission Settlements Personnel 23

36 with oversight of MISO Legal. 23

37 Take Away : Disputes are initiated by completing an Identification Questionnaire and forwarding to via to : BillingDisputes@misoenergy.org. Speaker Notes: Disputes are initiated by completing an Identification Questionnaire and forwarding to via to : BillingDisputes@misoenergy.org. The form collects information needed by MISO Transmission Settlements personnel to review the dispute and verify claims. All information is confidential and only discussed with the entities involved. Notification is sent to participants if the Dispute is not resolved within 30 Days. MISO also provides an estimate of completion. Once MISO determines a Dispute is resolved, Participants are notified. Participants may not agree with the outcome. Participants may then initiate the EMT Attachment HH Appeal Process. 24

38 Key Take Away : The SSAE 16 Audit contains controls and audit activities to ensure compliance with Transmission Settlements requirements specified in the EMT. Speaker Notes: Acronyms on this slide: SAE 16 Statement on Standards for Attestation Engagements No. 16 The SSAE 16 Audit contains controls and audit activities to ensure compliance with Transmission Settlements requirements specified in the EMT. The Tariff as filed and amended with the FERC governs all Energy and Operating Reserve Markets Operations and Administration. The MISO Transmission Settlements department establishes Business Practices and Procedures to ensure that all settlement processes, charge calculations, dispute procedures, mitigation measures, and any other Transmission Settlement requirements specified in the Tariff are implemented. Controls are established and audits (SSAE 16) are conducted to ensure compliance with all Transmission Settlements Tariff specifications. Participants may request a copy of the Annual Audit Report by completing a nondisclosure agreement. There is also an annual conference call to discuss the next year s audit. Participants can propose new controls and scope changes for group discussion, 25

39 consensus and implementation. Costs of implementing scope changes are also evaluated and discussed by the participant group. 25

40 Key Take Away : The nature of Transmission Settlements does not require significant testing since the majority of transactions are entered through the MISO OASIS. Speaker Notes: Acronyms on this slide: FTP File Transfer Protocol MP Files Files containing Monthly Peak information SP Files Files containing pass through billing information at the request of Transmission Owners The nature of Transmission Settlements does not require significant testing since the majority of transactions are entered through the MISO OASIS. Activities include: Access MISO FTP site to prepare for sending Market Participant SP files from Transmission Owners. Access MISO FTP site to prepare for sending Market Participant Monthly Peak (MP) files from Transmission Owners. Review Subject Business Practices Manuals. Contact Client Service Representatives for questions and support. Attend Transmission Settlements Training Programs. New Market Participants can access the MISO FTP site and retrieve a test 26

41 Statement to ensure that they will be able to receive and retrieve their Statements. There are options for new participants to learn more about Transmission Settlements through attending training, perusing the applicable Business Practices Manuals (BPMs) and discussing questions with MISO Client Representatives. 26

42 Take Away : There are 24 charges that are collected in reference to 2011 Transmission Settlements. Speaker Notes: There are 24 charges that are collected in reference to 2011Transmission Settlements. Transmission Settlements Level 2 and 3 programs include calculation specifics and charge and revenue distribution information. 27

43 Take Away : There are 24 charges that are collected in reference to 2011 Transmission Settlements. Speaker Notes: There are 24 charges that are collected in reference to 2011 Transmission Settlements. Transmission Settlements 201 and 301 programs include calculation specifics and charge and revenue distribution information. 28

44 Take Away : There are 3 new Schedules in effect beginning January 1 st, Speaker Notes: There are 3 new Schedules in effect beginning January 1 st, Schedule 10-G: MISO Alternate Administrative Cost Adder Schedule 26-A: Multi-Value Project Usage Rate (MUR) Schedule 38 : MTEP Project Recovery for Duke Energy Ohio (DEO) and Duke Energy Kentucky (DEK). 29

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