Reliable Energy president responds to OMS-MISO survey results

Submitted

Reliable Energy, Inc. (REI) President Jon Ford issued the following statement in response to the release of the 2024 OMS-MISO Survey. The survey highlights resource adequacy risks and how these risks could grow over time across all seasons without an increased power supply.

According to the results, MISO may experience a resource sufficiency ranging from a 2.7 gigawatt capacity shortfall to a 1.1 gigawatt surplus next summer.

“MISO initially expressed concerns in February in its Reliability Assessment Report regarding power shortages in states such as Indiana. The survey released yesterday presents even more compelling data the state cannot afford to disregard.

“MISO CEO John Bear has warned that Indiana and the 14 other states under MISO’s power supply oversight need to postpone the closure of baseload power plants to meet demand and guarantee a continuous power supply for all residents, particularly during the warm summer months.

“It is the responsibility of the Indiana General Assembly and the next Governor of Indiana to collaborate with our state’s utility regulators in response to MISO’s call to ensure that the state has sufficient power to keep the lights on for all Hoosier families and businesses.”

OMS-MISO Survey Results Summary

The annual OMS-MISO survey results were released on June 20, providing insights into the electric capacity outlook for the 2025-2026 planning year. Here are the key findings:

1. Capacity Deficit: The survey indicates a growing capacity deficit beginning in the specified planning year. Next summer, MISO could experience resource sufficiency ranging from a 2.7 GW capacity shortfall to a 1.1 GW surplus.
2. Resource Management Challenges: To address this, stakeholders need to delay resource retirements, accelerate resource additions, and monitor large load increases. Collaboration among developers, utilities, regulators, and other stakeholders is crucial to ensure a reliable energy supply.
3. New Considerations: The survey now includes considerations for potential large load additions, such as data centers and manufacturing sites. Long-term growth driven by economic development and electrification is also factored in.
4. Collaboration: MISO emphasizes collaboration with state regulators to maintain a safe, reliable, and affordable electricity system. The survey enhances our understanding of resource adequacy.