MISO terminates agreements with wind project developer

The Midcontinent ISO on Nov. 26 filed with the Federal Energy Regulatory Commission a request to terminate the Market Participant Agreement (MP Agreement) and two Transmission Service Agreements between MISO and Rattlesnake Creek Wind Project LLC.

“On Wednesday, November 19, 2014, MISO delivered to Rattlesnake Creek a margin call requiring it to provide additional financial assurances by November 21, 2014, for two confirmed, Long-Term Firm Point-to-Point transmission service reservations in the amount of 200 MW each, both of which were scheduled to commence on December 1, 2014,” said MISO. “Rattlesnake Creek did not provide the necessary financial assurances and on November 24, 2014, MISO provided to Rattlesnake Creek and submitted to the Commission a Notice of Suspension of Services, pursuant to section 7.14(a)(2) of the Tariff.

“The Notice stated that Rattlesnake Creek failed to cure a Total Potential Exposure violation and, as a result, effective November 26, 2014, MISO is suspending all services under its Service Agreements, MP Agreement, and any other agreements. Additionally, the Notice also stated that MISO will file with FERC to terminate Rattlesnake Creek’s MP Agreement, also effective November 26, 2014.

“In addition to the termination of Rattlesnake Creek’s MP Agreement, Rattlesnake Creek has two Transmission Service Agreements that currently are on file with the Commission that must be cancelled as a result of the Default. As of December 19, 2103, MISO succeeded [Entergy Services Inc.], the agent for the Entergy Operating Companies, as the Transmission Provider under these transmission service agreements. These agreements, designated as Service Agreement Numbers 847 and 852, were filed with the Commission during the Notice of Succession filing submitted by MISO in anticipation of the integration of the Entergy Operating Companies. Based on the Tariff and the Default provisions contained therein, by this filing, MISO is cancelling these two Transmission Service Agreements.”

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.