ALSTOM Team Attains Major Milestone as Midwest ISO Prepares to Go Online; 45-Day Market Trial the First Step Toward Meeting December Operating Goal.Business/Energy Editors & Energy Reporters BELLEVUE, Wash.--(BUSINESS WIRE)--Sept. 5, 2001 ALSTOM (NYSE NYSE See: New York Stock Exchange :ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. ), today announced that the Indiana-based Midwest Independent System Operator (MISO) has taken the initial step prior to "going live" as the first operational regional transmission system in the Midwest with the launch of a 45-day market trial. ALSTOM is the prime contractor on the $47 million USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. project, which will enable MISO to reliably operate the largest and lowest-cost electric transmission grid in the United States. Upon project completion MISO will become the largest Federal Energy Regulatory Commission The Federal Energy Regulatory Commission (FERC) is the United States federal agency with jurisdiction over electricity sales, wholesale electric rates, hydroelectric licensing, natural gas pricing, and oil pipeline rates. (FERC FERC Federal Energy Regulatory Commission FERC FEMA Emergency Response Capability )-approved Independent System Operator in the United States. "A successful market trial will demonstrate the ability of the not-for-profit consortium of transmission companies to meet its December 2001 goal of operating as an integrated system that works across multiple corporate interfaces," said Norris Peterson, MISO Project Director for ALSTOM ESCA ESCA Electron Spectroscopy for Chemical Analysis ESCA Escaflowne (anime series) ESCA European Speech Communication Association ESCA Escuela Superior de Comercio y Administración (México) , the Energy Management and Markets Business Unit of ALSTOM. This new system will make it possible for MISO to match energy demand with available transmission capacity -- through the use of congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. management techniques -- thereby ensuring the reliable delivery of power. Additionally, through the use of the Internet and web-based forms, market participants can quickly and easily enter the marketplace. When implemented, this new system will be capable of managing the entire financial cycle, ensuring accurate cash flow from the user of the grid to the owner of the grid. About Midwest ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. Midwest ISO is the nation's largest independent transmission system operator, servicing more than 255,000 square miles of electrical needs from Ohio to the upper Midwest. Utilities with more than 52,000 miles of transmission lines, 78,000 megawatts of electric generation, and nearly $8 billion in installed assets are participating in the Midwest ISO. The 14 transmission owners who have signed the MISO agreement are Alliant Energy, Ameren, CILCO CILCO Central Illinois Light Company , Cinergy, Commonwealth Edison, Hoosier Energy Rural Electric Cooperative, Illinois Power, LG&E Corporation, Madison Gas & Electric, Northern States Power, Southern Illinois Power Cooperative, Southern Indiana Gas & Electric, Wabash Valley Power Wabash Valley Power Association is based in Indianapolis, IN. They buy electric power on behalf of their members, mostly rural electric cooperatives. They are a non-profit company. Association, and Wisconsin Electric. About ALSTOM ALSTOM is the global specialist in energy and transport infrastructure. The Company serves the energy market through its activities in the fields of power generation, power transmission and distribution, and power conversion; and the transport market through its activities in high-speed rail, urban transit systems, cruise ships, and other marine vessels. Following the sale of its electrical contracting activity, finalized on July 20, 2001, ALSTOM has annual sales in excess of $20 billion and employs 120,000 people in over 70 countries. The Company is listed on the Paris, London, and New York stock exchanges. In the United States, ALSTOM employs more than 7,000 people and has annual sales exceeding $4 billion. http://www.alstom.com ALSTOM's Energy Management and Markets Business unit, ALSTOM ESCA, is based in Bellevue, Washington USA. A leading supplier of Energy and Information Technology and Solutions, ALSTOM ESCA pioneered the development of product-based, real-time control systems for electric utilities and markets its products to the energy industry as well as other industries worldwide. http://www.esca.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion