MISO’s Multi-Value Projects (MVPs) are regional transmission solutions that are eligible for regional/subregional cost sharing and support one or more of the following three goals:
The proposed MVP projects provide benefits in excess of costs throughout the MISO footprint or subregions with project expenses being broadly shared.
MISO BPM-020, Section 7.5 defines the MVP process.
MISO Tariff Attachment FF details cost allocation.
2024: The Long Range Transmission Planning (LRTP) Tranche 2.1 Portfolio includes 24 MVP projects, approved as part of MTEP24 and building upon the foundation of Tranche 1. It develops a 3,631-mile 765 kV backbone to ensure future reliability.
2022: The LRTP Tranche 1 Portfolio includes 18 MVP projects developed as an addendum to MTEP21 and approved in 2022. The portfolio enables reliable and economic energy delivery and addresses future reliability needs resulting from transformational changes in the resource fleet.
2011: The first MVP Portfolio includes 17 projects, all but one of which was completed by 2022.
For MVP construction status and cost updates, refer to the MVP 2011 Dashboard, Tranche 1 Dashboard, and Tranche 2.1 Dashboard.
The MISO tariff requires annual review of all approved MVP portfolios for a period of six years after approval. The reviews update the projected economic, public policy, and quantitative benefits of the approved MVP portfolio to identify potential modifications to the project criteria and cost allocation methodologies for projects to be approved at a future date. These reviews provide an updated view.
MVP reviews do not impact the existing MVP portfolio approval status or cost allocation.
Triennial Reviews: An in-depth analysis performed in years three and six.
Analysis Reports: Business cases and analysis that provide reasoning for MVP portfolios. (See more in the Navigator below.)