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US Midwest a step closer to wholesale power market

After several delays, the Midwest wholesale power market might now be on course for launch next March. The Midwest independent transmission system operator (Miso) today announced the creation of three financial hubs for the wholesale trading of electricity in the Miso energy markets. Those markets are now scheduled to start on March 1, 2005.

    • Joe Marsh
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Miso stakeholders approved the creation of the Miso Cinergy hub, the Miso Michigan hub and the Miso Illinois hub at an October 20 meeting in Carmel, Indiana. The hope is that the hubs will allow for a smooth transition to market operations, said Ron McNamara, chief economist and vice-president for regulatory affairs at Miso.

The hubs allow market participants to transfer from their existing bilateral contracts in ways that better reflect the day-ahead and real-time energy markets based on

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