Deregulated markets in MISO would get a three-year forward capacity auction beginning in 2018, under a proposal unveiled by the RTO.

Dynegy and Exelon proposed that MISO Zone 4 procure capacity in three-year forward auctions separate from the rest of the RTO.

FERC has ordered MISO to change the way it conducts capacity auctions beginning with the 2016/17 auction in April.

It’s been 15 years since FERC approved MISO as an RTO and, like a teenager, MISO is experiencing a growth spurt.

MISO stakeholders told the Illinois Commerce Commission (ICC) that the RTO needs to reform its markets to encourage generation development.