Odd MISO filings at FERC

Miso-Soup-2

Today I received notice of some sort of odd filings at FERC by MISO… oh, not that type, THIS type, the Midcontinent Independent Service Operator, f/k/a Midwest Independent Transmission Service Operator, type:

MISO-HQ

Here is what they’ve filed:

2014-04-21 Docket No. ER14-1748-000_1 of 2

2014-04-21 Docket No. ER14-1749-000_2 of 2

First, these were both “initial” filings, with docket number blank, and it’s Part 1 of 2 and Part 2 of 2, so I think that the docket numbers may be combined, one or the other eliminated, soon.

What they’re doing is eliminating a trust provision in a Coordinated Agreement between MISO and Manitoba Hydro which contained a trust, and that part of the agreement is being eliminated because JP Morgan has pulled out of being the trustee and they can’t find another trustee.  ???

What’s that about?  I’m presuming there’s a backstory here.  Ideas, anyone?

 

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