Skip to content
Contact
Set Up A Call
  • Blog
  • MISO Settlement System Replacement: Overview & Lessons-Learned
Share this post
Picture of Jeremy Pober

Jeremy Pober

MISO Settlement System Replacement: Overview & Lessons-Learned

August 24, 2018
/
MISO,Settlements and Billing

On April 16th of this year, production settlement statements began to be published from a new settlements system deployed by MISO, which initiated the replacement of its existing system that was at the end of its life cycle. The new platform offers a host of additional benefits to market participants, including:

  • Reduced cost of ownership
  • More easily implemented settlement changes
  • Reduced time to investigate and resolve issues
  • Provision of additional download options for market participants

Future options that may be available with the new system are the ability to query for market data, including data not today available in the settlement statements. Currently, participants download settlement files containing a defined set of market settlement data.

A key focus for MISO in executing this upgrade was to simplify processes and make things easier for its members. Small examples of this were the ISO’s removal of settlement data points that were no longer being used. To minimize the impact of the transition on market participants, MISO kept the settlement statement output in the new system the same as its predecessor.

 

User Testing & Parallel Operations

In March, prior to go-live, sample statements from the new system were published, allowing users to test the loading and processing of the new files. MISO conducted (internal) parallel operations in early April, comparing the statement output between the new and existing systems. During that period, a known issues list was generated that proved to be a valuable reference for market participants and for PCI, which worked closely with our many MISO users to identify issues and ultimately deliver a software update to make the production implementation as seamless as possible.

 

Go Live & Post-Go Live

Overall, the transition to the new settlement system has been smooth and did include a one-week (planned) contingency period during which settlement statements were published from the previous and replacement systems. That, too, proceeded well, and at no time was there a need to shut down the new system and revert to the previous one. As with any project of this scope, there were inevitable “bumps” encountered through the testing and deployment process, so MISO will continue to monitor their documented list of known, lower-priority issues and evaluate any new ones that might come up.

 

Lessons Learned

MISO’s settlements system upgrade experience has already proven to be quite useful for PCI and taught us many lessons that we will be able to leverage when other ISOs engage in similar projects, like those SPP and PJM are planning right now. During MISO’s transition, PCI saw the most impact from the following list of items, many of which – if not all – will be focus areas for future settlement system upgrades in other ISOs.

  • Review as soon as possible the impact of removing settlement data points retired by the ISO
  • Settlement determinants that previously were not in the statement may now be zero, or determinants that were zero may now not be in the statement
  • Settlement determinants may be published in a different order within the settlement files
  • Settlement determinants may be missing in the statement
  • Daily settlement determinants that should have a single daily value have 24 hours of data
  • Settlement flags in the statement with an incorrect value, such as a “false” instead of “no”
Picture of Jeremy Pober

Jeremy Pober

Jeremy Pober is the PCI product owner for the MISO market. Jeremy has over 15 years of experience at PCI implementing and managing software changes for various ISO markets, as well as deploying those software solutions to market participants. Prior to PCI, Jeremy worked for an Oklahoma-based utility, where, as operations manager, he was responsible for managing the Day-Ahead and Real-Time business workflows.

Related blog posts

Loading...
crowd at infocus conference 2025 in the woodlands, texas
Jun 18
Energy Trading and Optimization,Settlements and Billing,US ISO/RTO Markets

How 3 Utilities Built Smarter Dashboards with PCI Insights

power lines
May 30
Our Technology,Settlements and Billing

How One Public Power Utility Transformed Data Insights with PCI Insights

transmission lines
May 07
ETRM,Settlements and Billing,US ISO/RTO Markets

RTC+B Market Trials: How PCI Is Supporting ERCOT Clients Through a Critical Transition

Related press

Loading...
open laptop
Feb 18
About Us,Cybersecurity

PCI Successfully Completes SOC/FISMA Examinations for 2024

Hector Hernandezcortes of PCI Energy Solutions receiving Iberdrola Mexico's prestigious award for Best Supplier in Innovation, Digitalization, and New Technologies at the company’s annual "Allies for the Green Industry" event in 2024
Nov 27
About Us,Customer Success,Mexico,Renewable Energy Trading

PCI Energy Solutions Named Best Supplier in Innovation, Digitalization, & New Technologies by Iberdrola Mexico

Oct 29
Hydrogen

Intermountain Power Agency Expands Hydrogen Storage Tracking Capabilities Using PCI Energy Solutions’ Platform

PCI Energy Solutions

PCI Energy Solutions

Also known as Power Costs, Inc.

Connect with us

U.S. 1+ 405.447.6933

Sales 1+ 405.701.7301

301 David L. Boren Blvd., Suite 2000
Norman, OK 73072

Contact us

We’re Hiring! 

Linkedin Twitter
  • Energy Trading and Optimization
  • ETRM
  • Wholesale Market Participation
  • Portfolio Optimization
  • Settlements and Billing
  • Gas & Fuels Management
  • Generation Outage Management
  • Company Type
  • Utilities
  • Generators
  • Traders
  • Renewable Energy
  • Asset Managers
  • Retailers
  • About
  • About Us
  • Leadership
  • Newsroom
  • Our Technology
  • PCI Insights
  • Cybersecurity
  • AWS Partnership
  • Careers

Subscribe to our newsletter

Subscribe
  • Transmission and Reliability
  • Transmission Outage Management
  • Transmission Scheduling
  • e-Tagging
  • Balancing Authority Operations
  • Energy Accounting
  • Settlements and Billing
  • Sustainable Energy
  • Renewables Trading & Scheduling
  • Energy Storage Optimization & Trading
  • Hydrogen
  • Hydropower
  • Carbon Intensity
  • Markets
  • North America
  • Latinoamerica
  • Europe
  • Australia
  • Thought Leadership
  • Blog
  • Webinars & Events
  • Newsletter
  • Case Studies
  • Customer Portal
  • INFOCUS Conference
  • Product Trainings
  • Product Documentation
  • Issue Tracker

© Power Costs, Inc. 2025 | All Rights Reserved.

  • Privacy Policy
  • Sitemap
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}

[gravityform id=”3″ title=”false” description=”false” ajax=”true”]

Request More Information

[gravityform id=”4″ title=”false” description=”false” ajax=”true”]

[gravityform id="11" title="false" description="false" ajax="true"]
Solutions

Energy Trading and Optimization

  • ETRM
  • Wholesale Market Participation
  • Gas & Fuels Management
  • Portfolio Optimization
  • Settlements and Billing
  • Generation Outage Management
  • ETRM
  • Wholesale Market Participation
  • Gas & Fuels Management
  • Portfolio Optimization
  • Settlements and Billing
  • Generation Outage Management

Transmission and Reliability

  • Transmission Outage Management
  • Transmission Scheduling
  • e-Tagging
  • Balancing Authority Operations
  • Settlements and Billing
  • Energy Accounting
  • Transmission Outage Management
  • Transmission Scheduling
  • e-Tagging
  • Balancing Authority Operations
  • Settlements and Billing
  • Energy Accounting

Sustainable Energy

  • Renewable Energy Trading & Scheduling
  • Energy Storage Optimization & Trading
  • Hydrogen
  • Hydropower
  • Carbon Intensity
  • Renewable Energy Trading & Scheduling
  • Energy Storage Optimization & Trading
  • Hydrogen
  • Hydropower
  • Carbon Intensity

Markets

  • North America
  • Latinoamerica
  • Europe
  • Australia
  • North America
  • Latinoamerica
  • Europe
  • Australia

Resources

Thought Leadership

  • Blog
  • Newsletter
  • Webinars & Events
  • Case Studies
  • ISO/RTO Documentation AI Chatbot
  • Blog
  • Newsletter
  • Webinars & Events
  • Case Studies
  • ISO/RTO Documentation AI Chatbot

Customer Portal

  • INFOCUS Conference 2025 Recap – 2026 Info Coming Soon!
  • Product Trainings
  • Product Documentation
  • Issue Tracker
  • INFOCUS Conference 2025 Recap – 2026 Info Coming Soon!
  • Product Trainings
  • Product Documentation
  • Issue Tracker

About Us

  • About
  • Leadership
  • Newsroom
  • Our Technology
  • PCI Insights
  • Cybersecurity
  • AWS Partnership
  • About
  • Leadership
  • Newsroom
  • Our Technology
  • PCI Insights
  • Cybersecurity
  • AWS Partnership

Careers

Contact Us