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Hibbing PUC authorizes sale of excess MISO zonal resource credits, projects $1–2M revenue
Summary
Commissioners authorized staff to execute a MISO zonal resource credit confirmation with Wright-Hennepin Electric Co-op covering planning years 2026–27 and 2027–28, estimating $1 million to $2 million in revenue to begin accruing in late 2026.
The Hibbing Public Utilities Commission authorized staff Nov. 18 to execute a MISO zonal resource credit confirmation to sell portions of its excess capacity credits to Wright-Hennepin Electric Co-op for upcoming MISO planning periods.
Mr. Peterson said the utility can supply excess capacity (around 15 megawatts at times) and expects the transaction to begin producing revenue in the latter half of 2026. He estimated total revenue from the sale in the planning periods to be between $1 million and $2 million, but cautioned the revenue is contingent on MISO accreditation and confirmation processes.
‘‘Total estimated revenue back to us is between $1,000,000 to $2,000,000 and that would start taking effect toward the later half of 2026,’’ Peterson said.
Commissioners authorized the sale by voice vote; staff indicated the revenue is not yet included in the budget because MISO confirmations remain pending.
