IBJNews

Electric-grid facility in Carmel suffers $11M in damages

Back to TopCommentsE-mailPrintBookmark and Share

A Carmel not-for-profit that monitors the electric grid in 11 states and Canada has revealed to federal regulators that a mechanical failure caused more than $11 million in damages to the high-tech facility.

In a Feb. 7 public filing, the Midwest Independent Transmission System Operator Inc., or MISO, told the Federal Energy Regulatory Commission that the data center became contaminated in September.

MISO said a mechanical failure of an air-handling unit in the facility damaged information technology equipment, in addition to the physical structure of the data center.

The filing provides no further details about the equipment malfunction that caused the contamination, and MISO executives didn’t return phone calls from IBJ seeking comment.

MISO notified FERC of the contamination earlier this month because it’s seeking to recoup a portion of the $11.1 million in damages from customers. Those customers include about 140 independent and municipal power providers that receive electricity from the grid managed by MISO.

MISO specifically is asking FERC for an extension to recover costs from customers until determining how much of the damages will be covered by insurance.

The transmission operator said it is negotiating with its insurance carrier, and the exact amount MISO expects to pass to customers won't be determined until those talks are completed.

Operating since 2001, MISO manages nearly 50,000 miles of electric transmission lines. It disclosed revenue of $319.7 million in 2010 and expenses of $301.6 million.

In December, the not-for-profit unveiled a long-term plan that it said will contribute billions of dollars to the economy and thousands of jobs. MISO is recommending a $6.5 billion investment for 215 new transmission infrastructure projects to improve reliability of its electric grid over the next several years.
 

ADVERTISEMENT

  • Not Buying It
    Sorry, you did not provide all of the information regarding this claim. An operation this size must have a Risk Management Assessment Committee, or the insurance carrier must have created a Risk Assessment Report, or someone dropped the ball. What I am reading is, a plan is underway whereby the failures of a company's management team will be paid for by the general public, after 140 municipal power companies pass on the costs for repair to their consumers. Trust me, the insurance company is going to back away from this mess. Someone dropped the ball, big time.

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

ADVERTISEMENT