MISO, a regional electric grid operator broke ground Thursday on a more than 60,000-square-foot facility in Eagan's Boulder Lakes Business Park.
MISO, or Midwest Independent Transmission System Operator, plans to complete and occupy the building by February, 2014, according to a press release issued by the company. The facility will eventually serve as a conference center and regional operations hub for the company.
MISO signed a 12-year lease for the building, which will be built on a 4.83-acre site off Lone Oak Road in Eagan. MISO, a regional electrical transmission operator serving 13 states and the Canadian province of Manitoba, plans to move nearly 90 jobs from its current operations center in St. Paul to the new facility in Eagan.
"We chose Eagan after conducting a full review of our current location looking at literally hundreds of factors including cost, infrastructure security, and our desire for a single tenant occupancy space. Eagan came out a clear winner in our decision, reducing our annual operating costs by almost $1 million,” MISO Vice President of Finance Jo Biggers wrote in the press release.
The nonprofit 501(C)(4) organization is governed by an independent Board of Directors and is headquartered in Carmel, Ind.
“MISO is an outstanding addition to Eagan,” Eagan Mayor Mike Maguire said. “MISO continues Eagan’s growing reputation as the city of choice for employees in the high-tech knowledge economy as a great place to live, work and innovate.”