in News Departments > Projects & Contracts
print the content item

Columbus, Ohio-based American Electric Power (AEP) has formed a joint venture company with a subsidiary of Des Moines, Iowa-based MidAmerican Energy Holdings Co. to build and own electric transmission assets.

The joint venture, called Electric Transmission America LLC (ETA), will be a 50-50 partnership to identify and invest in high-voltage transmission projects (345-kV or higher) located in North America outside of the Electric Reliability Council of Texas (ERCOT) territory, according to the companies.

AEP and MidAmerican previously agreed to collaborate on transmission expansion in ERCOT through a joint venture agreement announced in November 2006 to form Electric Transmission Texas (ETT). The companies expect that joint venture to be formalized this fall after ETT receives approval from the Public Utility Commission of Texas to operate as a utility.

Through ETA, AEP and MidAmerican intend to invest in transmission projects with a cost of at least $100 million or more. The companies hope to identify and initiate the approval process for the first ETA project during the first half of 2008.


Trachte Inc._id1770
Latest Top Stories

Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?


GE Blade Crashes At Mehoopany Wind Farm In Pennsylvania

The turbine manufacturer says the Nov. 2 incident is "isolated and unrelated" when compared to earlier blade issues.

BG 2015DblBox_id2032
Hybrid Energy Innovations 2015
Renewable NRG_id1934