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.

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.

Canwea_id1984
Renewable NRG_id1934
Hybrid Energy Innovations 2015
BG 2015DblBox_id2032