in News Departments > FYI
print the content item

American Electric Power (AEP) and MidAmerican Energy Holdings Co. have completed a transaction establishing Electric Transmission Texas LLC (ETT) as a joint venture to build transmission projects within the Electric Reliability Council of Texas (ERCOT).

The joint venture also was approved to operate as a transmission-only utility in ERCOT by the Public Utility Commission of Texas (PUCT). The PUCT order established rates for transmission service for ETT with a 9.96% return on equity, and J. Calvin Crowder will head the entity as president.

In addition, AEP transferred approximately $70 million of assets from AEP Texas Central Co. to ETT, including a 100 MW variable frequency transformer in Laredo that allows power transfer between Mexico and ERCOT.

AEP has identified approximately $1 billion of additional transmission projects within its ERCOT footprint eligible for potential assignment to ETT. The joint venture will evaluate on a case-by-case basis potential future investment in these projects and anticipates identifying the first projects to pursue by the second quarter of 2008. Those projects not pursued by ETT may be built by AEP, independent of the joint venture.


Trachte Inc._id1770
Latest Top Stories

Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.


Five Common Gearbox Failures And How To Identify Them

Wind turbine gearbox failures are a major source of unplanned maintenance costs. An expert explains the most frequent failure modes and offers prevention tips.

JLG_id1900
Acciona_id1907
WomenofWind_id
UEA_id1896
AWEA_id1886
bonfiglioli_id1913