in News Departments > New & Noteworthy
print the content item

Columbus, Ohio-based American Electric Power (AEP) and Des Moines, Iowa-based MidAmerican Energy Holdings Co. will form a joint venture as Electric Transmission Texas LLC (ETT) to build transmission facilities in Texas. ETT has filed for approval with the Public Utility Commission of Texas to operate as an electric transmission utility in Texas.

The companies have executed a participation agreement creating the framework for ETT to build and own new transmission facilities within the Electric Reliability Council of Texas (ERCOT) when ETT receives regulatory approval and other closing conditions are met. The companies say they anticipate in excess of $1 billion in projects could be included in the new company during the next several years.

Upon receipt of all required regulatory approvals, AEP Utilities, a subsidiary of AEP, and MEHC Texas Transco LLC, a subsidiary of MidAmerican, each will acquire a 50% interest in the joint venture.

Calvin Crowder, former managing director of regional transmission organization and public policy at AEP, was named executive director of ETT, and Crowder likely will be named president of ETT when the joint venture begins operations.

"There is a critical need to expand the Texas electric transmission grid to meet growing energy demands, reduce congestion and support development of the competitive renewable energy zones being established in Texas," says Crowder.



Trachte Inc._id1770
Latest Top Stories

Six Key Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965