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.



Helukabel_id1908
Latest Top Stories

Smart Community Engagement: Twelve Tips Every Wind Developer Should Know

Community engagement helps ensure a project runs smoothly, but it can also save developers money and even lead to a more successful wind industry overall.


Bird Groups Target LEEDCo's Icebreaker Offshore Wind Pilot

Two bird conservation groups that helped halt a wind project earlier this year argue that Lake Erie Energy Development Corp.'s (LEEDCo) 18 MW offshore demo poses a major risk to regional wildlife.


Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


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.

Acciona_id1907
JLG_id1900
WomenofWind_id
UEA_id1896
AWEA_id1886
bonfiglioli_id1913