GridLiance to buy transmission assets in Missouri, Oklahoma

missouri transmission lines elp

GridLiance Holdco, through its unit South Central MCN, agreed to buy the transmission assets of Oklahoma’s Tri-County Electric Cooperative and the city of Nixa, Missouri.

TCEC’s assets include 410 miles of 69 and 115 kV transmission lines and the related substation infrastructure. Nixa’s transmission assets include a 10 mile, 69 kV transmission line between the city of Springfield and the Southwest Power Administration, as well as five substations and related infrastructure.

Upon close, GridLiance will assume full operational responsibility of the transmission assets, including federal, state and regional compliance requirements.

The transaction is subject to federal regulatory approval and is expected to be completed by the end of the year.

The TCEC and Nixa acquisitions are consistent with GridLiance’s strategy to seek opportunities to acquire and operate existing electric transmission lines and related facilities owned by public power utilities, enabling them to focus on their distribution business and other core obligations.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs