Transmission System

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  1. Valley Electric Association to sell its transmission system to GridLiance

    Valley Electric Association Inc. and GridLiance Holdco, L.P., which is backed by Blackstone Energy Partners, an affiliate of Blackstone, said VEA board of directors has approved the sale of VEA’s 230 kV high voltage transmission System to GridLiance. The planned sale now moves to a vote of approval by the VEA members. VEA owns the facilities through its unit Valley Electric Transmission Association. GridLiance plans to acquire the assets through a new transmission company it will form to operate in the Western Interconnection. “This is a great moment for Valley Electric member-owners,” said Thomas H. Husted, CEO for VEA. “With approval from our members, we will be entering into a partnership with one of the country’s foremost transmission companies. That’s the way GridLiance looks at it, too: forming a relationship with our cooperative as they enter the Western markets. There are no downsides to this partnership.” VEA joined the California Independent System Operator Corporation in 2013, placing the HVTS in the California market and under California ISO 's regional tariff. In addition to optimizing the 230 kV transmission system economically, joining California ISO created enhanced opportunities for renewable generation in VEA’s service territory. In May of 2016, VEA issued a request for proposals to sell the HVTS, comprising approximately 160 miles of 230 kV transmission lines and related substation equipment. Multiple companies submitted formal bids, and two finalists were further evaluated by the VEA Board before they selected GridLiance as the successful bidder. GridLiance will pay net book value for the assets, assume outstanding debt, and provide additional value that brings the total consideration to over $200 million. VEA and GridLiance are currently working together on an exclusive basis to finalize the definitive agreements, which are expected to be signed within the next few weeks. Under the agreement, GridLiance will use VEA long-term to operate, maintain and manage the system – preserving local jobs and ensuring that the relationships and experience VEA staff have developed will continue to benefit the high voltage transmission system. The acquisition will not affect the remaining transmission distribution facilities owned by VEA.

    Online Articles

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    Fri, 16 Sep 2016

  2. NextEra develops 16.2 MW battery project at Wyman plant in Maine

    The target in-service date for the storage project is Nov. 30, 2016

    Online Articles

    Online Articles

    Wed, 21 Sep 2016

  3. Pakistan gets $810m financing deal to boost T&D

    The Asian Development Bank has approved an $810m financing facility to develop Pakistan's power transmission system .

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    Fri, 9 Sep 2016

  4. E.ON wins ‘milestone’ UK battery storage deal

    E.ON has won a contract with UK transmission system operator National Grid to supply a 10 MW battery energy storage system.

    Online Articles

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    Tue, 13 Sep 2016

  1. Company to assess Yamal-Nenets gas fields

    Online Articles

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    Tue, 6 Sep 2016

  2. Xcel Energy plans $400 million Texas, New Mexico transmission line

    Xcel Energy plans to build a 345-kV power line between Texas and New Mexico to extend its electrical transmission system  

    Online Articles

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    Wed, 22 Jun 2016

  3. NYISO, utilities talk about transmission need in New York

    As noted in NYISO’s comments, in accordance with the planning process developed in compliance with FERC Order 1000

    Online Articles

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    Mon, 15 Aug 2016

  4. PSE&G puts transmission upgrade into service

    Public Service Electric and Gas (PSE&G) has placed in service the $125 million Sewaren–Metuchen 230-kV Conversion Project 

    Online Articles

    Online Articles

    Mon, 22 Aug 2016

  5. Volcan subsidiary commissions 20-MW Rucuy small hydroelectric plant in Peru

    The 20-MW Rucuy (or Ruckuy) small hydroelectric plant is now operating in the Lima region of Peru, according to grid operator COES.

    Online Articles

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    Mon, 15 Aug 2016

  6. Dominion proposes $52 million transmission rebuild in Virginia

    The company said that the in-service date for the proposed rebuild project is December 2018, and its estimated cost is about $52.9 million

    Online Articles

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    Wed, 24 Aug 2016

  7. California PUC Considers Cold Layup Plan for Calpine's Sutter Power Plant

    Plant not expected to be needed in 2016 or 2017.

    Online Articles

    Online Articles

    Mon, 15 Aug 2016

  8. FERC OKs Power Asset Side of Alcoa Reorganization Plan

    Power lines and plants being transferred to a new company.

    Online Articles

    Online Articles

    Wed, 24 Aug 2016

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