Currently, Trans-Elect
is engaged in developing projects in the Northeast,
the Rocky
Mountain States, and the Southwest
in partnerships currently in formation with
investor-owned
utilities, a California municipality and generation
developers to build
new electric transmission
lines.
The United States
is coming out of a twenty-five year period of
underinvestment in its
electric transmission
grid. In fact, with the growth in demand for electricity,
the United
States has experienced a disinvestment
in the grid that has reached dangerous
proportions.
Many existing electric generating plants are constrained
by the lack of
transmission along with new
facilities stymied by the absence of transmission.
This
reality is now widely accepted by Federal
and state regulators and the
climate is positive
for the electric industry to build and expand
the transmission grid.
As the pioneer
in independent transmission and now industry leader,
Trans-Elect is well
positioned to create significant
value in the electric transmission field. The
Trans-Elect
team has experience, demonstrated
innovation and is positioned to successfully build
partnerships
that will result in hundreds of miles of new transmission
development
throughout the United States.
Trans-elect plans to develop
new transmission projects for independent power
producers including wind, coal, and hydro/pump
storage in two ways. First, in partnership with
integrated utilities utilizing the FERC authorized
passive ownership model with Trans-Elect serving
as the majority independent transmission company
that enables utilities to meet their system expansion
needs with less equity and earn higher returns.
Secondly, in partnership with government-related
entities such as state authorized infrastructure
authorities, municipal utilities and public power
transmission organization.