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.
Current
Project- TOT3
- The Wyoming Infrastructure
Authority (WIA), an independent entity created
by the State of Wyoming to promote the development
of transmission infrastructure, selected Trans-Elect
in 2005 to be the developer of a new transmission
line.
-
This line is
to carry between 600 and 900 MW over a 250 mile
stretch from east-central Wyoming to Colorado's
Front Range and expected to cost $325 million.
- Trans-Elect will begin
seeking capacity commitments in late 2007-2008.
Trans- Elect invited the U.S. Department of
Energy to join up with the WIA and the invitation
was accepted.
- Long-Standing Transmission constraint on
the CO-WY border
– Capacity limit of 1,600 MW
– 6 transmission lines operated by WAPA
– Lines owned by WAPA, Basin Electric, Tri-State,
Xcel/PSCO +
- One of 3 high-priority projects recommended
by RMATS
– 250 miles @ >$300 mm
- TOT 3 expansion would bring low-cost coal
& wind power to Colorado Front Range
– Substantial savings to customers vs. gas-at-load