This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

PUCT Approves ETT And Sharyland Application For Cross Valley 345-kV Transmission Line From North Edinburg To Loma Alta

Stocks in this article: AEP

AUSTIN, Texas, March 31, 2014 /PRNewswire/ -- The Public Utility Commission of Texas (PUCT) on March 27 unanimously approved an application by Electric Transmission Texas, LLC (ETT) and Sharyland Utilities, L.P. (Sharyland) to build a 345-kilovolt (kV) transmission line from a substation northwest of the city of Edinburg to a substation located east of the city of Brownsville.  The cost of the project is estimated to total $309 million and is expected to be completed during the summer of 2016.    

The PUCT commissioners approved construction of the new approximately 96-mile line that would extend from the existing AEP Texas Central Company North Edinburg Substation to the existing Brownsville Public Utilities Board Loma Alta Substation located near the Brownsville Ship Channel.  The western half of the line will be constructed, owned and operated by ETT, while the eastern half will be constructed and operated by Sharyland Utilities, L.P.  The midpoint is approximately one mile east of the Hidalgo/ Cameron county line.

The approved route runs generally east from the North Edinburg Substation and, after approximately 7.5 miles, turns south continuing past the city of Donna.  Approximately 2 miles north of U.S. Highway 281, the route turns east, roughly paralleling the north side of U.S. Highway 281 until the city of Rangerville, where it turns north-northeast toward the city of San Benito. It then continues east around the northern and eastern sides of Brownsville, ultimately terminating at the Loma Alta Substation.

"When we first filed our joint application in July 2013, we emphasized that this transmission line is needed to ensure continued reliable electric service for the Lower Rio Grande Valley, which is forecast to have continued electrical demand growth," said ETT President Calvin Crowder. "The need has grown since that time, and the Electric Reliability Council of Texas (ERCOT) has determined this project is critical for the reliability of the ERCOT system and, specifically, the Brownsville area."

"This project will not only improve both the reliability and stability of the grid in the Lower Rio Grande Valley, it also will provide a real engine for economic growth in communities throughout the region," said Sharyland President Mark Caskey.  "A reliable, large-scale source of electric power is absolutely critical in attracting new investment and economic development, especially for communities like Brownsville."

ERCOT endorsed the project in January 2012. Since that time, ETT and Sharyland have worked with an experienced routing consultant to perform an environmental assessment and routing analysis for the proposed transmission line. In addition, public input was gathered at jointly hosted public open houses in October 2012 and February 2013.

The application was filed in July 2013 under PUCT Docket No. 41606 – Joint Application of Electric Transmission Texas, LLC and Sharyland Utilities, L.P. to Amend Their Certificates of Convenience and Necessity for the Proposed North Edinburg to Loma Alta Double-Circuit 345 kV Transmission Line in Hidalgo and Cameron Counties, Texas.

More information can be found at www.crossvalleyproject.com.

About Electric Transmission Texas, LLC ETT is a joint venture between subsidiaries of American Electric Power (NYSE: AEP) and MidAmerican Energy Holdings Company.  The joint venture acquires, constructs, owns and operates transmission facilities within ERCOT, primarily in and around the AEP Texas Central Company and AEP Texas North Company service territories. More information about ETT can be found at www.ettexas.com.

AEP, headquartered in Columbus, Ohio, is one of the largest electric utilities in the United States, delivering electricity to more than 5.3 million customers in 11 states. AEP ( www.aep.com) has extensive experience building extra-high-voltage 765-kV transmission lines and owns the nation's largest electricity transmission system, a more than 40,000-mile network that includes 2,100 miles of 765-kV transmission lines, more than all other U.S. transmission systems combined.

With its roots in renewable energy, MidAmerican Energy Holdings Company is a $70 billion portfolio of locally managed businesses that share a vision for the energy future and make steady, sustainable investments to get there. These businesses – PacifiCorp, which includes Pacific Power, Rocky Mountain Power and PacifiCorp Energy; MidAmerican Energy Company; NV Energy, which includes Nevada Power Company and Sierra Pacific Power Company; Northern Powergrid Holdings Company, which includes Northern Powergrid (Northeast) Limited and Northern Powergrid ( Yorkshire) plc; Northern Natural Gas Company; Kern River Gas Transmission Company; MidAmerican Renewables, LLC; MidAmerican Transmission, LLC; and CalEnergy Philippines – deliver safe, reliable service each day to more than 8.4 million electric and gas customers around the world and consistently rank high among energy companies in customer satisfaction. MidAmerican is headquartered in Des Moines, Iowa, U.S.A. Learn more at www.midamerican.com.

About Sharyland Utilities, L.P. Sharyland is a Texas-based public electric utility that is fully regulated by the PUCT.   Its corporate headquarters are located in Dallas, and Sharyland currently serves approximately 50,000 customers in 29 counties throughout Texas.  Sharyland is privately-owned by Hunter L. Hunt and other members of the family of Ray L. Hunt, and is managed by Hunter L. Hunt.  For more information, please visit www.sharyland.com.

SOURCE American Electric Power

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs