Committed to long-term ownership and acquisition of transmission assets, BHE U.S. Transmission builds upon the significant operational and ownership experience gained by Berkshire Hathaway Energy through its businesses' ownership of existing electric transmission systems. BHE U.S. Transmission draws upon this experience to develop cost-effective, reliable transmission solutions for wholesale customers.
BHE U.S. Transmission's delivery team has developed approximately $1.6 billion of transmission projects at voltages of 345 kilovolts and higher and has extensive experience in traditional utility and stand-alone transmission project development.
BHE U.S. Transmission indirectly owns a 50% interest in Electric Transmission Texas, along with subsidiaries of American Electric Power Company, Inc. Electric Transmission Texas owns and operates electric transmission assets in the Electric Reliability Council of Texas and is regulated by the Public Utility Commission of Texas. Electric Transmission Texas’ transmission system includes approximately 1,000 line miles of transmission and 30 substations and had a total of $2.3 billion of transmission projects in-service as of December 31, 2015, with $0.6 billion of projects forecast to be completed in 2016 through 2019.
In 2013, BHE U.S. Transmission submitted a joint proposal with Pacific Gas and Electric Company into the California ISO's competitive transmission process to develop, construct and own the Central Valley Power Connect transmission project in California. This will be a double-circuit 230 kilovolt transmission line and will extend approximately 60 miles from the Gates substation in Fresno County to the Gregg substation in Madera County. The project was awarded in November 2013 and has a projected in-service date of April 2020.
BHE U.S. Transmission indirectly owns a 25% interest in Prairie Wind Transmission, LLC, a joint venture with American Electric Power and Westar Energy, Inc., to build, own and operate a 108-mile, 345 kV transmission project in Kansas. Construction began in 2012 and was fully placed in-service in November 2014.
In 2014, BHE U.S. Transmission formed TransCanyon LLC, a joint venture with Bright Canyon Energy, a newly formed subsidiary of Pinnacle West Capital Corporation. TransCanyon LLC's purpose is to identify, develop, own and construct electric transmission projects located in the 11 western states comprising the Western Electricity Coordinating Council footprint.
In March 2016, TransCanyon formed a strategic alliance with Pacific Gas & Electric Company to jointly develop transmission opportunities in the California ISO footprint.
In 2015, BHE U.S. Transmission formed multiple joint venture entities with a subsidiary of Westar Energy, Inc. These companies identify, develop, own and construct electric transmission projects located in the Southwest Power Pool and Midcontinent Independent System Operator footprints.
BHE U.S. Transmission continues to evaluate development opportunities in evolving competitive markets either through joint ventures or on a stand-alone basis.
BHE U.S. Transmission has partnered with major entities to own and operate assets in the western U.S. and is exploring opportunities to expand.