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 ETT, along with subsidiaries of American Electric Power Company, Inc. ("AEP"). ETT owns and operates electric transmission assets in the ERCOT and, as of December 31, 2022, had total assets of $3.5 billion. ETT is regulated by the Public Utility Commission of Texas. A total of $3.5 billion of transmission projects were in-service as of December 31, 2022, with significant projects to be completed in 2023 through 2026. ETT's transmission system includes approximately 1,874 line miles of transmission and 42 substations as of December 31, 2022.
BHE U.S. Transmission indirectly owns a 25% interest in Prairie Wind Transmission, LLC, a joint venture with AEP and Westar Energy, Inc., to build, own and operate a 108-mile, 345 kV transmission project in Kansas. The project cost $158 million 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 May 2020, BHE U.S. Transmission acquired the general partner and limited partner interests in MATL LLP, a U.S based company with 132 line miles in the U.S. of the total 214-mile 230-kV line running from Lethbridge, Alberta, Canada to Great Falls, Montana.
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.