UTILITY TO BE WIRE BUILDER

Duke Energy and American Transmission Co. Form Joint Venture to Build Transmission in North America
April 13. 2011 (Duke Energy)

"Duke Energy and American Transmission Co. announced the creation of Duke-American Transmission Co., a joint venture that will build, own and operate new electric transmission infrastructure in North America.

"The companies believe Duke-American Transmission Co. (DATC) is well-positioned to help address increasing demand for affordable, reliable transmission capacity in the United States and Canada. DATC has begun identifying opportunities to build, own and operate new transmission projects that meet potential customers’ capacity and voltage requirements."

What Duke sees: Where there is a need, there is a business opportunity. (click to enlarge)

"DATC will [build, operate and] own all of the transmission assets…Equity ownership of DATC will be split equally between Duke Energy and ATC.

"The joint venture will operate as a transmission utility. As a result, it will be subject to the rules and regulations of the Federal Energy Regulatory Commission, MISO, PJM and various other independent system (grid) operators, as well as any states in which DATC develops projects. Per the structure of their new joint venture, Duke Energy and ATC may continue to develop transmission projects independently…"