Novi, Mich-based ITC Holdings Corp. has developed the Green Power Express, a network of transmission lines that would facilitate the movement of 12,000 MW of power from the wind-abundant areas in the Dakotas, Minnesota and Iowa to Midwest load centers, such as Chicago, southeastern Wisconsin, Minneapolis and other areas that demand renewable energy. This new project addresses the recognized lack of electric transmission infrastructure needed to integrate renewable wind energy.
The Green Power Express transmission project will traverse portions of North Dakota, South Dakota, Minnesota, Iowa, Wisconsin, Illinois and Indiana and will ultimately include approximately 3,000 miles of extra-high-voltage (765 kV) transmission. The entire project is currently estimated to cost approximately $10 billion to 12 billion. Portions of the Green Power Express fall within the service territory of ITC Midwest, an ITC subsidiary.
ITC has been working with many of the Upper Midwest wind developers over the last year in assembling a realistic accounting of their wind development plans and sites, which resulted in the design of the transmission project. As ITC continues to work with wind developers and other local utilities in the region to identify their project needs, there may be additional lines and stations identified that would effectively accumulate the available wind generation within the region.
In support of the Green Power Express, newly created ITC limited partnership Green Power Express has filed an application with the Federal Energy Regulatory Commission requesting approval of a revenue requirement formula and incentives for the construction of the project, including the approval of a regulatory asset for recovery of development expenses that will enable ITC to continue development efforts for the Green Power Express.
SOURCE: ITC Holdings Corp.