Duke Energy, American Transmission Co. Form JV

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

DATC has begun identifying opportunities to build, own and operate new transmission projects that meet potential customers' capacity and voltage requirements. The joint venture will own all of the transmission assets it builds and operates, and equity ownership will be split equally between Duke Energy and ATC.

The joint venture will operate as a transmission utility; therefore, it will be subject to the rules and regulations of the Federal Energy Regulatory Commission, the Midwest Independent Transmission System Operator, PJM Interconnection and various other independent system operators. Per the structure of their new joint venture, Duke Energy and ATC may continue to develop transmission projects independently.

SOURCES: Duke Energy

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