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. Through this experience, BHE U.S. Transmission is able to provide 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.
Electric Transmission Texas has developed and constructed more than $1.5 billion of transmission projects within the Electric Reliability Council of Texas, Inc. as part of that state's Competitive Renewable Energy Zone plan. Electric Transmission Texas, formed in 2007, is a joint venture between American Electric Power Company and Berkshire Hathaway Energy Company. As of year-end 2013, net property plant and equipment was $2.2 billion compared to $1.8 billion in 2012; $1.1 billion in 2011; and $530 million in 2010. At year-end 2013, Electric Transmission Texas' transmission system included more than 460 miles of 345-kilovot transmission and 19 substations.
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, approximately two years earlier than required by the California ISO.
BHE U.S. Transmission continues to evaluate development opportunities in evolving competitive markets either through joint ventures or on a stand-alone basis.
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.
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.