Pinnacle West Venture Selected by U.S. Energy Department for Negotiations of Transmission Line
October 30 2023 - 1:58PM
Dow Jones News
By Denny Jacob
A joint venture between a Pinnacle West Capital subsidiary and
BHE U.S. Transmission was selected by the Department of Energy's
Grid Deployment Office to enter capacity contract negotiations for
a transmission line.
The Energy Department selected TransCanyon for the Cross-Tie
500-kilvolt transmission line as part of the transmission
facilitation program.
"Cross-Tie is a proposed 214-mile transmission line connecting
Utah and Nevada to increase transmission capacity and improve grid
reliability and resilience, relieve congestion on other key
transmission lines, and expand access to renewable energy across
the region," said Ed Rihn, chief executive of BHE U.S.
Transmission.
The project is expected to generate more than 2,400 full-time
jobs and a combined $9.1 million a year for the region through
project development income taxes, the companies said.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
October 30, 2023 14:43 ET (18:43 GMT)
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