TRANSLink Management Development Co. announced that upon the direction of the participant utilities, formation of the proposed TRANSLink Transmission Co. has been suspended.

“TRANSLink utility participants asked the board and management last week to put all development and operational activities on hold due to continued regulatory and market uncertainty,” said Audrey Zibelman, president and CEO. “Since the transmission operating agreements with the utility owners were the foundation of our business proposal, the board decided to proceed with dissolution of the interim management development company.

The TRANSLink board also voiced its appreciation for management. Said board co-chair Julian Brix: “The board is convinced that the TRANSLink independent transmission company model has the opportunity to bring considerable value to electric customers. While we are certainly disappointed in the outcome, we appreciate the fact that the participants continue to want to have the opportunity to form an ITC once there is greater regulatory and industry clarity.”

Plans had called for TRANSLink to operate and own electric transmission systems in portions of Colorado, Illinois, Iowa, Kansas, Michigan, Minnesota, Nebraska, New Mexico, North Dakota, Oklahoma, South Dakota, Texas and Wisconsin.
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