Electric Utility Operations

GridLiance to Acquire Transmission Assets from Electric Energy, Inc.

Sept. 11, 2018

Company expands Its national footprint to Illinois.

GridLiance, an independent transmission company, recently signed an agreement to acquire six 161-kV transmission lines that cross the Ohio River and related transmission equipment from Electric Energy, Inc. (EEI) located at the Joppa Generating Station in Illinois.

“This acquisition represents an important milestone for GridLiance and the execution of our strategy to own, operate, and invest in transmission assets,” said Calvin Crowder, president and CEO of GridLiance. “This is our first transaction where we were able to partner with a competitive integrated power company to unlock the value of its existing transmission assets. The transaction allows us to expand our national footprint and provides us with a platform for operating in the Midcontinent Independent System Operator, Inc. (MISO) Regional Transmission Organization.”

The acquisition is expected to close during the second quarter of calendar year 2019, subject to customary federal and state regulatory approvals. Upon close, the six EEI transmission operations employees currently at the site will join GridLiance.

“We look forward to closing the transaction and welcoming the transmission operations employees to GridLiance,” Crowder added.

This is GridLiance’s second announced acquisition in 2018. In July, the company announced that it had entered into a definitive agreement with People’s Electric Cooperative to purchase its transmission assets in Ada, Oklahoma, further expanding its operations in the state.

GridLiance currently owns and operates about 600 miles of transmission lines and related substations nationwide.

About the Author

Amy Fischbach | Amy Fischbach, EUO Contributing Editor

Amy Fischbach is the Field Editor for T&D World magazine and manages the Electric Utility Operations section. She is the host of the Line Life Podcast, which celebrates the grit, courage and inspirational teamwork of the line trade. She also works on the annual Lineworker Supplement and the Vegetation Management Supplement as well as the Lineman Life and Lineman's Rodeo News enewsletters. Amy also covers events such as the Trees & Utilities conference and the International Lineman's Rodeo. She is the past president of the ASBPE Educational Foundation and ASBPE and earned her bachelor's and master's degrees in journalism from Kansas State University. She can be reached at [email protected].