According to the company, the first asset is the 230kV Elm Creek substation located near Concordia which provides for interconnection of the Cloud County wind farm. The second asset is a 138kV substation located in eastern Barber County near Medicine Lodge which provides for interconnection of the Flat Ridge wind farm.
Closing the transaction is contingent upon approval from the Kansas Corporation Commission to amend ITC Great Plains’s certificate of public convenience and authority, and from the Federal Energy Regulatory Commission (FERC), to recover the costs of the two substations, said the company.
Carl Huslig, president of ITC Great Plains, said: By acquiring these assets, ITC Great Plains can visualize to build a 21st-century transmission grid in Kansas. Kansas needs a robust energy superhighway to deliver energy throughout the region, and this acquisition positions ITC Great Plains to build transmission projects to meet future energy demands.”
ITC Great Plains was formed in July 2006 as a subsidiary of ITC Grid Development, a wholly-owned subsidiary of ITC Holdings Corp. It is a transmission-only utility which seeks to build a more robust electric transmission system.
