The $245m line will connect between the existing Greentown substation and a new substation under the name New Reynolds.
Pioneer Transmission’s Greentown-New Reynolds project was designated as one of 17 Multi-Value Projects (MVPs) included in the Midwest ISO (MISO) transmission expansion plan.
These projects will collectively enhance regional power system reliability, improve market efficiency, enable public policy mandates and facilitate the integration of new generation resources.
The engineering, permitting and siting activities for the transmission project is scheduled to commence in 2012.
Pioneer Transmission president Bob Bradish said the project aims to develop a new high-capacity, extra-high-voltage transmission system to meet evolving demand for energy and modernize the electric transmission infrastructure.
The company will construct and own the 765kV New Reynolds substation to handle the interconnection of multiple power line voltages at this location.
Greentown-New Reynolds is part of a larger, 240mile transmission project in Indiana that would extend from Duke Energy’s Greentown substation and terminate at AEP’s Rockport substation near Evansville.
The total cost of the broader project is estimated at $950m, subject to variables including transmission line routing and equipment costs.
