FOR IMMEDIATE RELEASE -- August 08, 2013
Contact: Kevin Kelly (573) 751-9300
PSC Issues Decision In Electric Transmission Cases
JEFFERSON CITY---The Missouri Public Service Commission has approved an application authorizing Transource Missouri, LLC (Transource Missouri) to construct, own and maintain two regional, high-voltage electric transmission projects (the Iatan-Nashua 345 kV transmission project and the Sibley-Nebraska City 345 kV transmission project) in northwest Missouri.
According to the application, the two regional transmission projects have been approved by Southwest Power Pool, Inc. (SPP) to provide regional benefits to Missouri and the entire Mid-America region.
“There is a need for the service to be rendered by the Projects based upon studies performed by SPP in 2009 and 2010,” the Commission said. “These studies demonstrated that the Projects will improve electric grid reliability, minimize transmission congestion effects, bring economic benefits to SPP members, and help support public policy goals regarding renewable energy. The studies also demonstrated that the Projects will provide estimated benefits and savings that exceed the Projects’ estimated costs.”
The Commission also noted that Transource Missouri is qualified to construct, finance, own, operate and maintain the Projects given the support by the transmission and related expertise of Kansas City Power & Light Company (KCP&L) and of American Electric Power Company, Inc. (AEP).
In its order, the Commission also approved a request filed by KCP&L and KCP&L Greater Missouri Operations Company to transfer, at cost, certain transmission property including operating rights to Transource Missouri in relation to the Iatan-Nashua and Sibley-Nebraska City transmission projects.
In reaching its decision, the Commission approved agreements which had been reached by parties in the cases.