The Midcontinent ISO in 2018 selected the NextEra unit to build the Hartburg-Sabine line through the grid operator's FERC Order 1000 competitive solicitation process, but NextEra said the law will result in it being barred from obtaining a certificate of convenience and necessity for the project from state regulators because it does not already operate in Texas. CARMEL, Ind. Click Here >>. In some cases, you can identify the forward-looking statements by words or phrases such as "will," "may result," "expect," "anticipate," "believe," "intend," "plan," "seek," "potential," "projection," "forecast," "predict," "goals," "target," "outlook," "should," "would" or similar words or expressions. The report added that NextEra’s cost recovery caps include: NextEra’s selected proposal excelled in its transmission line and substation design, the report said, noting that the proposal offers, for instance a double-breaker, double-bus arrangement for the 230-kV bus in the new Stonewood substation, the highest-capacity transformer bank, as well as balanced environmental risks and mitigation in transmission line and substation design. latest-news-headlines NextEra Energy Transmission delivers industry-leading transmission planning, engineering, procurement, construction, and operations expertise to customers and partners across North America. The court also rejected claims that the law results in a violation of the Constitution's Contracts Clause, noting that under the terms of NextEra's agreement with MISO, the utility's contractual right to build the Hartburg-Sabine transmission line is subject to receiving approval from agencies such as the Public Utility Commission of Texas. "GridLiance partners with electric cooperatives and public power utilities to enhance transmission system reliability and is well positioned to benefit from the substantial expected renewables growth over the coming years," said Jim Robo, chairman and CEO of NextEra Energy. We keep your data private and do not share your data with third parties. Please contact your professors, library, or administrative staff to receive your student login. The MISO board of directors approved the Market Efficiency Project in February as part of the regional transmission operator’s Transmission Expansion Plan for 2017. MISO used the established criteria and competitive selection process to evaluate proposals, ultimately to select the developer. NextEra’s selected proposal earned a total score of 97 out of a possible 100 points, the report added, noting that all other proposals scored between 40 and 95 points. "This partnership was created with the customer in mind. As North America's No. Among other things, the report said that NextEra’s selected proposal featured, for instance, hurricane preparedness and response plans developed and tested over time; well-supported testing, switching, and predictive maintenance programs; and access to sample spare parts, with a spare 500/230-kV transformer, a spare 500-kV breaker, and a spare 230-kV breaker located at the Stonewood substation site. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. Other companies were considered; however, Valmont was the clear choice with similar operations, quality, values and a sense of mutual trust. However, competition has not been fully embraced in all organized energy markets. We apologize for any inconvenience this may cause. Copyright © document.write(new Date().getFullYear()) NextEra Energy, Inc. All rights reserved. Texas' right-of-first-refusal law is not the first to be upheld by a federal district court in the wake of FERC Order 1000. Market Intelligence For instance, Trent Carlson, senior vice president of regulatory and corporate service at GridLiance GP LLC, testified that stakeholders need to consider "what is being left on the table in terms of lost opportunity and missed value that could have been directly delivered to transmission customers." Thank you for your interest in S&P Global Market Intelligence! Hartburg-Sabine is MISO’s second project after the Duff-Coleman project to undergo competitive selection, a process established by Order 1000 of the Federal Energy Regulatory Commission. CARMEL, Ind. Mark Prohaska, a NextEra Energy employee, jumped into action when he saw a way to help. "Indeed, most incumbent providers in Texas are owned by out-of-state companies, and [the law] allows out-of-state providers a means to enter the Texas market for transmission services by buying a Texas utility," Yeakel said. However, those against the bill testified that it would eliminate competition and thus competitive transmission build-out costs. The complete selection report for the project is available on MISO’s Competitive Transmission webpage. Judge dismisses NextEra challenge to Texas right-of-first-refusal law, Q2: U.S. NEET is an industry pioneer. Together, the two companies aim to offer North American utilities and EPC firms the design and supply of lattice transmission structures for large-scale projects. In this case, Yeakel said, the law "does not purport to regulate the transmission of electricity in interstate commerce; it regulates only the construction and operation of transmission lines and facilities within Texas." — NextEra Energy Transmission Midwest LLC has been selected as developer for the new Hartburg-Sabine Junction 500-kV project in East Texas, the Midcontinent Independent System Operator announced today.

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