ITC Holdings (NYSE:ITC) and Entergy (NYSE:ETR) on Feb. 14 filed with the Missouri Public Service Commission (PSC) for approval of ITC’s acquisition of Entergy’s transmission assets (Case No. EO-2013-0396).
The companies requested regulatory approval of the transaction by May, in time for transaction close by June 30.
The only other regulatory filing ITC and Entergy have to make is now with the Public Utilities Commission of Texas, which they anticipate making in the “near future,” according to an 8-K. They have filed for approval with the Louisiana PSC, Arkansas PSC, New Orleans City Council, Mississippi PSC and FERC.
The Missouri approval request was filed by subsidiaries Entergy Arkansas, Transmission Company Arkansas, ITC Midsouth and Mid South Transco. According to the filing, TC Arkansas, an Entergy subsidiary, will become a subsidiary of Mid South TransCo, and Mid South TransCo will be spun off to Entergy shareholders and then merged with ITC Midsouth. TC Arkansas will own and operate Entergy Arkansas’ transmission assets that are located in Missouri and Arkansas. After the transaction is complete, TC Arkansas will change its name to ITC Arkansas
Entergy Arkansas has limited transmission and distribution facilities in Missouri, owning about 90 miles of transmission, the companies said. Entergy Arkansas does not have retail customers in Missouri.
The transmission facilities for transfer to ITC include:
- the 27-mile, 161-kV Hayti South to Jim Hill line (No. 601)
- the 0.6-mile, 161-kV Hayti South to Hayti North line (No. 601.1)
- the 28-mile, 161-kV Hayti South to AECI New Madrid SES line (No. 603)
- the 21-mile, 161-kV Blytheville I-55 to Hayti South line (No. 701/602)
- the 14-mile, 161-kV AECC Rector North to Jim Hill line (No. 706/600)
- the 10-mile, 161-kV Texas Eastern Pumping Station #8 to Jim Hill line (No. 713/608)
- the 1-mile, 69-kV Thayer South to Thayer North line (No. 609)
- the 9-mile, 161-kV AEC Mammoth Spring to Thayer South line (No. 612/613)
- the 15-mile, 161-kV Omaha SS to Ozark Beach line (No. 907.4)
The substation facilities include Hayti South, Jim Hill, Thayer South and Thayer North.
ITC and Entergy announced the transaction on Dec. 5, 2011. The acquisition will add 28,000 MW of load to ITC’s existing 26,000 MW, making it the largest load-serving transmission company in the United States, and add 15,700 miles to its 15,100 miles of transmission lines, making it the second largest transmission company on a miles-served basis, ITC CEO Joe Welch said at the time.