Republic Transmission LLC – which has been selected through the Midcontinent ISO’s (MISO) competitive developer selection process to develop the Duff-Coleman Extra High Voltage (EHV) 345-kV competitive transmission project in southern Indiana and western Kentucky – on March 6 filed a verified petition with the Indiana Utility Regulatory Commission, seeking authority to operate as a public utility, as well as a finding that it is a new electric transmission owner under Indiana Code.
Republic Transmission is also seeking, among other things:
- Authorization to exercise all rights and privileges of a public utility as accorded by Indiana law, including the right to exercise eminent domain
- A determination that the commission should decline to exercise certain aspects of its jurisdiction over Republic Transmission with respect to, for instance, long-term financings, as well as its approval authority over reorganization and the purchase or sale of facilities, including a purchase or sale related to reorganization within the LS Power Group
- Authorization for Republic Transmission to maintain its books and records outside of Indiana; Republic Transmission intends to maintain its books and records at its principal office in East Brunswick, N.J.
- Authorization for Republic Transmission to transfer functional control of assets to an applicable RTO
Republic Transmission is a fully owned subsidiary of Republic Transmission Holdings, LLC (RT Holdings), which is a fully owned subsidiary of LS Power Associates, L.P. The petition also noted that Republic Transmission and Hoosier Energy Rural Electric Cooperative Inc., have a memorandum of understanding and are finalizing an agreement under which Hoosier Energy will acquire 10% of RT Holdings and have an option to purchase an additional 10% of RT Holdings at a future date.
Republic Transmission, which is qualified to do business in Indiana, was organized to build, own, operate, and maintain an electric transmission facility, in whole or in part, in Indiana, the petition said.
The Duff-Coleman project begins at the Duff substation in Dubois County, Ind., and continues south to the Coleman substation in Hancock County, Ky. The petition further noted that Republic Transmission, which will initially own 100% of the project, intends to turn functional control over the project to MISO.
Once all necessary regulatory approvals are attained, Republic Transmission intends to transfer the Kentucky segment of the project to Big Rivers Electric Corporation. As a result, the petition added, Republic Transmission will be a new electric transmission owner and seeks authority to operate as a public utility in Indiana.
LS Power and Hoosier Energy will furnish Republic Transmission all necessary resources, including equity capital, to build, own, operate and maintain an electric transmission facility, the petition said.
Republic Transmission has provided written notice of its request to each incumbent electric transmission owner that may connect its existing transmission facility to Republic Transmission’s new electric transmission facility, which are: Southern Indiana Gas & Electric d/b/a Vectren Energy Delivery of Indiana and Big Rivers Electric Corporation.
The petition also said that since there is a possibility that certain facilities owned by an American Electric Power (NYSE:AEP) company may become interconnected in the future with a portion of the Duff-Coleman project, Republic Transmission also provided written notice of its petition to Indiana Michigan Power and AEP Indiana Michigan Transmission Company.