ALLETE, Grid United sign development agreements for advancing new HVDC transmission line in North Dakota and Montana
21 Diciembre 2023 - 5:30AM
Business Wire
North Plains Connector will link three regional
energy markets
ALLETE, Inc. (NYSE:ALE) and North Plains Connector LLC, a
subsidiary of Grid United LLC, this week signed development
agreements for the North Plains Connector project, a new,
approximately 400-mile high-voltage direct-current (HVDC)
transmission line from central North Dakota to Colstrip,
Montana.
The agreements outline each company’s roles and responsibilities
as development of the North Plains Connector accelerates. ALLETE
and Grid United had previously signed a memorandum of understanding
in January 2023 to explore development opportunities for the North
Plains Connector.
The North Plains Connector will be the nation’s first HVDC
transmission connection between three regional U.S. electric energy
markets—the Midcontinent Independent System Operator, the Western
Interconnection and the Southwest Power Pool. Open to all sources
of electric generation, the project will create 3,000 megawatts of
transfer capacity across all three energy markets, easing
congestion on the transmission system, increasing resiliency and
reliability, and enabling fast sharing of energy resources across a
vast area with diverse weather patterns.
“The North Plains Connector is a much-needed link for a
resilient and reliable energy grid from the Pacific coast to the
Upper Midwest to support the clean-energy future,” said ALLETE
Chair, President and CEO Bethany Owen. “Since signing the
memorandum of understanding with Grid United in January, we’ve been
impressed by their dedicated and thoughtful work on this project.
These agreements cement our relationship with Grid United and
provide a strong foundation as we pursue this major transmission
investment, part of our ‘Sustainability-in-Action’ growth strategy
at ALLETE, and we look forward to working collaboratively with
others to bring this important project to fruition.”
The project represents an approximately $3.2 billion investment
in Montana and North Dakota and will be a long-term energy
infrastructure asset for those states. Connecting the North Dakota
and Montana grids will help mitigate the impact of extreme weather
events and accommodate the growing demand for electricity. ALLETE
expects to pursue up to 35% ownership and would oversee the line’s
operation.
“We are excited to move the North Plains Connector forward with
ALLETE, which brings considerable transmission expertise and
experience to this important project,” said Grid United CEO Michael
Skelly. “Connecting regional energy markets through new HVDC
transmission lines is a critical need as more energy sources are
brought online. This project will safeguard resilience and
reliability across a wide area of the country by moving electricity
from where it is generated to where it is needed.”
Grid United has been engaging landowners and regional
stakeholders throughout 2023 to refine and study the proposed route
for the North Plains Connector to support the permitting and
development activities ahead. The companies will work together on
development activities and an in-service date as early as 2029,
pending regulatory and other necessary approvals. For more project
information, visit northplainsconnector.com.
Grid United is an independent transmission company aiming to
develop next-generation energy infrastructure to create a more
resilient and efficient electric system to the benefit of all
consumers. For more information, visit www.gridunited.com. Media
contact: Ashley McGeary at ashley.mcgeary@gridunited.com.
ALLETE, Inc. is an energy company headquartered in Duluth,
Minnesota. In addition to its electric utilities, Minnesota Power
and Superior Water, Light and Power of Wisconsin, ALLETE owns
ALLETE Clean Energy, based in Duluth; BNI Energy in Bismarck, N.D.;
and New Energy Equity, headquartered in Annapolis, Maryland; and
has an 8% equity interest in the American Transmission Co. More
information about ALLETE is available at www.allete.com.
ALE-CORP
The statements contained in this release and statements that
ALLETE may make orally in connection with this release that are not
historical facts, are forward-looking statements. Actual results
may differ materially from those projected in the forward-looking
statements. These forward-looking statements involve risks and
uncertainties and investors are directed to the risks discussed in
documents filed by ALLETE with the Securities and Exchange
Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20231221076735/en/
Investor Contact: Vince Meyer 218-723-3952 vmeyer@allete.com
Media Contact: Amy Rutledge 218-723-7400 arutledge@allete.com
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