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GridLiance GP, LLC

Company Summary

Description

Incorporated in 2014, GridLiance GP, LLC is the nation’s first competitive transmission company focused on collaborating with Public Power. Through its subsidiary transmission companies formed to operate in each RTO, GridLiance will jointly plan, develop, own and operate transmission assets with Public Power. GridLiance’s mission is to provide its Public Power partners with opportunities to invest in regulated transmission development projects, enabling the utilities to earn margins from regionally-funded projects to offset transmission rate increases, as well as receive other benefits, including lower energy and delivery costs and increased reliability to their customers, while providing greater access to renewable energy sources. GridLiance has offices in Kansas City, Missouri; Chicago, Illinois; and Austin, Texas. GridLiance seeks to establish long-term agreements with all interested Public Power utilities. It currently has 30-year joint development agreements with the Missouri Joint Municipal Electric Utility Commission (MJMEUC) and the Oklahoma Municipal Power Authority (OMPA), operating within MISO and SPP through its subsidiaries, South Central MCN, LLC and Midcontinent MCN, LLC, respectively.

Website

http://www.gridliance.com/about/

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Recent news

  • 4/1/2021 - NextEra Energy Closes on... (subscriber access)
  • 9/30/2020 - NextEra Energy Acquiring... (subscriber access)

Company Transactions

Date: 4/15/2021
Type: Acquisition

DETAILS:

COST: 660 $MM

NOTES:
NextEra Energy has reached a deal with Blackstone to acquire GridLiance for $660 million, including debt. GridLiance owns 700-miles of high-voltage transmission lines regulated by the FERC and spread across three transmission organizations and six states.
REGIONS:
  • United States