AEP and partners to launch emergency equipment venture
USA, Ohio: American Electric Power (AEP) and seven other energy companies are planning to launch a limited liability company to provide critical equipment including power transformers to transmission-owning entities in the U.S. to improve responses to major events affecting the electric transmission grid.
USA, Ohio: American Electric Power (AEP) and seven other energy companies are planning to launch a limited liability company to provide critical equipment, including power transformers, to transmission-owning entities in the U.S. to improve responses to major events affecting the electric transmission grid.
Named Grid Assurance, the new company will complement existing programmes and industry initiatives such as the spare transformer equipment program (STEP), providing cost-effective solutions to subscribers to speed restoration and enhance electric grid resiliency, reports Energy Business Review.
The spare equipment will be owned and maintained at strategically located warehouses to facilitate faster service.
The joint venture partners include affiliates of Berkshire Hathaway Energy, Duke Energy, Edison International, Eversource Energy, Exelon, Great Plains Energy, and Southern Company in addition to American Electric Power.
Source: Energy Business Review
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