Equity ownership of the new JV, called Duke-American Transmission Co (DATC), will be split equally between Duke Energy and ATC.
DATC will be subject to the rules and regulations of the Federal Energy Regulatory Commission, independent grid operators and the states in which it develops projects.
The JV will own all of the transmission assets it builds and operates.
ATC vice president of strategic planning and business development John Flynn said that through this partnership, ATC will take its expertise to other parts of North America to develop transmission solutions that not only deliver reliable electricity, but also economic and public policy benefits.
As per the structure of the JV, Duke Energy and ATC may continue to develop transmission projects independently.
