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LS Power Announces Second MISO Award For Republic Transmission in Indiana

LS Power Announces Second MISO Award For Republic Transmission in Indiana

May 11, 2023

MISO today announced that it has selected Republic Transmission, LLC, a subsidiary of LS Power, to develop, own, operate, and maintain a new double-circuit 345 kV transmission line in Northern Indiana. The Hiple to Indiana/Michigan State Border (“HIMB”) 345 kV project is the first competitively bid project from MISO’s Long Range Transmission Planning (“LRTP”) Tranche 1 portfolio approved by MISO’s board of directors in 2022.

“LS Power thanks MISO for conducting a thorough competitive process to achieve cost-efficient transmission solutions, which is estimated to provide consumers with more than 30% savings as compared to MISO’s initial estimate,” said Paul Thessen, President of LS Power Development

MISO conducted a rigorous competitive selection process pursuant to the Federal Energy Regulatory Commission’s Order No. 1000 and selected Republic Transmission’s proposal from seven proposals. MISO’s comparative analysis included considerations of cost and design, project implementation, and operations and maintenance.

As part of its selection of Republic Transmission, MISO lauded the “well-supported project implementation cost estimate, a superior revenue requirement commitment, and a well-reasoned routing strategy.”

This selection represents the second competitively procured transmission project awarded by MISO to Republic Transmission in Indiana. Republic Transmission successfully placed its first competitively awarded transmission project, the Duff to Coleman 345 kV project, in-service ahead of schedule and within its cost commitments in June of 2020.

“LS Power is excited to be selected by MISO to implement part of its LRTP and address the urgent and complex challenges to the electric grid. We look forward to working with MISO and the local communities to successfully complete the project,” Thessen said.

About Republic Transmission:

Republic Transmission is dedicated to delivering reliable and cost effective transmission infrastructure for the MISO region. Republic Transmission is majority owned by LS Power, a leading developer, owner, and operator of electric transmission infrastructure and independent power generation projects throughout the United States. Hoosier Energy Rural Electric Cooperative, Inc. owns a minority stake in Republic Transmission.

ABOUT LS POWER:

Founded in 1990, LS Power is a premier development, investment, and operating company focused on the North American power and energy infrastructure sector, with leading platforms across generation, transmission and energy transition solutions. Since inception, LS Power has developed or acquired 47,000 MW of power generation, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities. Additionally, LS Power Grid has built 780+ miles of high-voltage transmission, with 350+ miles and multiple grid infrastructure projects currently under construction or development. LS Power actively invests in and scales businesses that are accelerating the energy transition, including electric vehicle charging, demand response, microgrids, renewable fuels and waste-to-energy platforms. Over the years, LS Power has raised $54 billion in debt and equity capital to support North American infrastructure. For information, please visit www.LSPower.com.