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Duke, American Transmission form joint venture

Duke Energy Corp. today said it has formed a joint venture with Wisconsin-based American Transmission Co. to build, own and operate electric transmission infrastructure in North America.

Charlotte-based Duke said the joint venture, Duke-American Transmission Co., will help address increasing demand for affordable, reliable transmission capacity in the U.S. and Canada.

DATC will own all of the transmission assets it builds and operates. Equity ownership of DATC will be split equally between Duke and ATC, and the joint venture will operate as a transmission utility, which means it will have to comply with the regulations of the Federal Energy Regulatory Commission.

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