Transmission is a fast-growing market. Based on data published by SNL Energy, U.S. utilities are projected to spend $91 billion on transmission through 2024. Formed in October 2009, Exelon Transmission Company is a wholly owned subsidiary of Exelon that aims to capitalize on the growing national market for new transmission lines.
Drawing on Exelon’s deep experience, broad resources and strategic Illinois footprint, Exelon Transmission Company is actively seeking partnerships to develop new, state-of-the-art transmission lines that will ensure power is available 24 hours a day, seven days a week, wherever it’s needed.
Addressing Transmission Needs
We are entering a market in which U.S. companies are projected to spend $91 billion on transmission development projects by 2024. New transmission projects have the potential to:
Reliability is a serious issue. Power outages and power quality disturbances cost the economy from $25 billion to $180 billion each year, according to the U.S. Department of Energy.
Exelon, as one of the nation’s largest utilities, has a commitment to deliver safe, reliable power to customers. Avoiding outages is one of our top priorities.
Just like an overcrowded highway slows down traffic, overburdened transmission lines can inhibit movement of electricity. As transmission lines reach their capacity limits, they are less able to handle disturbances to the grid, such as severe storms or network failures, raising the risk of major power outages. Grid congestion also can mean higher electricity costs.
The nation’s 157,000 miles of high-voltage transmission line are plagued by chronic congestion. According to the U.S. Department of Energy, electricity demand has increased by about 25% since 1990, while construction of new transmission decreased by 30%.
Support Renewable Energy
We simply can’t address global warming without more low-carbon energy, and that requires new transmission. Because renewable resources such as solar and wind power tend to be located in remote areas, investment in new transmission is essential to transporting energy to where it is needed most.
The U.S. is expected to add an average of about 6,000 to 10,000 megawatts of renewable energy per year from 2010-2020.
Forming Strategic Partnerships
We are actively seeking partnerships with utilities, transmission developers, renewable developers, regulators and others who share our goal of building the next generation of transmission in the United States.
Offering a Competitive Advantage
Not only are we well-positioned geographically, but we have the experience, resources and technology expertise to be successful in the transmission business.
- Our Illinois footprint is likely to be the “crossroads” of the nation’s new transmission system, just as it is for the nation’s railway and aviation systems. Illinois is ideally positioned to facilitate the movement of renewable energy from the Upper Midwest to population centers east and south of Chicago. We will put the people and companies of Illinois to work in the development of a new transmission system.
- We have experience in transmission investment, owning, operating and maintaining approximately 7,000 miles of transmission lines, including 90 miles of high-voltage 765 kV lines. Exelon, through its ComEd, PECO and BGE subsidiaries, has invested billions in our high-voltage transmission system since 2003, and we’ve had success with large and complex transmission projects.
- Exelon Transmission Company also has the advantage of being part of a large, well-capitalized parent company. We can leverage Exelon’s vendor relationships and $3.5 billion annual spend to achieve economies of scale.
Providing Experienced Leadership
We have a fully dedicated executive leadership team and board of directors, who bring deep industry experience in all relevant facets of transmission development.
Exelon Transmission Company Fact Sheet [PDF, 29.7 KB]Exelon Transmission Company (ETC) is a business unit of Exelon Corporation. Formed in October 2009, ETC is a national venture seeking to capitalize on the growing market for new transmission lines. ETC will partner with utilities, transmission developers, renewable developers, regulators and others who share their goal of building the next generation of reliable electric transmission in the United States.