ITC & MDU Sign Green Power Express Agreement

In the first of several anticipated strategic alliances, ITC Holdings Corp. has entered into an agreement with MDU Resources Group Inc. to participate in ITC’s Green Power Express transmission project.

MDU has expressed its interest in investing in Green Power Express, LP, the entity that was formed by ITC to develop the Green Power Express project. Under the agreement, MDU plans to collaborate with ITC on development of the project and securing the approvals needed to move the project forward. Green Power Express LP, will operate as an independent transmission company.

The Green Power Express transmission network project will provide grid access for wind-farms in the upper Midwest and traverse portions of North Dakota, South Dakota, Minnesota, Iowa, Wisconsin, Illinois and Indiana.

It could ultimately include approximately 3,000 miles of extra high-voltage 765 kilovolt (kV) transmission and will connect with existing 765-kV lines in Illinois and Indiana. Once in place, the project may be capable of bringing up to 12,000 megawatts (MW) of renewable energy to the Midwest and mid-Atlantic regions. It is currently estimated to cost approximately US $10 to 12 billion.

“MDU’s insight into the wind power infrastructure needs in North and South Dakota will be invaluable as we continue to advance the development of the Green Power Express,” said Edward Rahill, president of ITC Grid Development LLC. “We expect that an eventual partnership with MDU will be the first of many and is a significant step in ITC’s efforts to site and build regional transmission in order to move renewable generation from remote regions of the country to urban areas where it is needed.”

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