ATC acquires transmission assets in Michigan’s Upper Peninsula

WAUKESHA, Wis., Jan. 8, 2004 — American Transmission Co. announces the participation of the Upper Peninsula Public Power Agency, which includes the City of Marquette Board of Light and Power, City of Crystal Falls, City of Gladstone, City of Negaunee, City of Norway, Village of Baraga and the Village of L’Anse.

The transaction, which occurred Dec. 31, 2003, brings contributions of transmission assets and cash from UPPPA, which was created to allow the participation of the seven municipal utilities with ATC.

“This is the culmination of a long process that began when ATC was formed three years ago,” said Jose Delgado, chief executive officer of ATC. “The UPPPA members are significant and valuable additions to our list of contributors.”

The addition of UPPPA to the ATC family of contributors brings the total to 28 investor-owned, municipal and/or cooperative electric entities across portions of Michigan’s Upper Peninsula, Wisconsin and Illinois.

“We are very pleased to join the other electric providers in the Upper Midwest who have contributed their assets or cash to become members of ATC,” said David Hickey, chairperson and general manager of UPPPA. Hickey is also executive director of Marquette Board of Light and Power.

ATC owns, plans, constructs, operates, maintains and will expand its transmission facilities to provide for adequate and reliable transmission of power. It provides non-discriminatory service to all customers, supporting effective competition in energy markets without favoring any market participant.

A member of the Midwest ISO regional transmission organization, ATC owns more than 8,900 miles of transmission lines with a total investment of approximately $700 million in transmission facilities in portions of Wisconsin, Michigan and Illinois. Visit our Web site at www.atcllc.com for more information.

Previous articleReliant prepays $917 million of debt, cancels $300 million credit facility and gains flexibility to acquire assets
Next articleAREVA signs the agreement for the acquisition of ALSTOM’s transmission and distribution activities

No posts to display