Silver Run Electric
Silver Run Electric is a FERC-regulated electric transmission utility, subsidiary of LS Power Development, LLC, that operates the Silver Run Substation and a high-voltage line including a ~3-mile submarine crossing of the Delaware River, serving PJM Interconnection in the Mid-Atlantic.
- Company typePrivate
- Founded2015
- HeadquartersMiddletown, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Silver Run Electric does
Silver Run Electric is a regulated electric transmission utility headquartered in Middletown, Delaware, and a wholly-owned subsidiary of LS Power Development, LLC, operating under the LS Power Grid brand. The company's physical asset consists of the Silver Run Substation in Delaware and a high-voltage transmission line running to the Hope Creek Substation in Lower Alloways Creek, New Jersey, including an approximately 3-mile submarine crossing of the Delaware River. The asset provides a high-voltage link between the Delmarva Peninsula and southern New Jersey, supporting the stability, reliability, and efficiency of the PJM Interconnection's grid across the Mid-Atlantic region.
The business model is a classic regulated transmission utility construct: Silver Run Electric was selected through a PJM competitive solicitation in 2015, constructed the asset on schedule and within a guaranteed cost cap, and was placed in service in 2020. Revenue is recovered through FERC-approved formula rates on a cost-of-service basis, with the company filing annual formula rate updates and projections (most recently the 2026 projection under FERC Docket ER26-2237) and conducting annual stakeholder meetings. The sole customer is effectively PJM Interconnection, which administers tariff payments across the regional grid.
The company is small in headcount (11-50 employees) and serves a single regulated market niche: bulk power transmission across a specific Delaware-New Jersey corridor. There is no disclosed product diversification, no M&A activity, and no evidence of expansion beyond the existing asset. Strategic activity is confined to the regulatory cycle: annual formula rate filings, stakeholder communications, and rate base optimization. The technology is conventional high-voltage transmission infrastructure, with the submarine crossing representing the primary engineering differentiator.
Silver Run Electric firmographics
Firmographics- Name
- Silver Run Electric
- Legal name
- Silver Run Electric
- Website
- https://silverrunelectric.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Silver Run Electric is a FERC-regulated electric transmission utility, subsidiary of LS Power Development, LLC, that operates the Silver Run Substation and a high-voltage line including a ~3-mile submarine crossing of the Delaware River, serving PJM Interconnection in the Mid-Atlantic.
- Ownership category
- akta.pro rank
Silver Run Electric industry classification
Industry- Product category
- Electric Transmission Services
- NAICS
- Electric Power Transmission, Control, and Distribution (22112), Electric Power Distribution (221122)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- HVAC Transmission Lines (EHV/UHV Overhead & Underground) (EUADAAAD)
- akta.pro secondary industry
- Transmission Substations & High-Voltage Switchyards (EUADAAAF)
Keywords
Where Silver Run Electric is headquartered
LocationHeadquarters
- HQ city
- Middletown
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Silver Run Electric business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain
Revenue model
- Transmission Service Revenue: Regulated transmission utility revenue under FERC jurisdiction through formula rates. The company files annual formula rate updates and projections with FERC, indicating a cost-of-service based regulated revenue model typical of electric transmission utilities.
Distribution channels1 record
Marketing channels2 records
Silver Run Electric product offering
Product offeringCore offering
Silver Run Electric is an electric transmission utility that operates the Silver Run Substation and a high-voltage transmission line running from the Silver Run Substation to the Hope Creek Substation in Lower Alloways Creek, New Jersey, including an approximately 3-mile submarine crossing of the Delaware River. The utility provides a high-voltage connection between the Delmarva Peninsula and southern New Jersey, supporting the stability, reliability, and efficiency of the PJM Interconnection power grid across the Mid-Atlantic region under FERC-regulated formula rates.
Product overview
Silver Run Electric is a single electric transmission utility operated by LS Power Grid, designed to support the stability, reliability, and efficiency of the PJM power grid in the Mid-Atlantic region. The company's facilities consist of the Silver Run Substation and a high-voltage transmission line connecting to the Hope Creek Substation in New Jersey. The transmission line includes an approximately 3-mile submarine crossing of the Delaware River, providing a unique high-voltage connection between the Delmarva Peninsula and southern New Jersey. The company also provides Formula Rates filings and stakeholder communications for regulatory compliance with FERC requirements.
Differentiator
Problem solved
Functional benefit
Products and services
- Silver Run Electric Transmission Service Electric transmission utility service providing high-voltage power transmission between the Delmarva Peninsula and southern New Jersey via the Silver Run Substation, transmission line to Hope Creek Substation, and approximately 3-mile submarine Delaware River crossing, supporting stability, reliability, and efficiency of the PJM power grid in the Mid-Atlantic.
- Silver Run Substation A key substation facility serving as the origin point for the Silver Run Electric high-voltage transmission line that connects Delaware to the Hope Creek Substation in New Jersey.
- Silver Run to Hope Creek Transmission Line High-voltage transmission line running from the Silver Run Substation to the Hope Creek Substation in Lower Alloways Creek, New Jersey, including an approximately 3-mile submarine crossing of the Delaware River, designed to coexist within a unique marine environment.
Companies that use Silver Run Electric
Customer profileSegments1 record
Ideal customer profiles1 record
Silver Run Electric technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Silver Run Electric partnerships and signals
Strategic signalScale indicators4 records
Recent moves5 records
Expansion highlights3 records
Silver Run Electric competitors and assessment
Company assessmentDirect peers
- ITC Holdings (Fortis Inc.): Pure-play FERC-regulated electric transmission utility operating high-voltage transmission infrastructure across multiple US regions, with a comparable cost-of-service regulatory model and similar reliance on RTO/ISO customers.
- Hudson Transmission Partners: LS Power-developed FERC-regulated merchant transmission project interconnecting PJM and NYISO via a submarine cable under the Hudson River, sharing Silver Run Electric's parent, regulatory framework, and submarine HVDC technology profile.
- LS Power Grid (other transmission utilities): Sister transmission utilities under LS Power Grid, sharing the same parent and comparable FERC-regulated cost-of-service transmission business model, although operated as separate entities.
- Trans Bay Cable: LS Power-developed submarine high-voltage direct current transmission link in San Francisco Bay under FERC regulation, with the same parent, analogous submarine transmission technology, and similar cost-of-service revenue model.
Broad incumbents
- American Electric Power (AEP) Transmission: AEP's transmission segment operates one of the largest US high-voltage transmission networks within PJM and other RTOs, providing a comparable regulated rate-base transmission business model at much larger scale.
- FirstEnergy Transmission: Operates regulated transmission infrastructure across the Mid-Atlantic and PJM region under FERC formula rates, comparable in regulatory framework and partially overlapping in geography with Silver Run Electric.
- NextEra Energy Transmission: Subsidiary of NextEra Energy developing and operating FERC-regulated transmission assets across multiple US ISOs, representing a larger incumbent in the same regulated transmission development and operating space.
- Public Service Enterprise Group (PSEG): Owner of transmission assets in New Jersey and the broader PJM footprint, with overlapping service territory and the same FERC-regulated cost-of-service revenue framework for its transmission business.
- Duke Energy Transmission: Large regulated electric utility with a substantial FERC-regulated transmission business operating across multiple US regions, sharing the cost-of-service transmission rate-making framework.
Emerging players
- Anbaric Development Partners: Developer of transmission infrastructure including submarine cable projects focused on offshore wind interconnection in the Northeast US, partially overlapping with Silver Run Electric's strategic positioning for offshore wind delivery.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights5 records
Customer concentration
Silver Run Electric social profiles
Digital presenceSilver Run Electric financial estimates
Financial estimateRevenue estimate
Valuation estimate
Silver Run Electric leadership team
Management profileNumber of profiles
Silver Run Electric funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Silver Run Electric M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Silver Run Electric
What does Silver Run Electric do?
Silver Run Electric is an electric transmission utility that operates the Silver Run Substation and a high-voltage transmission line running from the Silver Run Substation to the Hope Creek Substation in Lower Alloways Creek, New Jersey, including an approximately 3-mile submarine crossing of the Delaware River. The utility provides a high-voltage connection between the Delmarva Peninsula and southern New Jersey, supporting the stability, reliability, and efficiency of the PJM Interconnection power grid across the Mid-Atlantic region under FERC-regulated formula rates.
Is Silver Run Electric a public or private company?
Silver Run Electric is a private company. It is classified as corporate owned and is currently operating.
When was Silver Run Electric founded?
Silver Run Electric was founded in 2015. It employs 11 to 50 people.
Where is Silver Run Electric based?
Silver Run Electric is headquartered in Middletown, United States, in the North America region.
How does Silver Run Electric make money?
One revenue line is on record: transmission Service Revenue.
Who are Silver Run Electric's main competitors?
Direct peers on record are ITC Holdings (Fortis Inc.), Hudson Transmission Partners, LS Power Grid (other transmission utilities) and Trans Bay Cable. Broad incumbents are American Electric Power (AEP) Transmission, FirstEnergy Transmission, NextEra Energy Transmission, Public Service Enterprise Group (PSEG) and Duke Energy Transmission. Anbaric Development Partners is listed as an emerging player.
Does Silver Run Electric have an API?
No public API is recorded for Silver Run Electric.
What industry is Silver Run Electric in?
Silver Run Electric's product category is Electric Transmission Services. Its primary akta.pro industry code is EUADAAAD, HVAC Transmission Lines (EHV/UHV Overhead & Underground), with a secondary code of EUADAAAF, Transmission Substations & High-Voltage Switchyards. Its NAICS code is 22112 and its SIC code is 4911.