bhe us transmission

What bhe us transmission does

BHE U.S. Transmission is a privately held subsidiary of Berkshire Hathaway Energy, formed in 2014 and headquartered in Des Moines, Iowa. The company develops, owns, and operates high-voltage electric transmission infrastructure — operating at 345 kilovolts and higher — for wholesale customers, including utilities, grid operators, and regional transmission organizations. Its technology base spans traditional AC transmission assets and, more recently, high-voltage direct-current (HVDC) technology for cross-regional grid interconnection. Underlying physical assets include transmission lines and substations regulated by state utility commissions such as the Public Utility Commission of Texas.

The company's portfolio combines wholly owned assets, joint ventures, and minority interests across multiple U.S. regions. Its largest holding is an indirect 50% interest in Electric Transmission Texas (ETT), which operates approximately 1,874 line miles of transmission and 42 substations in the ERCOT region with $3.5 billion in total assets as of December 31, 2022. Additional holdings include a 25% interest in Prairie Wind Transmission (a 108-mile, 345-kV Kansas line placed in service in 2014), the TransCanyon LLC joint venture with Bright Canyon Energy targeting the 11-state Western Electricity Coordinating Council footprint, the Grid Assurance joint venture with American Electric Power and FirstEnergy for grid-resilience spare equipment, and wholly owned MATL LLP (acquired in May 2020), which controls 132 U.S. line miles of a 230-kV cross-border line between Alberta, Canada and Montana. In January 2025, the company signed a non-binding MOU for a 10% interest in the $3.2 billion, 420-mile North Plains Connector HVDC project linking the U.S. Eastern and Western grids in North Dakota and Montana.

BHE U.S. Transmission earns revenue through regulated transmission rates approved by utility commissions on its rate-base investments, producing stable, predictable cash flows typical of regulated utility returns. The go-to-market model is enterprise and partnership-driven rather than sales-led, relying on long-term ownership arrangements and joint ventures with major utilities such as American Electric Power, Pinnacle West Capital Corporation, FirstEnergy, and Westar Evergy. The company does not publicly disclose pricing for its services, as rates are set through regulatory filings, and it benefits from Berkshire Hathaway's capital backing, operational expertise, and a stated willingness to evaluate further development opportunities either through joint ventures or on a stand-alone basis.

Name

bhe us transmission

Legal name

BHE U.S. Transmission

Website

https://bhetransmission.com

Company type

Private

Founded year

2014

Operating status

Operating

Short description

BHE U.S. Transmission is a Berkshire Hathaway Energy subsidiary that develops, owns, and operates high-voltage (345 kV and above) electric transmission assets for wholesale utility customers through a mix of wholly owned holdings and joint ventures across ERCOT, the Western U.S., and U.S.–Canada cross-border corridors.

Ownership category

akta.pro rank

Product category

Electric Transmission Infrastructure

NAICS

Electric Power Transmission, Control, and Distribution (22112), Electric Bulk Power Transmission and Control (221121)

SIC

Electric Services (4911)

akta.pro primary industry

HV Transmission Asset Owners (Transmission Companies/Transcos) (EUADAAAC)

akta.pro secondary industries

Cross-Border Interconnectors & Regional Transmission Coordination (EUADAAAB), HVDC Converter Stations & HVDC Transmission EPC (EUAEABAD), HVDC/FACTS Operations, Maintenance & Lifecycle Services (spares, refurbishment, upgrades) (EUADAMAN), Transmission & Distribution Line Equipment (Bushings, Insulators, Arresters, Conductors, Hardware) (IMAGAAAF)

Keywords

• Electric transmission infrastructure
• High voltage transmission
• Wholesale power transmission
• Grid infrastructure development
• Transmission asset ownership

Headquarters

HQ city

Des Moines

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Others

Revenue model

1. Transmission Asset Ownership and Operation: Long-term ownership and acquisition of electric transmission assets that generate regulated returns. Revenue is derived from regulated transmission rates approved by utility commissions, providing stable, predictable cash flows from rate-base investments in transmission infrastructure.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

BHE U.S. Transmission develops, owns, and operates high-voltage electric transmission assets (345 kV and above, including HVDC) through joint ventures and wholly-owned interests. The company provides wholesale transmission capacity and grid infrastructure services to utilities, grid operators, and energy companies across multiple U.S. regions including ERCOT, the Western Electricity Coordinating Council footprint, Kansas, Montana, and North Dakota.

Product overview

BHE U.S. Transmission is a transmission infrastructure company that provides cost-effective, reliable transmission solutions for wholesale customers. The company operates through a portfolio of joint ventures and owned assets, including: Electric Transmission Texas (ETT, 50% ownership), Prairie Wind Transmission (25% ownership), TransCanyon LLC (joint venture for Western U.S. projects), MATL LLP (acquired in 2020), and Grid Assurance LLC (joint venture for grid resilience). The company also recently partnered on the North Plains Connector project for HVDC transmission connecting Eastern and Western U.S. grids.

Differentiator

Problem solved

Functional benefit

Products and services

• Electric Transmission Texas (ETT) A jointly-owned (50% with American Electric Power subsidiaries) electric transmission asset portfolio in the ERCOT region of Texas, including approximately 1,874 line miles of transmission and 42 substations as of December 31, 2022, with total assets of $3.5 billion. Regulated by the Public Utility Commission of Texas, it serves wholesale electric utilities and grid operators requiring ERCOT-region transmission capacity.
• Prairie Wind Transmission A 25%-owned joint venture with Westar Evergy and American Electric Power, operating a 108-mile, 345-kV transmission project in Kansas. The project cost $158 million and was fully placed in-service in November 2014, providing high-voltage transmission capacity to wholesale customers in the Kansas region.
• TransCanyon LLC A joint venture with Bright Canyon Energy (a subsidiary of Pinnacle West Capital Corporation), formed in 2014, whose purpose is to identify, develop, own and construct electric transmission projects in the 11 western states comprising the Western Electricity Coordinating Council footprint, serving wholesale utilities and grid operators in the Western U.S.
• MATL LLP A wholly-owned transmission asset acquired in May 2020, consisting of 132 transmission line miles in the U.S. of the total 214-mile 230-kV line running from Lethbridge, Alberta, Canada to Great Falls, Montana, providing cross-border transmission services to wholesale customers.
• Grid Assurance LLC A jointly-owned grid recovery solution launched in 2018 with American Electric Power and FirstEnergy, providing customers with ready access to securely-stored spare equipment to improve the resilience of the electric grid for utilities and grid operators.
• North Plains Connector An approximately 420-mile high-voltage direct-current (HVDC) transmission line project that will connect the U.S. Eastern and Western electric grids in North Dakota and Montana. Total project investment is approximately $3.2 billion; BHE U.S. Transmission would own 10% (300 megawatts) of the 3,000-megawatt project under the January 2025 MOU.

Quantifiable outcome

• $3.5 billion of transmission projects in-service as of December 31, 2022, with significant projects to be completed in 2023 through 2026

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered strategic, core and supporting.

• North Plains Connector LLC / Grid UnitedstrategicStrategic or Co-development Partner · 8 January 2025BHE U.S. Transmission signed a non-binding memorandum of understanding with North Plains Connector LLC, a wholly owned entity of Grid United, for the development of the North Plains Connector transmission project. The project is an approximately 420-mile HVDC transmission line connecting U.S. Eastern and Western electric grids in North Dakota and Montana. BHE U.S. Transmission would own 10% (300 megawatts) of the 3,000-megawatt project.
• MATL LLPcoreStrategic or Co-development Partner · 1 May 2020BHE U.S. Transmission acquired the general partner and limited partner interests in MATL LLP, a U.S. based company with 132 transmission line miles in the U.S. of the total 214-mile 230-kV line running from Lethbridge, Alberta, Canada to Great Falls, Montana.
• Grid Assurance, LLCsupportingStrategic or Co-development Partner · 1 January 2018BHE U.S. Transmission, American Electric Power and FirstEnergy launched Grid Assurance, LLC, a grid recovery solution to help improve the resilience of the electric grid by providing customers with ready access to securely-stored spare equipment.
• TransCanyon LLCcoreStrategic or Co-development Partner · 1 January 2014TransCanyon LLC is a joint venture between BHE U.S. Transmission and Bright Canyon Energy, a newly formed subsidiary of Pinnacle West Capital Corporation. The purpose is to identify, develop, own and construct electric transmission projects located in the 11 western states comprising the Western Electricity Coordinating Council footprint.
• Electric Transmission Texas (ETT)coreStrategic or Co-development PartnerBHE U.S. Transmission indirectly owns a 50% interest in Electric Transmission Texas, along with subsidiaries of American Electric Power Company, Inc. ETT owns and operates electric transmission assets in ERCOT and, as of December 31, 2022, had total assets of $3.5 billion. ETT's transmission system includes approximately 1,874 line miles of transmission and 42 substations.
• Prairie Wind Transmission, LLCcoreStrategic or Co-development PartnerBHE U.S. Transmission indirectly owns a 25% interest in Prairie Wind Transmission, LLC, a joint venture with AEP and Westar Energy, Inc. The joint venture built, owns and operates a 108-mile, 345-kV transmission project in Kansas. The project cost $158 million and was fully placed in-service in November 2014.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/bhe-u.s.-transmission-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about bhe us transmission