Prairie Wind Transmission Project Starts Up; AEP and WR Shares Hit New Year Highs

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Prairie Wind Transmission, a transmission joint venture that includes American American Electric Power ( AEP ), MidAmerican Energy Holdings Company, and Westar Energy Inc. ( WR ) began construction of 108 miles of new double-circuit, 345-kilovolt transmission lines in south-central Kansas.

The $180 million Prairie Wind Transmission project will stretch from Colwich, Kan., southwest to a new substation at Medicine Lodge, Kan., and then south to Hardtner, Kan., at the Kansas-Oklahoma border.

Completion is expected in late 2014. When complete, the project will be the first high-voltage transmission line linking east and west Kansas, intended to reduce transmission congestion, improve reliability and support the growth of wind energy in the state and region.

AEP shares are up to $42.50, after touching a new year high of $43.08 earlier in the session.

WR shares are up to $30.70, after touching a new year high of $31.14 earlier in the session.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: AEP , WR

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