Clean Line Energy Partners LLC (Clean Line) has announced that it has signed an agreement to acquire Power Network New Mexico, LLC (Power Network). The acquisition will be completed pending receipt of a regulatory approval.
Power Network and the New Mexico Renewable Energy Transmission Authority (RETA) are jointly developing the Power Network transmission project which consists of a proposed 200-mile, 345 kilovolt alternating current transmission line currently under development. Power Network will collect 1,500MW of renewable power from east-central New Mexico and deliver the power to markets in the western USA, complementing the development efforts of the Centennial West Clean Line project.
