2017 Transmission and

Substation ReportYear in Review and Short Term OutlookAugust 2018

your

logo

Table of Contents

Overview: 3

2012-2020 Market Trends: 5-8

2017 Transmission & Substation Review: 9-17

2017 Transmission & Substation RFPs: 18-20

2018-2020 Transmission & Substation Review: 21-28

Contact Info: 29-30

your

logo

Overview

page

3

This report has been assembled using data from the Energy Acuity Grid Database, which includes a combination of state regulatory, independent system

operator, news and public solicitation data. It highlights 2017 transmission and substation development and how it compares to forecasted expansion

between 2018-2020, and in some cases historical data.

2017 saw a slight increase in the number of transmission line projects that went operating compared to 2016, but due to the scope of these projects 2017

saw the lowest amount of investment between 2012 and projected 2018 & 2019 expenditures. Of the transmission projects that went operating in 2017,

most consisted of either new lines or line rebuild projects with voltages ranging between 69 and 230 kV. Top developers were investor-owned utilities that

proportionally brought more projects online in the spring and summer months.

The surge of new and upgraded substations that went operational in 2016 continued in 2017. Substation project size based on voltage was more evenly

dispersed than transmission line development but still trended more towards the completion of lower voltage projects. Geographic region and utility

developer types were also more diverse than transmission line projects in 2017.

Of the transmission and substation RFPs tracked in 2017, many were released in Western or Southern States. Utilities releasing RFP were comprised of

midsized to large municipal utilities and co-ops, a reflection of how these utilities are more willing to make their procurement process publicly available.

Our short-term outlook indicates notable growth in both project and investment size in 2018, with a large project pool but smaller expenditures in 2019.

Looking further, 2020 is currently forecasted to have a significantly lower market size, this projection will increase as more information becomes available

in the coming months and years.

As in years past, projects scheduled for completion between 2018-2020 are nearly evenly split between new build versus the rebuilding of existing

transmission infrastructure. Of these projects, a vast majority will be built above ground using steel poles. Leading project developers are almost

exclusively IOUs with multi-state operations, however, a few federal government transmission organizations have a large pipeline of projects scheduled to

be built in the next three years.

.

2017 Review and

Short Term

Outlook Through

2020

your

logo

Transmission Projects Operating and Investment by Year

page

5

$14,428,040,000.00

$20,688,860,000.00

$17,184,570,000.00

$19,034,550,000.00

$14,516,210,000.00

$9,287,000,000.00

$16,708,980,000.00

$9,389,020,000.00

$6,554,930,000.00

144

197

176

236

208218

212

299

134

0

50

100

150

200

250

300

350

$-

$5,000,000,000.00

$10,000,000,000.00

$15,000,000,000.00

$20,000,000,000.00

$25,000,000,000.00

2012 2013 2014 2015 2016 2017 2018 2019 2020

Op

era

tin

g P

roje

cts

by Y

ea

r

Pro

jec

t In

ve

stm

en

t b

y Y

ea

r

your

logo

2012-2020 Transmission Projects by Mileage

page

6

3720

5226

38434129

4896

3427

6300

5648

2403

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2012 2013 2014 2015 2016 2017 2018 2019 2020

your

logo

2012-2020 Transmission Project Types

page

7

1028

804

8041

107

30

286

New Build Rebuild Reconductor Merchant RenewableInterconnection

TraditionalInterconnection

Multivalue*

*Multivalue is a combination or two or more of an individual project type

your

logo

page

8

224

284270 263

465497

579

286

172

0

100

200

300

400

500

600

700

2012 2013 2014 2015 2016 2017 2018 2019 2020

Substation Projects Operating by Year

your

logo

2017 Operating Transmission Projects by State

page

9

your

logo

Operating Transmission Projects by Quarter

page

10

quarter 1

year Projects

Online

2015 39

2016 36

2017 31

quarter 2

quarter 3

quarter 4year Projects

Online

2015 87

2016 48

2017 75

year Projects

Online

2015 71

2016 71

2017 58

year Projects

Online

2015 74

2016 113

2017 27

39

87

65

3736

49

68

51

37

93

57

31

Q1 Q2 Q3 Q4

2015 2016 2017

your

logo

page

9

Operating Transmission Projects by Size

pag

69

82

72

29

18

113

83

57

28

8

105

77

28

102

69-137 kV 138-229 kV 230-344 kV 345-499 kV 500-765 kV

2015 2016 2017

your

logo

2017 Top Transmission Developers by Operating Projects

page

12

6

6

6

7

7

7

7

11

14

36

0 5 10 15 20 25 30 35 40

AEP

Entergy

Xcel Energy

AltaLink

Lower Colorado River Authority

Puget Sound Energy

ITC Holdings Corp

Hydro-Quebec

PPL Electric Utilities

Exelon

Number of Projects

your

logo

2017 Top Transmission EPC Companies

page

13

13

12

19

19

19

23

31

32

36

47

0 10 20 30 40 50

Burns & McDonnell

POWER Engineers

Black & Veatch

Quanta Services

ABB

Sargent & Lundy

PAR Electrical Contractors

HDR Engineering, Inc.

TRC Companies, Inc.

L.E. Myers Co.

your

logo

page

14

2017 Operating Substation Projects by State

your

logo

page

15

Operating Substation Projects by Quarter

quarter 1

year Projects

Online

2015 33

2016 47

2017 50

quarter 2

quarter 3

quarter 4year Projects

Online

2015 64

2016 53

2017 93

year Projects

Online

2015 61

2016 104

2017 144

year Projects

Online

2015 105

2016 264

2017 210

33

64 61

105

47 53

104

264

50

93

144

210

Q1 Q2 Q3 Q4

2015 2016 2017

your

logo

page

16

page

Operating Substation Projects by Size

pag

6475

60

37

19

169

132

79

55

20

210

119

94

4024

69-137 kV 138-229 kV 230-344 kV 345-499 kV 500-765 kV

2015 2016 2017

your

logo

page

17

2017 Top Substation Developers by Operating Projects

7

7

8

8

9

10

10

17

19

37

0 5 10 15 20 25 30 35 40

American Electric Power

Western Area Power Administration

Nebraska Public Power District (NPPD)

Hydro-Quebec

Entergy

BC Hydro

AltaLink

Snohomish County PUD

Dominion

National Grid

Number of Projects

your

logo

page

18

2017 Transmission & Substation RFPs by State

your

logo

2017 Top Transmission & Substation RFPs By State

page

19

50

47

52

60

64

125

128

180

193

227

0 50 100 150 200 250

TX

CA

NE

FL

WA

TN

OK

MI

MO

NC

your

logo

2017 Top Transmission & Substation RFPs By Utility

page

20

32

31

34

34

35

37

47

48

85

87

0 20 40 60 80 100

Nebraska Public Power District (NPPD)

Western Area Power Administration

Sacramento Municipal Utility District(SMUD)

Lincoln Electric System (LES)

Garland Power & Light

Bryan Texas Utilities

Snohomish County PUD

Lansing Board of Water & Light

CPS Energy

Grand River Dam Authority

your

logo

2018-2020 Under Development Transmission Projects

page

21

417

191

66

212

299

134

2018 2019 2020

Under Construction Operating

your

logo

2018-2020 Under Development Transmission Projects by Size

page

22

273

186

82 76

10

220

142

77

26 25

51

74

4023

12

69-137 kV 138-229 kV 230-344 kV 345-499 kV 500-765 kV

2018 2019 2020

your

logo

2018-2020 Under Development Transmission Projects by Pole Type

page

23

1

31

5

3553

314

ConcretePoles

Wooden Poles H-Frame(Wood)

H-Frame(Steel)

Lattice Tower Steel Poles

your

logo

2018-2020 Under Development Transmission Projects by Line Location

page

24

48

886

12

Underground Above Ground Multiple Locations

your

logo

page

25

2018-2020 Top Transmission Developers by Under Constructions & Operating Projects

0 50 100 150 200 250

American Electric Power

Xcel

Dominion

San Diego Gas & Electric

Pacific Gas & Electric (PG&E)

American Transmission Company

Entergy

PPL Electric Utilities

Western Area Power Administration

Tennessee Valley Authority (TVA)

21

20

23

24

28

31

31

32

64

205

your

logo

2018-2020 Under Development Substation Projects

page

26

232

286

42

586

78

172

2018 2019 2020

Under Construction Operating

your

logo

page

27

page

2018-2020 Under Development Substation Projects by Size

pag

260

206

149

84

51

77

116

67 61

2836 39

74

26 33

69-137 kV 138-229 kV 230-344 kV 345-499 kV 500-765 kV

2018 2019 2020

your

logo

page

28

2018-2020 Top Substation Developers by Under Construction & Operating Projects

12

12

13

13

15

19

20

25

28

56

0 10 20 30 40 50 60

American Electric Power

Xcel Energy

Hydro-Quebec

Nebraska Public Power District (NPPD)

Duke Energy

Entergy

Public Service Electric and Gas Company

Dominion

Lower Colorado River Authority (LCRA)

BC Hydro

your

logo

Thank You for Downloading our Report!

page

29

All transmission and substations charts and figures were built

with data from the Energy Acuity Grid Database. If you have any

questions about the report, or where to find this data, please

reach out to our client relations team at

crmteam@energyacuity.com.

Click here to continue on to the database: Energy Acuity Log In

your

logo

page

30

address

1623 Blake St.

Denver, CO, 80202

Phone: 720.235.1296

online

www.energyacuity.com

crmteam@energyacuity.com

Contacts