GridLiance and Blackstone Announce the Formation of a New Electric Transmission Company
ANSAS CITY, Mo. & CHICAGO & NEW YORK, Mar 31, 2015 (BUSINESS WIRE) — GridLiance GP, LLC (“GridLiance” or “the Company”) and Blackstone Energy Partners, an affiliate of The Blackstone Group L.P. BX, +0.23% today announced the formation of GridLiance, the nation’s first competitive transmission company focused on collaborating with under-served U.S. municipal, cooperative and joint action agency utilities (“Public Power”) to jointly plan, develop, own and operate transmission infrastructure. These new projects will deliver important customer benefits, including lower delivered energy costs and more reliable transmission service.
