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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Pinnacle West Capital Corp | NYSE:PNW | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.22 | 0.29% | 76.63 | 76.97 | 75.77 | 76.01 | 869,529 | 01:00:00 |
From May 2023 to May 2024
By Denny Jacob
A joint venture between a Pinnacle West Capital subsidiary and BHE U.S. Transmission was selected by the Department of Energy's Grid Deployment Office to enter capacity contract negotiations for a transmission line.
The Energy Department selected TransCanyon for the Cross-Tie 500-kilvolt transmission line as part of the transmission facilitation program.
"Cross-Tie is a proposed 214-mile transmission line connecting Utah and Nevada to increase transmission capacity and improve grid reliability and resilience, relieve congestion on other key transmission lines, and expand access to renewable energy across the region," said Ed Rihn, chief executive of BHE U.S. Transmission.
The project is expected to generate more than 2,400 full-time jobs and a combined $9.1 million a year for the region through project development income taxes, the companies said.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
October 30, 2023 14:43 ET (18:43 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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