A couple class acts being classy together.
From T&D (transmission and distribution) World, November 7:
The collaboration includes a Cooperation and Commitment Agreement for transmission projects, and a Development Services Agreement for transformer and breaker manufacturing.
American Electric Power (AEP) has announced long-term strategic agreements with Quanta Services to help AEP execute its $72 billion capital plan including delivery of high-voltage transmission, while enhancing supply chain resilience and expanding development capabilities to serve customers, including the surging data center market.
The collaboration includes a Cooperation and Commitment Agreement for transmission projects, and a Development Services Agreement for transformer and breaker manufacturing. The efforts will enable AEP and Quanta to deliver greater efficiency, constructability and certainty in meeting the energy needs of customers today and in the future.
Under the Cooperation and Commitment Agreement, AEP and Quanta will collaborate on the design, engineering, procurement and construction of 765 kV and other high-voltage transmission facilities. The partnership agreement will combine AEP’s operational and development expertise with Quanta’s track record of large-scale project execution, improving cost predictability, enhancing delivery certainty and providing a proven operational structure....
....MUCH MORE
Here's the press release at AEP, November 5:
On top of everything else (300 subsidiary companies) Quanta already has transformer capabilities with their Niagara Power Transformer and Pennsylvania Transformer Technology subs. The agreements with AEP take those up a notch, or five.
