April 3, 2025

Blackstone acquires CAISO Path 15 transmission rights from Duke

The Path 15 Project upgrades an 84-mile, 500 kV transmission line connecting northern and southern California.

Acquisition Completed: Viridon California LLC (VCA), a unit wholly owned by funds managed by Blackstone Inc., provided notice on April 2 that it completed its acquisition of 100% of the limited liability company interests in DATC Path 15 Transmission LLC from Duke Energy Corp.’s Duke-American Transmission Company LLC. The acquisition gives VCA control over 100% of the voting equity interests ...

Details:

Filing Date: April 2, 2025

Docket Numbers:

EC25-49

Short Summary:

Viridon California LLC (VCA), a unit wholly owned by funds managed by Blackstone Inc., provided notice on April 2 that it completed its acquisition of 100% of the limited liability company interests in DATC Path 15 Transmission LLC from Duke Energy Corp.’s Duke-American Transmission Company LLC.

Impact Level:

Categories:

Dealmaking & Transactions

Tags: Acquisitions & Dispositions, Transmission Projects, Transmission System Rights

Entities: ATC Development Company, Blackstone Inc., Duke Energy Corp.

Markets: California ISO (CAISO)

Regions: West

States: California

Regulators: FERC

Courts:

Documents:

Acquisition & Disposition – Notice of Consummation