Due diligence to support John Laing's entry into the North American transmission sector

Equipment in Power Station.

John Laing Group retained CRA’s Energy experts to conduct buy-side due diligence on the regulated revenues and operations for Pioneer Transmission, LLC.

Pioneer encompasses a 42.5-mile, 765 kV transmission line and substation assets. This MISO Multi-Value Project represents John Laing’s first transmission asset acquisition in North America.

CRA’s Anant Kumar and Chris Nagle led the forecasting and modeling of Pioneer’s regulated cost recovery and its associated impact on its financial statements. CRA provided insights into the asset’s regulatory outlook and evaluated the strategic value of Pioneer within John Laing’s portfolio of assets in North America.

On April 4, 2024, John Laing announced its agreement to purchase a 50% stake in Pioneer from Duke Energy. Pioneer remains a joint venture with American Electric Power.

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