Grid Assurance, a joint effort by utilities to share the acquisitionof critical electric transmission equipment, formally launched its business May6 and on May 9 named as its CEO an executive from one of its initial participants.
Michael Deggendorf, senior vice president at subsidiary ,was named CEO of Grid Assurance and will now begin hiring a senior management team,according to a May 9 news release.
At KCP&L, Deggendorf headed FERC-regulated transmission businessefforts, transmission development joint venture Transource and the development ofGrid Assurance.
Grid Assurance, which was proposed in June 2015, is an independent provider of transmissionsparing systems for critical electric transmission equipment, and has been toutedas a way for utilities to respond to natural or physical damage to utility infrastructure.Individual companies can subscribe to the service to have access to spare equipment,an arrangement approvedby FERC. Founding members, according to the May 9 statement, are affiliates of ,Berkshire Hathaway Energy,Duke Energy Corp., , and Great PlainsEnergy.