MYR Group and Quanta Services Selected as Construction Alliance Partners for CapX2020
CapX2020 announced it selected MYR Group (Nasdaq: MYRG) and Quanta Services, Inc. (NYSE: PWR) to provide construction services for the CapX2020 Group 1 transmission line projects. CapX2020 is a joint initiative of 11 transmission-owning utilities in Minnesota and the surrounding region proposing to build more than 700 miles of new transmission infrastructure under what is expected to be the largest transmission expansion in the upper Midwest in 30 years.
The projects include three proposed 345 kilovolt (kV) transmission lines and one proposed 230 kV transmission line.
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