Abengoa and Starwood Energy’s joint venture was selected by the California Independent System Operator (CAISO) as the approved sponsor to finance, construct, own, operate and maintain the Delaney to Colorado River 500-kV transmission line project. Abengoa and Starwood Energy will undertake joint development of the 114-mile transmission line, reinforcing the electrical interconnection between both California and Arizona. Abengoa will undertake construction, operation and maintenance of the transmission line. Total investment was initially estimated by CAISO at approximately $300 million. The project is expected to reach commercial operation in 2020.