Composite Technology Receives Third Order From General Cable for ACCC Conductor for American Electric Power
Wednesday September 27, 8:05 am ET
IRVINE, Calif., Sept. 27 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC - News) is pleased to announce that its subsidiary, CTC Cable Corporation (CTC Cable) has received its third order from General Cable Corporation (General Cable) to provide for the delivery of ACCC conductor to American Electric Power (AEP). This third reconductoring project will use 38 linear miles of ACCC conductor to upgrade an existing 161 KV line that runs from Chamber Springs to Tontitown, Arkansas. The General Cable order has a value of nearly $1.5 million, which includes conductor, hardware, product warranty, and CTC Cable technical support.
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This is the third order of ACCC conductor destined for AEP and underscores their confidence in CTC Cable's technology and the benefit of using ACCC conductors to increase capacity on constrained transmission lines. As in previous orders, AEP has chosen a General Cable TransPower ACCC Drake 1020 kcmil conductor, which uses CTC Cable's proprietary composite core. Installation is slated for the first quarter of 2007. The ACCC light weight, high strength composite core allows for more conductive aluminum in the same diameter conductor with the same overall weight as a conventional steel core conductor, which allows ACCC conductors to carry more electricity more efficiently. The AEP line can take advantage of the reduced sag characteristics of ACCC conductors and the ability to operate at much higher temperatures than traditional conductors, thereby providing reserve capacity for crisis situations and future growth.
"A third order from American Electric Power, one of the leading power companies in our home market, is a great statement of confidence in ACCC conductors and we are very excited about the growing adoption of ACCC conductors both in the US and around the world," noted Benton Wilcoxon, CTC's Chairman and CEO.
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