Sign in Subscribe
Public utilities

Wind Energy Transmission Texas, LLC Annual Report of Affiliate Activities

Strategic Insights

— 1 min read

Wind Energy Transmission Texas, LLC ("WETT"), a single-member Limited Liability Corporation, has filed its annual report of affiliate activities for the year ended December 31, 2024. The report outlines the company's organizational ownership, scope of business, and financial summaries of utility-affiliate transactions. Notably, WETT has had transactions with two affiliates: Axium Texas Transmission LLC and 730 Hotspur, LLC. The report highlights the services provided by these affiliates, including professional services and out-of-pocket expenses.

Key Takeaways:

  • WETT is a single-member Limited Liability Corporation governed by WETT Holdings LLC, with two members representing AxInfra and one member representing TIAA.
  • Axiuin Texas Transmission LLC, a subsidiary of AxInfra, has a diversified portfolio valued at over $8.6 billion as of December 2024.
  • 730 Hotspur, LLC, a wholly-owned indirect subsidiary of TIAA, is a financial services organization with over $1 trillion in assets.
  • WETT made no charges to any affiliate during the 2024 reporting period.
  • Axium Texas Transmission and 730 Hotspur charged WETT $206,725.00 and $36,715.00 respectively for professional services and out-of-pocket expenses.
  • WETT executed no new contracts with affiliates in 2024, with previously filed contracts continuing in effect.
  • There was no migration of employees engaged in transmission or distribution system operations between WETT and its affiliates during the 2024 reporting period.
  • WETT received no informal complaints related to its Code of Conduct during the 2024 reporting period.

Statistics:

  • WETT's affiliate, Axiuin Texas Transmission, has a diversified portfolio valued at over $8.6 billion as of December 2024 [(1)].
  • WETT's affiliate, 730 Hotspur, is a financial services organization with over $1 trillion in assets [(2)].
  • Axium Texas Transmission charged WETT $206,725.00 for professional services during the 2024 reporting period [(3)].
  • 730 Hotspur charged WETT $36,715.00 for professional services and out-of-pocket expenses during the 2024 reporting period [(3)].
  • WETT executed no new contracts with affiliates in 2024.
  • WETT received no informal complaints related to its Code of Conduct during the 2024 reporting period.

Sources:

  • PUBLIC UTILITY COMMISSION OF TEXAS (2025). Filed Date: 2025-05-29 09:29:06 AM Control Number: 36867 Item Number: 369.
  • PUBLIC UTILITY COMMISSION OF TEXAS (2025). May 30, 2025. Annual Report of Affiliate Activities For the Year Ended December 31, 2024.

Read more