LECTRIX was originally formed in October 1999 as a joint venture between American Electric Power, Bechtel Enterprises, Inc. and Siemens A.G. Two of the original founding officers of the company were Reynold Roeder, formally with PacifiCorp, and Ronald Prater, formally with AEP. The venture was formed to primarily pursue power quality and reliability projects throughout the world, and secondarily to develop merchant electrical transmission projects.
LECTRIX’s first large project was designing and building the critical electrical and mechanical infrastructure for internet data centers located throughout Europe. Simultaneously, LECTRIX began the investigation and development of various merchant transmission projects in Canada.
In July of 2001, the original owners of LECTRIX changed strategic direction and sold the business to a group of its executives. LECTRIX wound down its European and power quality and reliability operations so that the business was focused solely on its transmission projects. Over time, ownership of LECTRIX has been consolidated under the control of Mr. Roeder.
LECTRIX's first transmission project was the Montana Alberta Tie Line linking Lethbridge, Alberta to Great Falls Montana. This project was undertaken as a joint venture with Rocky Mountain Power (2006), Inc. of Calgary. This project was sold to Tonbridge Power Corporation in April 2006 in a stock exchange, and thereafter to Enbridge.
LECTRIX and Rocky Mountain Power have continued to investigate other potential North American transmission projects including a link between Saskatchewan and Alberta ("SATL") and an underground compressed energy storage project near the town of Lloydminster.