New York Transco's $1.4 billion power line plan receives state nod
(UI) — New York Transco, a prominent power line developer, received the green light from New York State's utilities regulator on Thursday for three transmission projects, Reuters reported.
These projects, aimed at alleviating grid congestion and fulfilling clean energy mandates, mark a significant step in the state's pursuit of sustainable energy solutions.
Approval from the New York State Public Service Commission paves the way for NY Transco to secure up to $1.4 billion in funding. This financial support will facilitate the construction of power lines designed to carry a minimum of 3,000 megawatts generated by offshore wind projects. These lines are integral components of NY Transco's ambitious $3.26 billion Propel New York Energy initiative, developed in collaboration with the New York Power Authority.
As part of this comprehensive project, NY Transco plans to introduce three new underground cables linking Long Island to the broader state. Additionally, a 345 kilovolt (kV) transmission backbone is slated to traverse western and central Long Island by 2030.
The commission's approval extends beyond NY Transco's endeavors, encompassing the transfer of facilities to Orange and Rockland Utilities Inc (O&R) and Consolidated Edison Inc (ConEd). This strategic move is poised to facilitate the transmission of cost-effective and renewable electricity from upstate New York to consumers in the downstate region.
The newly endorsed facilities will enable O&R and Con Ed to integrate with NY Transco's $400 million New York Energy Solution project. This initiative encompasses a 54-mile (87-km), 345 kV transmission line originating in Rensselaer County and concluding in Dutchess County.
Commission Chair Rory M. Christian emphasized the significance of these projects in meeting the clean energy requirements mandated by the Climate Act. The legislation stipulates that all power in the state must originate from clean sources by 2040, with a specific goal of achieving 70% renewable energy by 2030.
This story was originally published by Reuters.
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