The New York State Public Service Commission on Nov. 16 approved $1.4 billion in financing for NY Transco’s Propel NY Energy transmission project.
Propel NY Energy is a proposed electric transmission solution -- constructing new and upgraded underground and submarine transmission lines and stations -- developed by the New York Power Authority and New York Transco to bolster the electric transmission network on Long Island, in parts of New York City and in Westchester County for reliability, resiliency, and the delivery of clean offshore wind energy to homes and businesses throughout New York State.
The project was recently selected by the New York Independent System Operator, Inc. to meet the Long Island Offshore Wind Public Policy Transmission Need identified by the Commission.
The PSC also advanced two other transmission projects being developed by NY Transco, a major transmission line developer in New York State.
The Commission authorized NY Transco to transfer certain interconnection facilities to Orange and Rockland Utilities, Inc. for the timely interconnection and operation of the Rock Tavern to Sugarloaf project, which will increase transmission capacity to move power from upstate to downstate New York.
The Commission noted that the construction of the Rock Tavern to Sugarloaf project, which connects to the New York Energy Solution Project, will serve a public need because it will address the contingency resulting from increasing the transmission capacity across the Central East and Upstate New York/Southeast New York interfaces.
O&R, as a regulated utility with significant experience in owning and operating the relevant infrastructure, will be a capable operator of the transferred facilities. O&R will be directly integrating the interconnection facilities into O&R's transmission system for the benefit of its own ratepayers.
In addition, the transfer of the interconnection facilities from NY Transco to O&R will not adversely impact O&R ratepayers or the reliability, safety, operation, or maintenance of O&R's distribution system, the PSC said.
In another decision, the Commission authorized NY Transco to transfer certain interconnection facilities to Consolidated Edison Company of New York, Inc. for the timely interconnection and operation of the New York Energy Solution Project.