New York approves $400 M for upstate transmission line
US, New York: New York Transco, a consortium of major utilities, has received approval for up to $400 M to add a new power transmission line.
US, New York: New York Transco, a consortium of major utilities, has received approval for up to $400 M to add a new power transmission line to reduce grid congestion and allow lower-cost and renewable electricity produced in upstate New York to flow to downstate customers.
The State Public Service Commission said the financing is needed for the New York Energy Solutions (NYES) transmission project, which in the first phase includes a new 87 km, 345 kV transmission line that begins at Rensselaer County and ends at Dutchess County.
The project is expected to be operational by the end of 2023.
Source: Reuters