LS Power selected third time by California ISO for competitively procured transmission project
LLC has been selected by the California ISO or CAISO to finance, construct, own, operate and maintain the Round Mountain Area Dynamic Reactive Power Support Project.
California
Round Mountain, California: LS Power Grid California, LLC has been selected by the California Independent System Operator (California ISO or CAISO) to finance, construct, own, operate and maintain the Round Mountain 500 kV Area Dynamic Reactive Power Support Project.
The Round Mountain Project was deemed a critical reliability project by CAISO to mitigate high transmission voltages on the northern California grid.
The CAISO conducted a competitive selection process pursuant to the Federal Energy Regulatory Commission’s Order No. 1000 and selected LS Power’s proposal from a total of 12 qualified proposals, all of which contained some form of cost containment to protect consumers. The CAISO selection report stated that LS Power’s proposal would provide lower cost, greater rate certainty, and less cost risk than the proposals of the other project sponsors.
LS Power’s project is designed for high availability, meets or exceeds the CAISO specifications, includes cost containment guarantees and will result in costs that are a fraction of the estimated cost provided by the local incumbent utility to the CAISO.
LS Power’s competitive transmission project awards from CAISO date back to 2016, when affiliate DesertLink, LLC was awarded the Harry Allen to Eldorado 500 kV Transmission Project, a 96 km (60 mi) transmission line that is under construction and planned to be placed in service by May 2020.
The project to be constructed by LS Power consists of two static synchronous compensator (STATCOM) units and a new 500 kV switching station to be installed in rural Shasta County, California, interconnecting the two existing Round Mountain to Table Mountain 500 kV transmission lines. The in-service date is planned for June 2024.
Source: Finance Yahoo