ABB_id2059
in News Departments > New & Noteworthy
print the content item

Four power marketing and trading companies have won an auction of 300 MW of electricity transmission transfer capability from the PJM Interconnection to the NYISO grid serving the New York metropolitan area. According to Stamford, Conn.-based GE Energy Financial Services, the project developer, while regulators set tariff rates on other transmission projects or developers negotiate those rates with a utility, the auction format for this project represents a first for the U.S. Rates for transmission scheduling rights on the project were set in an open auction among market participants competing for economic power sources.

A three-month-long open season process - including an open and transparent marketing program - culminated in the successful auction for transmission rights to winning bidders Cargill Power & Gas Markets, Conectiv Energy Supply Inc., Consolidated Edison Energy Inc. and a fourth anonymous company. None of the winning bidders is affiliated with GE, and financial details were not disclosed. GE will design, construct and operate three 100 MW variable frequency transformers, with commercial operation anticipated during the fourth quarter of 2009.

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015