North American Windpower: GE Completes Transmission Auction

GE Completes Transmission Auction

by NAW Staff on Wednesday 31 January 2007

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.

Latest Top Stories

Wind Consortium Deploys Nacelle-Mounted LIDAR At Offshore Site In Irish Sea

In an important development for performance verification for offshore wind sites, a group of companies have deployed a nacelle-mounted LIDAR at DONG Energy's 367 MW Walney Wind Farm.

As U.S. DOJ Investigates, Duke Works Adaptive Management Plan

With previous golden eagle fatalities reported at two company-owned wind farms in Wyoming, Duke Energy Renewables is going to great lengths to protect raptors.

DOE To Recast Landmark 20% Wind Energy Report; Study Looks Back, Ahead

The U.S. Department of Energy will update its 20% Wind Energy By 2030 report, which indicated increased levels of wind penetration for the U.S. is not only possible but feasible.

Wind Energy Procurement Top Of Mind For Big-Name Companies

With greater frequency, top-tier companies are discovering the economic and environmental power of wind energy and upping their investments in the resource.

WINDPOWER Panelists Issue A Call To Arms: Protect RPS Mandates

Votes on several legislative bills concerning state renewable portfolio standards (RPS) are nearing. How can you help protect and maintain these development drivers?