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New York approves $ 800 million of power line projects proposed by Con Edison According to Reuters

© Reuters. FILE PHOTO: A logo of the New York power company Consolidated Edison Inc is seen in New York

(Reuters) – New York State utility regulators on Thursday approved New York Inc’s Edison Incorporated Company (Con Edison) request to recoup costs for three transmission projects in the park. New York City service sector.

The projects, which the state Public Services Commission says represent a $ 800 million investment, will maintain and improve reliability and allow some fossil fuel-powered power plants to stop. work.

Projects include transmission from the Rainey neighborhood to Corona, Gowanus to Greenwood and Goethals to New York’s Greenwood. Con Edison is a unit of the New York energy company Incorporated Edison Inc (NYSE :).

“It is clear that the State of New York is in the midst of a fundamental shift in the generation and supply of electricity,” said Commission Chairman John Howard in a statement. pollution sources are being phased out. “

The commission said work would begin immediately, with the first project, called Rainey, operating in the early summer of 2023 and the Gowanus and Goethals projects operating as early as summer 2025.

The commission said it will evaluate the future allocation and cost-sharing of these projects as the transmission will provide climate benefits across the state.

The commission said the projects were needed to ensure reliability by 2023 and 2025 and to address defects in two of Con Edison’s transmission load areas caused by old peak power plants. has been discontinued or unavailable.

Upcoming decommissioning plants include Con Edison’s 17.1 megawatt (MW) 59th Street GT1 and 74th Street 1 and 2 (37 MW) gas turbine units in Manhattan, Con Edison’s Hudson (NYSE :). Ave 5 (16.3 MW) in Brooklyn, Helix Ravenswood Units 1, 10 and 11 (68.6 MW) in Queens, NRG Energy Inc Astoria’s gas turbine (NYSE 🙂 (240 MW) in Queens and NRG’s Arthur Kill GT1 unit (20 MW) on Staten Island.

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