Utility offers energy proposals under state energy law
28 Juillet, 2017, 06:45 | Author: Marc Bacque
The state previously solicited proposals for 1,600 megawatts of offshore wind energy.
"Blackstone is proud to partner with the State of Vermont, Hydro Québec, Gaz Métro and Boralex to assist MA in achieving its targeted reduction in greenhouse gases under the Global Warming Solutions Act", Sean Klimczak, senior managing director of Blackstone, which manages TDI-New England, said in a statement. The bill requires that the utilities procure around 9,450,000 megawatt-hours of wind, solar, hydro or energy storage - so-called "Class I renewables" - to meet the state's clean energy goals. The MCPC project is projected to save New England customers between $655 million - $1.45 billion over the 20-year life of the project.
The NECPL project consists of 154 miles of buried transmission line, entering the United States under Lake Champlain and traversing 97 miles under the lake. A high-voltage cable would travel 98 miles underwater and 56 miles underground to deliver 1,000 megawatts from the Canadian border to a transformer in Ludlow, Vermont.
The Maine utility is touting its short route between Quebec and New England markets, and says it already owns the rights-of-way needed to build or expand the proposed power lines.
Existing hydro dams and wind farms in New England were not eligible to bid this time because the projects must bring new resources to the six-state power grid, run by ISO New England.
Central Maine Power announced today that it has submitted several proposals in response to Massachusetts' clean energy RFP, including a new transmission line between Maine and Quebec that the company says could provide $150 million in annual electricity cost savings by tapping the hydropower resources of Hydro-Quebec.
"With the retirement of much of the region's fossil fuel generating plants, MA customers need a ready path to clean, reliable, diverse power. GSPL and NRL will enable the Commonwealth to meet its environmental goals by bringing large-scale, renewable energy to customers for years to come", John Flynn, senior vice president of U.S. strategy and business development for National Grid, said in a statement.
The GSPL project would consist of 59 miles of new transmission line from a new converter station in northern Vermont to a new converter station in Monroe, New Hampshire. Also, 109 miles of existing transmission lines would need to be upgraded.
The race is on for a huge piece of the MA electricity market.
Following the passage of An Act Relative to Energy Diversity in 2016, MA issued an RFP to bring up to 9.45 terawatts of clean energy power into the state.
The GWSA set legal requirements that the state must meet in reducing greenhouse gas emissions. In 2014, emissions were 21 percent below 1990 levels, according to the state Department of Environmental Protection.
Central Maine Power wants to build almost 150 miles of new, high-voltage transmission line in western Maine.
The timeline laid out in the RFP calls for projects to be selected for negotiation by January 25, 2018, with contracts submitted for Department of Public Utilities approval by April 25.
Illinois-based Guggenheim Cap Limited Liability Company has invested 0% in Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR). Shares of Pennsylvania Real Estate Investment Trust (NYSE:PEI) traded up 1.69% during mid-day trading on Tuesday, hitting $12.01.
Several risk factors for type 2 diabetes include lifestyle factors, body weight, especially around the waist, and family history. They said wine had the most substantial effect-probably because it contains chemical compounds that improve blood sugar balance.
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