NY State Public Service Commission approves 29 power projects, valued at $636.2 million

Reuters
06-13
NY State Public Service Commission approves 29 power projects, valued at $636.2 million

June 12 (Reuters) - The New York State Public Service Commission approved 29 infrastructure projects worth $636.2 million, enabling 642 megawatts of electrification upgrades, the commission said on Thursday.

These projects were proposed by Consolidated Edison ED.N, Niagara Mohawk Power Corporation, New York State Electric & Gas Corporation (NYSEG), and Rochester Gas and Electric Corporation (RG&E).

"The urgent grid upgrade projects would expand grid capacity in many areas of the state, relieving urgent constraints on an accelerated basis while a broader, unified planning framework is developed,” said commission Chair Rory Christian.

Con Edison will lead five projects, including the Zerega Avenue expansion and the redesign of the Hunts Point electrical system, adding 380 MW of capacity at a cost of $439.9 million.

National Grid will oversee 22 projects totaling $126 million, delivering 184.8 MW of new capacity to support vehicle electrification in upstate New York.

Moreover, NYSEG will implement a major industrial electrification project adding 30 MW, while RG&E will expand EV charging infrastructure by 47 MW.

The commission said that this action was part of its plan to upgrade New York's electric grid infrastructure and work toward its decarbonization goals.

(Reporting by Sarah Qureshi in Bengaluru; Editing by Lisa Shumaker)

((SarahS.Qureshi@thomsonreuters.com;))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10