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;))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

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