GE unit to auction transmission capacity between New York and PJM power grids

• 12 years ago (2012-04-10)
• David Flin

North America 1021

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GE Energy Financial Services has announced that it will auction 225 MW of bi-directional electricity transfer capacity from its Linden variable frequency transformer (VFT) smart grid project at the intersection of the New York City and PJM power grids. The auction will be held in June, and will involve the sale of nine blocks each of 25 MW of transmission scheduling rights that will become available on 1st November, 2012. These blocks can be used to sell power capacity between the PJM Interconnection and the New York Independent System Operator (NYISO).

The Linden VFT smart grid project is capable of transferring 315 MW of capacity between PJM and NYISO, through its connection to GE’s 900 MW Linden cogeneration power plant and connecting to Consolidated Edison’s Goethals substation on Staten Island, New York.

Since commercial operation began in 2009, the Linden VFT project has operated with 97 percent availability.

GE Energy Financial Services will hold an “open season” to allocate transmission scheduling rights entitling Linden VFT’s customers to determine use of the project. Details on the bidding process are available on www.lindenvftauction.com .