Transmission Developers Inc (TDI) today announced several important updates to the Champlain Hudson Power Express (CHPE) project that will deliver primarily new sources of hydro and wind power to meet growing demand, increase the security of the electric grid, and reduce energy costs for consumers and businesses.
- Thanks to strong interest expressed by power suppliers willing to make long-term commitments to the New York leg of the project and a lack of similar interest with respect to the Connecticut leg, the project will now focus solely on bringing new clean power to the New York market. This refinement of the project will simplify the extensive environmental analysis that is underway and will have no impact on the New York leg of the project, for which power suppliers have expressed a strong interest.
- TDI has received authorization from the Federal Energy Regulatory Commission (FERC) to charge negotiated rates for the sale of transmission rights on the proposed line. In recognition of the unique characteristics of the project, FERC authorized TDI to seek up to 75 percent pre-subscription from anchor customers.
- TDI has concluded a rigorous environmental testing process for the entire proposed project route and the test samples are now being analyzed. The test results will be used to refine the proposed project route, prepare environmental permit applications and plan the construction of the new power line.
- The Department of Energy has scheduled seven meetings for public participation as part of its Environmental Impact Statement (EIS) preparation process pursuant to the National Environmental Policy Act. The meetings will assess the potential environmental impacts of the line. A meeting schedule is posted at: http://www.chpexpresseis.org/docs/Scoping_Meeting_Schedule.pdf
The project was announced in February 2010. It will run from the U.S.-Canadian border to the New York metro area and deliver primarily new hydro and wind power that is currently being developed. This clean power will help meet growing demand, increase the security of the State’s electric grid, and reduce energy costs for consumers and businesses.
* This release was adjusted on July 29, 2010