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News
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
Read more
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Industry News
Commission Approves Submarine Cable from New Jersey to Brooklyn
LCG, November 13, 2009--The New York State Public Service Commission (Commission) yesterday approved the New York portion of a 6.6 mile, 345 kV AC, submarine electric transmission line that will extend under the Hudson River to connect a planned, 512-MW power plant in Bayonne, New Jersey to an existing substation owned by Consolidated Edison Company of New York, Inc. in Brooklyn, New York. The project is scheduled to commence operations at the end of 2011.
The new power plant is the Bayonne Energy Center (BEC), a gas-fired, simple-cycle peaking facility that will have ultra low sulfur diesel oil as a backup fuel. The project will be developed and managed through a partnership between Hess Corporation and an affiliate of ArcLight Capital Partners, LLC. Once fully approved, the facility will be developed under the supervision of project developer Pure Energy Resources, LLC.
The Commission Chairman stated, "The addition of 512 MW of capacity from the new Bayonne generating plant into the New York City electricity supply is anticipated to provide additional reliability benefits, environmental improvements, and potential price reductions....The facility, along with the added generation supply, will bring benefits to the competitive market, and to ratepayers, as a result of the shift of financial expenditure and risk from the utility to the merchant developer."
On October 5, 2009, parties filed a Joint Proposal, with proposed conditions, for an Article VII Certificate of Environmental Compatibility and Public Need (Certificate), a Suspended Sediment/Water Quality Monitoring Plan for Jet Plow Embedment Operations, and a proposed federal Clean Water Act Section 401 certification, for the construction, operation and maintenance of the New York portion of the submarine electric transmission facility running under the Hudson River.
The provisions of the Joint Proposal were unopposed and the signatories to the Joint Proposal were the applicant for the Certificate, Bayonne Energy Center, Staffs of the New York State Department of Public Service and Department of Environmental Conservation, the City of New York, and the New York City Economic Development Corporation. Provisions of the Joint Proposal seek to minimize the potential harm to the environment from construction and
operation of the facility.
The Commission concluded that construction of the facility meets the criteria of need by providing additional generation in to New York City, reducing prices, providing for a cleaner generation mix than is presently available, and contributing to ensure system reliability in the event less generation is available.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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