A North-South HVDC Submarine Transmission Project...

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A North-South HVDC Submarine Transmission Project to Serve the Northeast Energy Markets To be Developed by New England Independent Transmission Company, LLC Environmental Business Council of New England EBC Energy Seminar: New Transmission – The Key to Renewable Energy Integration in New England April 2, 2009 1

Transcript of A North-South HVDC Submarine Transmission Project...

A North-South HVDC Submarine Transmission Project to

Serve the Northeast Energy Markets

To be Developed by

New England Independent Transmission Company, LLC

Environmental Business Council of New England

EBC Energy Seminar: New Transmission –

The Key to Renewable Energy Integration in New England

April 2, 20091

Green Line Overview

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o 500 kV DC transmission system with transfer capability of 660 MW or more (e.g.,1200 MW)

o Manageable distance (~ 140 miles submarine cable, 1 foot in diameter)

o Interconnected between Maine Yankee Substation in Maine and K Street Substation in South Boston at 345 kV with Option to interconnect to locations south of Boston.

o Gives market access to Maine, northern NH, and Maritimes renewable resources.

www.greenlineproject.com

Green Line Team Experience

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o Proposed by New England Independent Transmission Company, LLCo Principals are the main developers behind the Neptune and Hudson Projects

o Neptune Project: $600+ million, independent HVDC transmission system linking New Jersey and Long Island – www.neptunerts.com – Operational – Completed July 2007. On time and on budget.

o Hudson Transmission Project: from New Jersey to West 49th St in Manhattan. Selected by NYPA and under development – www.hudsonproject.com

www.neptunerts.comwww.hudsonproject.com

New England REC Demand/Supply Outlook

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o New England’s demand for renewable resources through aggressive RPS programs, particularly in Massachusetts and Connecticut, is a driver of renewable resource development in New England

o New resources from northern New England and eastern Canada will be needed to meet demand

o Transmission will need to be developed to support the growth

o A copy of the full report by Energy Security Analysis, Inc. is available on the Green Line web site at www.greenlineproject.com/news/industry/

Integration with NE Grid

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o Reliability Upgrades to the ISO-NE

Grid accomplished with the Maine

Power Reliability Program (MPRP)

will support the Green Line

o Interface constraints at Orrington

are relieved allowing energy to flow

from northern Maine and eastern

Canada south to Wiscasset

o MPRP studies show Green Line

compatible with upgrades

o Studies show Boston’s K Street Sub-

station able to absorb 600 MWs

Green Line Development History

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o Green Line Concept – Spring 2006 – Question # 1 – Who pays?

o Submitted to ISO-NE with FERC Filing December 2006

o FERC Order Finding NEITC “independent and capable” February 2007

o 2007 - ISO-NE Scenario Analysis – Transmission needed to support imports

from beyond the load centers.

o Order 890 – Attachment K – Economic Needs Assessment – December 2007

ISO-NE compliance filing with FERC

o December 2007 – HVDC Day – Nine proposals.

o March 2008 – Economic Study Requests – 12 Proposals – 5 HVDC projects

o Attachment N-K Working Group convenes – March 2008

o 2008 Cost Allocation for “Economic Projects” opened to question

o Late 2008: HQ-NU-NStar file with FERC for approval of 1200MW

transmission line from Quebec to southern New Hampshire

o Transmission bundled with Generation in a “package deal”

Green Line Today

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o NU-NStar-HQ FERC filing a “Game Changing” step in the right direction:

o It is “a deal” as requested by Mass regulators encompassing supply, and

transmission to southern NH

o It envisions a power purchase agreement (PPA) which we agree is the

key to financing infrastructure

o “Supplier pays,” sort of. We all know the cost of the transmission line is

embedded in the deal so, ultimately, “consumer pays.”

o The only thing needed to make this proposal a BIG step in the right

direction is COMPETITION.

Green Line Today

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o Competition in Transmission and associated renewables development

o Put states in the position to drive energy & environmental policies

o Whether under regional or federal RPS requirements, we are massively

increasing the demand for renewables, and for transmission.

o As always, if we are going to spend scores of billions of dollars on transmission, it

will be useful to spend that money pursuant to open, competitive and intelligent

Requests for Proposals.

o Should Massachusetts opens its 1,200MW procurement to competition – as we

think it will to assure that the opportunity to supply renewables (RPS and/or low

carbon) is open to all – it will receive a number of compelling bids:

1. The Quebec-NU-NStar Proposal: 1200 MWs of mostly Canadian, large

scale hydro delivered to NH then to load centers.

2. A Green Line proposal: 1200MWs of mostly Maine renewables (with NB

energy via beefed up interconnections) delivered to Boston and the Cape.

3. An “offshore” wind proposal (from mostly offshore Massachusetts

suppliers?)

o Let the best project – most buildable, best credit, best mix of renewables – win!

Contact

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Stephen Conant

Senior Vice President

New England Independent Transmission Company, LLC

401 Edgewater Place, Suite 640

Wakefield, Massachusetts 01880

Telephone – 781-246-9851

[email protected]

www.greenlineproject.com