Developers of a proposed high-voltage DC line that would connect Quebec to New York City have reportedly reached agreement with other parties over the proposed 330-mi line.
On Jan. 10, the parties sent a filing to the New York Public Service Commission (PSC) advising them that that, “as a result of the extended and extensive settlement negotiations in this proceeding, the parties have developed a schedule that could result in the filing of a Joint Proposal in this proceeding on or before February 17, 2012, provided no unforeseen obstacles are encountered between now and then. Accordingly, the reporting parties respectfully request an extension until Feb. 17” to file their report.
The discussions with 29 interested parties, known as “settlement negotiations,” have been taking place behind closed doors since early 2011 under a procedure called a “confidential settlement,” which is an alternative to having the New York State Public Service Commission (PSC) conduct a formal, and lengthier, review of the project. Once the joint proposal is filed, the PSC will review it and either accept, reject, or modify the final recommendation.