Hudson Transmission Partners to auction remaining 66 MW on transmission project in open season

Hudson Transmission Partners (HTP) is holding an open season from February through April to auction the remaining 66 MW of transmission scheduling rights (TSRs) on its 8-mile, 345-kV, 660-MW HVDC transmission line.

The Hudson transmission line connects PJM Interconnection with the New York ISO, originating at the Bergen substation in New Jersey and terminating at the West 49th Street substation, in New York.

The 66 MW of TSRs available, which HTP will sell in one block, will have only nonfirm transmission withdrawal rights (NFTWRs) and thus will be available for transmitting energy only, HTP said.

HTP expects the line to enter service on or about June 1.

“As of the commencement of commercial operation, 90% of the project’s capacity has already been sold,” HTP said in a Feb. 21 auction memorandum.

The New York Power Authority has entered into a 20-year contract for 495 MW of TSRs. Under its contract, NYPA receives the first 320 MW of firm transmission withdrawal rights (FTWRs) available to the project, and the remainder of its total 505 MW of withdrawal rights as NFTWRs.

An additional 99 MW of capacity has been sold to Consolidated Edison Energy, a subsidiary of Consolidated Edison (NYSE:ED), under a two-year contract.

“The 99 MW of TSRs sold to ConEd Energy include only NFTWRs (101 MW to account for losses) and thus ConEd Energy will only be able to transmit energy across the line,” HTP said in the memorandum.

HTP will hold an information session for interested bidders on March 6. Qualifying applications are due March 15, sealed bids are due April 5, and HTP will release auction results on April 9.

The Brattle Group will serve as the independent auction manager for the open season, and has established a website, www.hudsontsrauction.com, for auction information.

 

 

About Rosy Lum 525 Articles
Rosy Lum, Analyst for TransmissionHub, has been covering the U.S. energy industry since 2007. She began her career in energy journalism at SNL Financial, for which she established a New York news desk. She covered topics ranging from energy finance and renewable policies and incentives, to master limited partnerships and ETFs. Thereafter, she honed her energy and utility focus at the Financial Times' dealReporter, where she covered and broke oil and gas and utility mergers and acquisitions.