Task force says NY $5.7 bln power grid modernization on track
April 30 (Reuters) - New York's initiative to modernize its electric system through $5.7 billion in public and private investments to build up to 3,200 megawatts (MW) of generation and transmission is on or ahead of schedule, a state panel said on Tuesday.
The New York Energy Highway Task Force said its role was now complete and the various state agencies, authorities, utilities and other interested participants will proceed with their assigned tasks.
The task force submitted the so-called New York Energy Highway Blueprint to New York Governor Andrew Cuomo in October 2012.
That blueprint contained recommendations to expand and strengthen the state's power and natural gas system, accelerate construction projects and support clean energy.
Governor Cuomo introduced the Energy Highway initiative in the 2012 State of the State address.
The task force made its comments on the Energy Highway at an Advanced Energy Conference held in New York.
The task force highlighted actions by the state Public Service Commission in April to ease transmission congestion, which will help lower electricity prices in downstate New York and support the development of energy projects.
The Public Service Commission and the state-owned New York Power Authority (NYPA) have also started work on contingency plans in case the giant Indian Point nuclear power plant shuts in 2015.
Indian Point is located about 40 miles (64-km) north of Manhattan and provides about a quarter of the power used in New York City. Continued...