New York Transco
Con Edison Transmission (CET) owns 45.7% of New York Transco, LLC (NY Transco). NY Transco’s mission is to plan, develop, and own new high-voltage electric transmission projects in New York State designed to reduce energy prices for the state’s consumers, facilitate the growth of renewable generation sources, and provide long-term grid reliability.
NY Transco currently has three completed projects: Ramapo to Rock Tavern, Frasers-Coopers Corners, including Marcy South Series Compensation, and Staten Island Unbottling. These projects were selected and built via New York State’s Indian Point Contingency Plan and went into service in June 2016.
NY Transco is currently developing the New York Energy Solution (NYES), a project that will relieve historic congestion on New York’s bulk electric system, while facilitating the delivery of clean energy to downstate demand centers. NYES will upgrade approximately 55 miles of existing utility infrastructure, including installing new monopole towers that will eliminate more than 200 transmission towers in the right of way. NYES was awarded via the New York Independent System Operator’s (NYISO) AC Proceeding in April 2019 under the FERC Order 1000 competitive process. NYES is expected to go into service in 2023.
NY Transco is also developing the Segment B Addition that was identified by the New York State Public Service Commission as a necessary upgrade to be awarded to the same developer that was assigned the project discussed above, the Segment B project. This additional transmission upgrade will facilitate the maximum transfer of electricity into downstate demand centers.
Maine Power Link
CET is partnering with Clearway (the developer of County Wind) and other development partners to propose the Maine Power Link (MPL) that will bring renewable energy from northern Maine to coastal Maine demand centers. MPL is a proposed 350-1,200 MW high-voltage transmission line that will transport the renewable energy generated from the County Wind project. The MPL team is also considering other opportunities in New England states to provide customers with low-cost clean energy.
Please see the Maine Power Link website for more information.
CET is working to be the offshore transmission partner for the Sunrise Wind project, which is being developed by Bay State Wind, a partnership between Ørsted and Eversource. Sunrise Wind is an 880 MW offshore wind farm that will be constructed approximately 30 miles east of Montauk Point, Long Island, and will utilize an approximately 100-mile transmission line to interconnect in Holbrook, Long Island. The project is expected to be in service by 2024 and will create up to 100 new and permanent full-time jobs. Sunrise Wind was awarded a 25-year contract for development through New York State’s first offshore wind renewable energy procurement, helping the state achieve its 9,000 MW goal.
CET operates Con Edison Gas Pipeline and Storage, LLC, which invests in gas pipeline and storage businesses.
Mountain Valley Pipeline
CET holds a minority interest in the Mountain Valley Pipeline (MVP), a project that will deliver natural gas to both the northeast and southeast markets. As proposed, the project is a 2 billion cubic feet per day natural gas pipeline system that spans approximately 303 miles from northwestern West Virginia to southern Virginia. As an interstate pipeline, MVP is regulated by the Federal Energy Regulatory Commission (FERC). MVP has 20-year fixed-price agreements for the pipeline's entire capacity. CET holds a 12.5 percent share of the project but has capped its overall investment and, as a result, is expected to hold approximately 10 percent ownership share once the project is completed. The project is expected to be completed by the end of 2020.
Stagecoach Gas Services
CET owns Stagecoach Gas Services (SGS), a 50/50 joint venture with Crestwood Equity Partners, formed in June 2016. SGS provides a critical link between low-cost natural gas supply and population centers in the Northeast. SGS operates approximately 185 miles of pipeline and 41 billion cubic feet of gas storage capacity across four storage fields in Pennsylvania and New York’s Southern Tier. SGS operates as a FERC-regulated entity and provides market storage and transportation to customers including producers, utilities, marketers, and power generators.
Honeoye Storage Corp
CET is the majority owner and operator of Honeoye Storage Corporation (HSC), which is a 6.7 billion cubic foot natural gas storage field located in Ontario County, New York. HSC has operated as a FERC-regulated facility since 1975 and provides contracted storage services to major Northeast utilities. HSC consists of 27 operating wells, 12 observation wells, 19 miles of gathering lines, 2,750 hp of compression and a 10.5-mile pipeline running north to the Tennessee Gas Pipeline.