Con Edison Transmission’s Maine Power Express Project Moves Forward in New England
08 November 2017 - 3:26AM
Con Edison Transmission’s Maine Power Express project has achieved
a significant project development milestone.
An infographic accompanying this announcement is available
at http://www.globenewswire.com/NewsRoom/AttachmentNg/73a1447b-29b4-4386-b514-c5a3cc664ee7
Maine Power Express has secured a key regulatory approval this
week as ISO New England officially determined that the clean energy
project can reliably interconnect with the regional electric grid
in Boston, MA. By approving the project’s I.3.9 application, ISO
New England determined Maine Power Express will not have a
significant, adverse effect on the reliability or operating
characteristics of the regional grid and its participants. All
energy projects must secure this approval in order to be connected
to the New England grid.
Maine Power Express is a proposed transmission line that will
carry 1,040 megawatts of clean, reliable power underground and
undersea from Northern Maine to Boston Massachusetts. Maine Power
Express is competing in the Massachusetts Clean Energy RFP that is
offering 20 year Power Purchase Agreements (PPAs) for renewable
energy and associated transmission.
The approved I.3.9 by ISO New England puts Maine Power Express
as only one of four projects of the proposed eight transmission
proposals that have achieved this significant milestone.
Con Edison Transmission has obtained exclusive rights to develop
Maine Power Express and is expected to be the owner and operator of
the project. Con Edison Transmission has received significant
interest from renewable and non-renewable generators in potential
use of Maine Power Express for transmission transport.
About:
Maine Power Express: Maine Power Express, LLC
(MPX, LLC) is a Joint Venture between Loring Holdings, LLC,
National Resources Energy, LLC, and Transmission Developers, Inc.
MPX, LLC has assembled an expert team of development and strategic
partners to design, engineer, permit, finance, construct and
operate the MPX Project. For more information, visit:
www.mainepx.com
Con Edison Transmission, Inc.: Con Edison
Transmission, Inc. (CET) is a subsidiary of Consolidated Edison,
Inc. (NYSE:ED), one of the nation’s largest investor-owned energy
companies, with approximately $12 billion in annual revenues and
$49 billion in assets. CET invests in electric and gas transmission
projects. For additional information, visit:
www.conedtransmission.com
Contacts:
MPX – Ryan Gahagan, (207) 551-3131,
ryan.gahagan@mainepx.com Con Edison – Con Edison Media
Relations, (212) 460-4111, clendeninm@coned.com
Consolidated Edison (NYSE:ED)
Historical Stock Chart
From Apr 2024 to May 2024
Consolidated Edison (NYSE:ED)
Historical Stock Chart
From May 2023 to May 2024