JUNO BEACH, Fla., Nov. 12, 2021 /PRNewswire/ -- NextEra Energy
Transmission New York, Inc, a subsidiary of NextEra Energy,
Inc. (NYSE: NEE), today announced that it
has submitted multiple proposals, collectively the
New York Renewable Connect, in response to the New York
Independent System Operator's (NYISO) Long Island Offshore Wind
Public Policy Transmission Need. The proposals help New York meet its offshore wind energy goals
by reinforcing the transmission grid on Long Island and into Southeastern New York.
"For nearly 20 years, NextEra Energy companies have been
supporting New York's energy
needs," said Eric Gleason, president
of NextEra Energy Transmission. "As the largest generator of
renewable energy from the wind and the sun in the world, and the
leader in competitive electric transmission, we support and applaud
New York's clean energy
goals."
The transmission proposals submitted accommodate varying levels
of Long Island offshore wind
injections. Each proposal has been designed to ensure reliable
and cost-effective delivery of offshore wind energy for
New York electric customers. The
proposals include cost containment provisions which
minimize New York
customer financial exposure; and reflect NextEra
Energy Transmission's confidence in its ability to deliver,
given its strong track record of delivering significant
infrastructure projects on time and on
budget. NYISO will be looking at a variety of factors to
evaluate the strength of each proponent's submission and could
select a proposal in the second half of 2022 to move forward with
development and construction.
NextEra Energy is no stranger to transmission projects in New
York. NextEra Energy Transmission New York was awarded the
Empire State Line project in 2017. The Empire State line project
will enable 2,700 megawatts of renewable energy and 1,000 megawatts
of import from Ontario. The Empire
State Line is an important factor in helping New York achieve its renewable energy
goals.
No company is better positioned to support the
development, construction and operation of a large
transmission network than NextEra Energy
Transmission. NextEra Energy companies provide a unique
combination of technical, financial and operational
capabilities that are unmatched in the industry. NextEra
Energy Transmission has been awarded and is developing more
competitive transmission projects in North America than any other company. In
addition, the company has valuable experience operating subsea
transmission lines through its Trans Bay
Cable subsidiary.
NextEra Energy Transmission
NextEra Energy Transmission develops, finances, constructs, and
maintains transmission assets across the continent. NextEra Energy
Transmission operates through its regional subsidiaries to
integrate renewable energy and strengthen the electric grid. The
company's subsidiaries were among the first non-incumbents to be
awarded projects by system operators and utility commissions
in California, New York, Texas, and Ontario.
NextEra Energy Transmission's portfolio includes operating assets
in 10 states and six regional transmission organizations, numerous
projects under development and construction in the
United States, and a project under
construction in Ontario, Canada. To learn more,
visit www.NextEraEnergyTransmission.com.
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SOURCE NextEra Energy Transmission, LLC