Stamford, Connecticut-based GE Energy Financial Services announced on December 11 that it is now able to offer additional electric transmission capacity into New York City from its Linden, New Jersey-based Variable Frequency Transformer (VFT) smart grid project , which offers a simple and controlled transmission path between electrical grids.
GE is making an additional 15 megawatts (MW) of reservation rights available through the PJM OASIS (Open Access Same-time Information System).
The VFT project—which can provide New York City with additional power—is located at the intersection of the NYISO Zone J (New York City) and PJM power grids. Constructed adjacent to GE Energy Financial Services’ 900-megawatt Linden cogeneration power plant, the project provides 315 megawatts (MW) of transmission capacity—enough to power up to 315,000 homes.
Photo courtesy of PJM
Center City, Pennsylvania-based PJM is a regional transmission organization (RTO) that coordinates the movement of wholesale electricity in all or parts of 13 states and the District of Columbia. The Open Access Same-Time Information System (OASIS) provides information by electronic means about available transmission capability for point-to-point service and a process for requesting transmission service on a non-discriminatory basis. OASIS enables transmission providers and transmission customers to communicate requests and responses to buy and sell available transmission capacity offered under the PJM Open Access Transmission Tariff.
This allows market participants -- on a first-come, first-serve basis -- to obtain either firm or non-firm reservation rights to transmit energy, sourced in the PJM Interconnection, L.L.C. (PJM) regional control area, into the New York Independent System Operator, Inc. (NYISO) regional control area.
The Linden VFT customers also will be able to use the PJM OASIS system to obtain reservation rights to route energy from NYISO to PJM. Service is being offered under the terms of Schedule 16 of the PJM Open Access Transmission Tariff (Transmission Service on the Linden VFT Facility), as well as Schedule 16A. Access to the PJM OASIS reservation system is provided here.
The Linden VFT project commenced commercial operation in late 2009 and has successfully demonstrated the flexibility to flow power in both directions between NYISO and PJM power grids. The variable frequency transformers provide a precise control path between electrical grids, permitting power exchanges that were previously impossible because of technical constraints. They enable transmission system operators at PJM and NYISO to control power flows with high reliability, speed and efficiency, while offering flexibility in how utilities meet growing energy demand. The reliable power flow also provides customers with more diverse and lower-cost power sources.
GE Energy Financial Services’ leadership of this project demonstrates its commitment to solving a wide range of energy needs, in part, through investing in and the financing of transmission projects. GE Energy Financial Services holds equity investments in power projects, which it either operates itself or contracts for management by third parties, with a capacity to produce 30 gigawatts.
Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Miami 2013, Jan 29- Feb. 1 in Miami, Florida. Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.
Edited by Brooke Neuman