GE Energy to auction extra capacity
GE Energy Financial Services has announced its plan to auction the extra capacity created by a project it says will bolster the constrained electricity transmission grid serving New York City.
The Stamford, Connecticut-based subsidiary of General Electric plans to transfer an incremental 300 megawatts of capacity from the Pennsylvania/Jersey/Maryland (PMJ) Interconnection, the largest centrally dispatched electric grid in the world, to the federally regulated non-profit New York Independent System Operator (NYISO) grid serving the New York metropolitan area.
NYISO projects that New York City’s peak demand will increase by 1,300 megawatts by 2016. The city’s current summer peak load of
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