Dive Summary:
- General Electric's GE Energy Financial Services unit announced on Wednesday that with auction 15 megawatts of bi-directional capacity across a smart grid project in New Jersey.
- The Linden VFT smart grid project is located in Linden, N.J., adjacent to GE's 900-megawatt cogeneration power plant.
- Information on bidding for term last from July 1, 2013-October 31, 2014 has been posted at LindenVFTAuction.com.
From the press release:
"... GE Energy Financial Services will hold the auction in April to sell 15 megawatts of transmission scheduling rights. The scheduling rights will become available on July 1, 2013, and last through October 31, 2014. The project’s customers can use these rights to sell power capacity and energy sourced in the PJM Interconnection, LLC (PJM) regional control area, the largest centrally dispatched electric grid in the world, into the New York Independent System Operator, Inc. (NYISO) regional control area. Linden VFT customers also can route energy from NYISO to the PJM Interconnection.
The Linden VFT smart grid project is located at the intersection of the New York City (NYISO Zone J) and PJM power grids and is capable of transferring 315 megawatts of capacity, enough for up to 315,000 homes. The project is adjacent to GE Energy Financial Services’ 900-megawatt Linden cogeneration power plant. ..."
