Dive Summary:
- A transmission line capable of moving 1,000 megawatts of hydropower from Québec to New York City was approved by the New York Public Service Commission on Thursday.
- The Champlain Hudson transmission line will cost $2.2 billion and provide 300 jobs during the 3.5 year construction led by Transmission Developers Inc., a private company of Blackstone Group LP.
- Transmission Developers will use high-voltage direct current technology resulting in a giant extension cord spanning 335 miles underground.
From the article:
"The PSC said the project could provide up to 10 percent of the power used in New York City and would probably reduce power costs there and in the rest of the state."