BOSTON, April 17, 2013 /PRNewswire/ -- Anbaric Transmission today announces release of a "Transmission Customer Open Solicitation" for the Grand Isle Intertie Project ("GII") between Plattsburgh, New York and Essex, Vermont. GII is a new 230kV phase angle regulator ("PAR") controlled, 34-mile alternating current transmission line capable of flowing 400 megawatts of electricity between upstate New York (from a substation in Plattsburgh) and Vermont (at a new Vermont Electric Power Company substation to be located near Essex, VT).
The open solicitation is the first of its type issued by Anbaric Transmission. It is being conducted in accordance with new guidelines issued by the Federal Energy Regulatory Commission in a Final Policy Statement issued on January 17, 2013 on the "Allocation of Capacity on New Merchant Transmission Projects and New Cost-Based, Participant-Funded Transmission Projects: Priority Rights to New Participant Funded Transmission."
Ed Krapels, founder of Anbaric Transmission states, "We are excited to enlist FERC's new open solicitation process as a method of selecting customers for the Grand Isle Intertie Project. We expect to attract substantial interest in the capacity of the line. This solicitation process is one of many steps in a long process whereby the environmental, economic and grid reliability value of this project to the participants and to the region will be established."
The Grand Isle Intertie Project is being undertaken by GII Development LLC ("GIID, LLC"), a wholly owned subsidiary of Anbaric Holding, LLC. Through this solicitation GIID LLC will select customers with whom to discuss the criteria outlined in the open solicitation. A copy of the "Transmission Customer Open Solicitation" can be obtained from the Grand Isle Intertie web site located at www.AnbaricTransmission.com.
Anbaric Transmission is an active developer of independent transmission projects that include the Neptune Regional Transmission System and the Hudson Transmission Project.
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SOURCE Anbaric Transmission