ISO-NE Proposes to Advance Eversource & National Grid Ready Path Solution to Ensure Reliability When Mystic Generating Statio...
June 30 2020 - 8:00AM
Business Wire
Ready Path “backstop” solution is
innovative, timely and most cost-effective, saving customers
hundreds of millions of dollars
The Ready Path Solution, a collaboration between Eversource and
National Grid to improve the region’s energy system reliability,
has been singled out by Independent System Operator-NE, the
region’s power grid manager, as the cost-effective solution to
maintain grid reliability following the retirement of the Mystic
Generating Station in 2024.
After a thorough review of 36 bids, ISO-NE is proposing to adopt
the Ready Path Solution, to be developed by National Grid and
Eversource, as the preferred solution to meet the transmission
reliability needs identified in the Boston 2028 RFP. Ready Path
will enable the timely closing of the Mystic generation plant,
removing a fossil-fuel burning facility, while meeting the
reliability needs of the region with an innovative yet
cost-effective solution with minimal community or environmental
impact.
The Ready Path Solution, with an installed cost of $49 million,
is not only the most cost-effective but is also well below the
estimated $175 million annually that New England customers are
currently paying to keep the Mystic Station available. The project
will be built entirely within existing National Grid and Eversource
facilities, is the lowest cost proposal and boasts the earliest
in-service date.
“We are confident that our joint solution will be delivered on
time and will provide significant environmental and financial
benefits to customers throughout our region,” said Eversource
President of Transmission Bill Quinlan. “As operators of New
England’s largest energy delivery system, we have the expertise and
the experience to ensure that our electric system keeps pace with
the evolving needs of our customers.”
“The retirement of Mystic helps reduce fossil fuels from our
energy mix in New England, and this proposal will help ensure
reliable electricity service in the region,” said Rudy Wynter,
National Grid’s President and COO of Wholesale Networks & US
Capital Delivery. “National Grid and Eversource will be able to
cost-effectively deliver these critical infrastructure projects on
time to meet the needs of Greater Boston.”
Following the June ISO-NE report singling Ready Path out for its
low-cost and timetable for construction, National Grid and
Eversource are also announcing the public launch of the project’s
online home, greaterbostonreadypath.com which will be a cornerstone
of the companies’ outreach efforts to stakeholders, customers and
residents.
Members of the public are encouraged to engage with the project
team on questions about the innovative reliability solution by
emailing outreachteam@greaterbostonreadypath.com or calling the
dedicated project hotline at 1-833-GB-READY. As part of the
companies’ commitment to building on lasting partnerships with
their host communities and neighbors, the Ready Path team is
committing to a robust outreach and communications effort
throughout the permitting and construction process.
According to ISO-NE, the closing of the Mystic Generating
Station could create significant reliability risks in the Boston
area, including overloaded transmission lines and overall system
instability. Eight developers submitted a total of 36 proposals to
ISO-NE, which ranged in cost from $49 million to $745 million. The
Ready Path Solution also offers the following benefits:
- Maximizes the use of existing transmission facilities in the
Boston area;
- Keeps upgrades entirely on properties already in use by the
energy companies, minimizing environmental and community
impacts;
- Will be in-service several months prior to the planned Mystic
Station retirement;
- Capitalizes on the strong financial capabilities and
unparalleled expertise of two companies that develop and construct
transmission projects in Massachusetts and throughout New
England.
Construction would include installing new equipment at
Eversource’s existing North Cambridge substation and National
Grid’s Tewksbury, Amesbury and Haverhill substations. Upon
completion, the system enhancements and upgrades will address all
of the identified system reliability issues resulting from Mystic
Generating Stations’ retirement in 2024.
ISO-New England is expected to make its decision in
mid-July.
National Grid (NYSE: NGG) is an electricity, natural gas, and
clean energy delivery company serving more than 20 million people
through our networks in New York, Massachusetts, and Rhode Island.
National Grid is transforming our electricity and natural gas
networks with smarter, cleaner, and more resilient energy solutions
to meet the goal of reducing greenhouse gas emissions. For more
information, please visit our website, follow us on Twitter, watch
us on YouTube, friend us on Facebook, and find our photos on
Instagram.
Eversource (NYSE: ES), celebrated as a national leader for its
corporate citizenship, is the #1 energy company in Newsweek’s list
of America’s Most Responsible Companies for 2020 and recognized as
one of America’s Most JUST Companies and the #1 utility by Forbes
and JUST Capital. Eversource transmits and delivers electricity and
natural gas and supplies water to 1.8 million customers throughout
Massachusetts, including approximately 1.5 million electric
customers in 139 communities, nearly 300,000 gas customers in 51
communities, and 19,800 water customers in five communities.
Eversource harnesses the commitment of approximately 8,300
employees across three states to build a single, united company
around the mission of safely delivering reliable energy and water
with superior customer service. The #1 energy efficiency provider
in the nation, the company is empowering a clean energy future in
the Northeast, with nationally-recognized energy efficiency
solutions and successful programs to integrate new clean energy
resources like solar, offshore wind, electric vehicles and battery
storage, into the electric system. For more information, please
visit eversource.com, and follow us on Twitter, Facebook,
Instagram, and LinkedIn. For more information on our water
services, visit aquarionwater.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200630005351/en/
Reid Lamberty, Eversource 617-424-2108
reid.lamberty@eversource.com
John Lamontagne, National Grid 339-223-6088
John.Lamontagne@nationalgrid.com
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