Eversource & National Grid Applaud ISO-New England’s Choice of the Ready Path Solution to Ensure Reliability When Mystic Ge...
July 27 2020 - 10:14AM
Business Wire
Eversource and National Grid today applauded the decision by
ISO-New England, the regional transmission operator, to select the
Ready Path Solution, a collaboration between the two utilities, as
the cost-effective solution to maintain grid reliability following
the retirement of the Mystic Generating Station in 2024.
According to ISO-New England, the closing of the Mystic
Generating Station could create significant reliability risks in
the Boston area, including overloaded transmission lines and
overall system instability. Recognizing the issues, in December
ISO-New England issued a request for proposals (RFP) to address the
region’s transmission needs once the Mystic facility is
retired.
After a thorough review of 36 bids submitted by eight
developers, ISO-NE selected the Ready Path Solution as the answer
to meet the transmission reliability needs identified in the
RFP.
The project will enable the timely closing of the Mystic
facility in 2024 and meet the reliability needs of the region,
while installing an innovative, cost-effective solution that would
have minimal community or environmental impact. The Ready Path
Solution has an installed cost of $49 million, by far the most
cost-effective of the proposals submitted to the ISO-NE. The
project will also allow for the timely closure of the Mystic plant,
which costs New England customers an estimated $175 million
annually to keep the station available.
The project will be built entirely within existing National Grid
and Eversource facilities and boasts the earliest in-service
date.
“We’re pleased ISO-NE has chosen our joint solution and are
confident that we will deliver this project on time,” said
Eversource President of Transmission Bill Quinlan. “The Ready Path
Solution will provide significant environmental and financial
benefits to customers throughout the region, and our expertise to
effectively execute and maintain this solution ensures that our
electric system keeps pace with the evolving needs of our
customers.”
“National Grid and Eversource have partnered to propose a
project that will cost-effectively meet the region’s reliability
needs and allow the timely closure of the Mystic station,” said
Rudy Wynter, National Grid’s President and COO of Wholesale
Networks & US Capital Delivery. “We’re pleased ISO-New England
has recognized the Ready Path Solution as the best answer for the
Greater Boston area and we look forward to moving ahead with this
project soon.”
The Ready Path Solution:
- 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.
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.
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
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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/20200727005544/en/
Reid Lamberty, Eversource 617-424-2108
reid.lamberty@eversource.com
John Lamontagne, National Grid 339-223-6077
John.Lamontagne@nationalgrid.com
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