The Federal Energy Regulatory Commission (FERC) approved an unspecified funding arrangement for a major transmission project to link Hydro-Quebec with ISO New England that would deliver low-cost hydropower to consumers in the New England region. The project is expected to reduce greenhouse gas emissions by four to six million tons of CO2 per year by displacing gas-fired generation in New England. According to FERC, "Northeast Utilities Service Company, NSTAR Electric Company and Hydro-Quebec TransEnergie are currently negotiating a joint development agreement for the design, planning and construction of a 1,200 megawatt high voltage transmission line that will cross over the U.S.-Canadian border and connect to ISO-New England’s backbone 345 kV transmission system. This expansion will make significant amounts of surplus hydropower available for export to the United States." Says FERC Chairman Jon Wellinghoff, “This project provides the opportunity for consumers in a region of the country that has tight constraints on electricity supplies to get access to clean, low-cost energy.” Under a participant funding plan, the project costs will not be included in the rates for transmission service under ISO New England’s Open Access Transmission Tariff.
2023-11-20 - Here’s a roundup of the latest E&P headlines, including expanded work offshore Gabon and new contract awards.
2023-11-16 - CGG received industry funding for the project and will deliver early products in December 2023 and final results in August 2024.
2023-11-15 - As part of the funding opportunity, the DOE said it is prioritizing next-generation technologies, battery chemistries and lithium-based technologies.
2023-11-15 - BP’s Copilot generative AI tool is expected to boost productivity by automating daily tasks.
2023-11-14 - In this week's Tech Trends, Joel Shaw walks Hart Energy's Jennifer Pallanich through Silverwell's premium gas lift tools and the cost competitive versions that can be customized to customer needs.