GE To Sell Off 225 MW Of Capacity In NY Smart Grid Project

Law360, New York (April 9, 2012, 6:57 PM EDT) -- A General Electric Co. unit plans to put 225 megawatts of bidirectional electricity transfer capacity from a smart grid project in New York on the auction block in June, the company announced Monday.

The transmission scheduling rights, which will be carved into nine blocks of 25 MW, are set to become available in November after current merchant contracts expire, according to GE Energy Financial Services. Open-season bidders can scoop up the blocks for terms as short as one year to as long as 10 years and...
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