NEWS

Notice of Open Solicitation for Generation Suppliers of
Renewable Energy, Associated Capacity and RECS, and
Firming Energy and Capacity
-as well as-
Capacity and Associated Dispatchable Energy


 

The Poseidon Transmission Project

Poseidon Transmission 1, LLC (the “Company”), seeks generation suppliers wishing to offer energy and capacity to PSEG-Long Island LLC via the Poseidon Transmission Project, a 79 mile high voltage, direct current transmission link between PJM and Zone K in the NYISO. Through this Open Solicitation, the Company seeks suppliers capable of collaboration with the Poseidon Transmission Project to furnish new renewable energy, associated capacity and renewable energy credits (RECs), as well as capacity and ancillary services from PJM. The Company seeks to work with one (or more) generation suppliers, in a legal and contracting structure to be negotiated, to submit at least one response to separate requests for proposals (RFPs) recently issued by PSEG-Long Island LLC. Responses to those RFPs are due on May 13 and June 1, 2016. Given these deadlines, this open solicitation provides an expedited response time: responses are required to be received by the Company before March 24, 2016 at 5:00pm. The address is provided below.

Project Specifications

The Poseidon Transmission Project (the “Project”) will consist of a +/-200kV, 500 MW high-voltage direct current, buried transmission line originating from the PJM 500 kV Deans substation in South Brunswick, NJ and terminating in Long Island at LIPA’s 138 kV Ruland Road substation in Melville, NY. The Poseidon line will be buried along its entire 79 mile route, underground in New Jersey, underwater in the Raritan Bay, outer New York Harbor and Atlantic Ocean, and again underground in Long Island. Approximately 21.5 miles lie within New Jersey, 17.75 miles within New York, and the balance in the just-mentioned bodies of water. The project will follow municipal, county, and state roads in New Jersey and New York. Poseidon is also proposing a separate 275 MW line that will also originate at the Deans substation and follow the identical route in New Jersey and underwater until it reaches a point off the eastern portion of the Far Rockaway Peninsula, where it will turn north, make landfall, and will be buried underground until it reaches the Far Rockaways 69kV substation. The Company intends to incorporate the 500 MW version of the Poseidon line in a response to the 2015 Renewable RFP issued by PSEG-LI (available at http://www.pseglirenrfp.com/Index.html) and intends to incorporate the 275 MW version of the Poseidon line in a response that it will submit to the 2016 Western Nassau RFP (available at http://www.psegliwnrfp.com/Index.html).

Open Solicitation Process

Poseidon wishes to prepare RFP responses that include the required generation supply sought by PSEG-LI on behalf of LIPA. Accordingly, Poseidon is initiating an open solicitation process starting March 10, 2016. As of this date, interested parties can access the Poseidon Transmission Project’s website, (www.poseidon-project.com), execute and return a non-disclosure agreement, and will be able to access a more in-depth summary of the Project and a complete description of this open solicitation. The Company will retain a consultant to assist it in objectively evaluating potential generation supplier responses.


Entities interested in participating with Poseidon on either or both of the RFP responses must submit responses to this open solicitation before 5pm on March 24, 2016 to cbruno@anbaric.com. Poseidon will objectively evaluate responses, and all responses must provide the following information: (a) Respondent’s investment grade credit according to generally accepted principles in the financial community, or equivalent means of securing credit support; (b) respondent’s ability to commit to supply obligations for 20 years; and either (c) respondent’s ability to submit (i) one (or more) new renewable energy projects in excess of 75 MW of nameplate capacity meeting the conditions set forth in the 2015 Renewable RFP including, without limitation, the ability to provide firm pricing for the period required in the RFP; and/or (ii) the ability to provide firming energy and capacity for the projects meeting the terms of that RFP; and/or (iii) the ability to bundle according to standard industry practice the products and services listed in items (c)(i) and (ii); or (d) respondent’s ability to submit: (i) one (or more) projects greater than 75 MWs of nameplate capacity and meeting the conditions set forth in the 2016 Western Nassau RFP including, without limitation, the ability to provide firm pricing for the period required in the RFP and (ii) the ability to provide dispatchable energy for the projects meeting the terms of that RFP.

Questions regarding the open solicitation process must be submitted in writing to cbruno@anbaric.com and responses to them will be posted on the Project’s website as soon as practicable.

Additional information may be posted on that same website until the date responses are due.

Project Overview

The 78-mile Poseidon line begins in South Brunswick, New Jersey and connects to Long Island at the Ruland Road substation in Melville. This high-voltage direct current line will be buried underground or underwater over its entire route – leaving no impact on the surrounding environment. The project will help deliver affordable renewable energy to the heart of Long Island’s transmission and distribution network.

 

 

 

 

 

Notice of Open Solicitation

Poseidon Transmission 1, LLC (the “Company”), seeks generation suppliers wishing to offer energy, renewable energy credits, and/or capacity to the New York Power Authority (“NYPA”) via the Poseidon Transmission Project, a 79 mile high voltage, direct current transmission link between PJM and Zone K in the NYISO. Read More…

 

 

 

 

Environmental Benefits

The greatest single challenge in the development of renewable energy remains its cost. Poseidon provides Long Island with renewable energy at an affordable price. The project produces zero air or water emissions in New Jersey and Long Island, helping to safeguard local air quality and aquifers.