US DoE plans presidential permit for Champlain Hudson transmission

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
US DoE plans presidential permit for Champlain Hudson transmission

Transmission Developers Inc., a Blackstone portfolio company, has announced that the United States Department of Energy (DOE) has issued a Presidential Permit for the Champlain Hudson Power Express a 1,000MW buried transmission line that will connect New York City and Quebec.

A Presidential Permit is required for the construction, operation, maintenance and connection of electric transmission facilities at the international borders of the United States.

The Champlain Hudson Power Express is a completely buried, 333-mile HVDC transmission line that will be installed underground and underwater, originating at the U.S.-Canada border and running the length of Lake Champlain and through parts of the Hudson River to New York City.

In development since 2008, the US$2.2 billion project will bring 1,000 MW of clean, reliable energy to meet growing needs and is at the forefront of America’s emerging “smart grid” revolution. The project is projected to reduce energy costs for consumers and businesses by US$650 million a year once complete.

The project will also diversify the state’s energy portfolio, and increase the electric grid’s safety and security by creating new, hardened infrastructure that is less susceptible to damage from natural disasters. The construction period is estimated at about four years.

In August, the DOE issued a Final Environmental Impact Statement for the project that reflected review and input from the U.S. Army Corp of Engineers, U.S. Fish and Wildlife Service, Coast Guard, and the Environmental Protection Agency, as well as the N.Y.S. Departments of Environmental Conservation and Public Service. DOE also consulted with the National Marine Fisheries Service.

Champlain Hudson Power Express now awaits permits from the Army Corps of Engineers, which are expected soon. Current plans call for construction to begin in early 2015, with an in-service date of late 2018.
List of country news

Country news

  • October 09, 2014

    Blackstone to acquire and develop CO2 Enhanced Oil Recovery Assets in the United States

    Windy Cove Energy, LLC, Blackstone Energy Partners and affiliates of Blackstone, have announced the formation of Windy Cove and a concurrent commitment to invest up to US$700 million of equity to acquire and develop CO2 Enhanced Oil Recovery (EOR) assets in the United States. Read more
  • October 10, 2014

    Infrastructure Capital Advisors launches InfraCap MLP ETF

    Infrastructure Capital Advisors, a New York City based investment advisor specializing in energy, Master Limited Partnerships (MLPs), and other key infrastructure sectors, recently launched the InfraCap MLP ETF (AMZA), the first actively-managed exchange traded fund (ETF) offering pure MLP exposure. Read more
  • October 10, 2014

    Summit Power appoints new CEO

    Summit Power has appointed Jason Crew as chief executive officer and member of the board of directors effective Oct. 6, 2014. Current Summit CEO Eric Redman will assume the role of co-chairman of the board of directors, continuing to focus on the Texas Clean Energy Project (TCEP) and other large priority projects. Read more
  • October 13, 2014

    EIG Global Energy Partners to invest US$ 125 million in Greenko

    Greenko, the Indian developer, owner and operator of clean energy projects, has announced that its subsidiary Greenko Mauritius, has secured commitment for a US$125 million investment from EIG Global Energy Partners, Washington, D.C. Read more
  • October 14, 2014

    Goldman Sachs MLP and Energy Renaissance Fund raises $1.4 billion in IPO

    Goldman Sachs Asset Management, L.P. (GSAM) announced in late September the public listing of the Goldman Sachs MLP and Energy Renaissance Fund, now trading on the New York Stock Exchange under the ticker symbol “GER.” Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.