Empire State Connector Corp has filed an application with the Federal Energy Regulatory Commission ("FERC") for authority to negotiate agreements with customers for transmission service on a 260-mile long high voltage direct current ("HVDC") electric transmission line that will deliver 1,000 MW of energy and capacity directly into New York City from zero emission generating sources located in upstate New York.
The project's cables will be routed primarily underwater in the Erie Canal and Hudson River and underground, where necessary, so that the project will have no visual impact. ESC has assumed the full market risk for the $1.5 billion construction cost resulting in no negative impact on ratepayers.
"Our strategic location and innovative, low impact route will "unlock" upstate renewable and zero emission generators helping New York State achieve its ambitious goal of 50 percent renewable generation by 2030," said John Douglas, Empire State Connector Corp. Chief Executive Officer.
The project will be built under a Project Labor Agreement ("PLA") using New York State construction workers and labor unions affiliated with the New York State Building Trades utilizing environmentally-sensitive equipment and techniques. The HVDC submarine cable is manufactured specifically for the project and takes up to a year to manufacture.
It is anticipated the project will create more than 500 construction jobs and 1,200 indirect jobs during the three-to-four-year construction period. Each converter station is estimated to cost upwards of $200 million to construct. The target in-service date for the project is 2021.
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