Big Step Forward For Hydropower Cable
Submitted by Dan Hendrick on Thu, 2012-03-01 11:38.
A project to bring more clean, hydroelectric power to New York took a big step forward this week.
Transmission Developers Inc., headquartered in Albany, has reached agreement with state agencies, municipal governments and environmental groups on its plan for the Champlain Hudson Power Express transmission line.
The line will bring hydropower from Canada to the New York City area, using cables installed underground and underwater in the Hudson River.
The company says the project will produce an annual benefit of $650 million to consumers from lower energy costs, and that it will create 2,400 new jobs across a wide sector of the economy.
Strategically, the cable is also important in the context of Indian Point. Gov. Andrew Cuomo has expressed interest in closing the nuclear power plant in Westchester County, but there needs to be more replacement power available to do so without causing blackouts.
The hydropower line would create a new source of energy that, along with other sources, might be enough to offset the loss of Indian Point.
Riverkeeper and Scenic Hudson, two important environmental groups, dropped their opposition to the project this week and now support the underwater cable.
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