Legalectric » WAPA

TANC transmission line “gasping”

July 3rd, 2009

The NYRI line in New York was turned down, PJM has eliminated the Indian River, DE to Salem, NJ segment of MAPP, and TANC is imploding before us! YEAAAAA!

This week, SMUD pulled out of TANC. What does that mean? It means SMUD is paying attention to demand and financing, YEAAAAA, and it means that over 1/3 of the project’s $$$ is MIA, YEAAAA!!!!

From the Modesto Bee:

Power project gasping for cash

Partners don’t see survival without a $525M transfusion

By Ed Fletcher
efletcher@sacbee.com

One of the largest public works projects in the West, a 600-mile high-voltage power line from Lassen County to Turlock and the Bay Area, is on life support after its biggest player abruptly pulled the plug.

A magnet for opposition from landowners whose properties would be crossed by the power lines and environmental activists, the transmission line project was promoted as vital to the region’s clean energy future.

A consortium of municipal power providers said the power lines were needed to bring renewable solar, wind and geothermal energy from the northeast corner of the state to power-thirsty urban areas.

On Wednesday, the Sacramento Municipal Utility District said it was pulling out of the $1.5 billion project, leaving a gaping hole in the budget. SMUD was expected to shoulder 35 percent of the project’s costs.

The Transmission Agency of Northern California, the project’s sponsor, has 15 members. But just five had agreed to fund the project’s environmental impact studies and, if ultimately approved, finance the project.

The remaining participants are the city of Santa Clara, Redding Electric Utility, and the Modesto and Turlock irrigation districts.

The Western Area Power Authority is a federal partner.

On Thursday, those partners grappled with questions about the project’s vitality.

Keeping the project alive means one or more of the remaining players would have to absorb SMUD’s $525 million share, or find a new partner to salvage the project, or even pieces of it, officials said.

Most of the staff and board members of the participating utilities contacted Thursday said they doubted the project will survive, despite the need for additional transmission capacity.

Read the rest of this entry »

Posted by Carol A. Overland

Filed in Transmission