Transmission upgrades change NE price dynamics
ISO New England’s 2002 Regional Transmission Expansion Planning report proposes $890 million in upgrades and expansions aimed at increasing reliability and reducing congestion. ESAI, Boston, sees the southwest Connecticut Phase I project as having a high probability of completion and conducted a strategic transmission analysis of the impact of this project on the New England system. The new 345 kV line eased the strain on the existing southwest Connecticut system and allowed more Connecticut, N.Y. and New England power to flow freely into the area. In economic terms, the Conn. Zonal premium to New England dropped by more than 30 percent.
DTE Energy completes sale of transmission business
DTE Energy completed the sale of its transmission business subsidiary, International Transmission Co. (ITC), to an investor group including Kohlberg Kravis Roberts & Co. and Trimaran Capital Partners LLC for about $610 million cash. The transaction includes ITC’s and its parent, DTE Energy’s, system of 3,000 miles of high voltage electric transmission lines and associated facilities and easements.
LeT launches outage management system (OMS) module
LeT Systems launched emPower, its latest software solution for distribution utilities, a resource planning module designed to add new levels of performance to customer restoration estimates and emergency and disaster recovery following any outage incident. The design specification for the module is the result of several top-rated utilities brainstorming with EPRI as part of the Outage Mitigation and Recovery Target project. Each company presented an ideal functionality list of design parameters around which the product took shape. After being short-listed and then presenting to more than 25 utilities, LeT Systems was awarded the job and emPower is now part of the company’s eRespond OMS.