GE Energy Financial Services will auction 225 MW of bi-directional electricity transfer capacity from its Linden variable-frequency-transformer smart-grid project at the intersection of the New York City and PJM Interconnection power grids.
GE Energy Financial Services will hold the auction in June to sell nine blocks of 25 MW of transmission scheduling rights that will become available on Nov. 1.
These blocks can be used by the project's customers to sell power capacity and energy sourced in the PJM Interconnection, the largest centrally dispatched electric grid in the world, into the New York Independent System Operator (NYISO) and its zone serving the New York metropolitan area.
