Clarke Bruno - Governors` Wind Energy Coalition

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Transmission:
From Policy to Projects
One Company’s Perspective
November 4, 2011
Clarke Bruno
1
• Anbaric business model
• States as catalysts
2
Anbaric – Our Business Model
• Anbaric incubates and develops
transmission lines to:
–Integrate regional markets;
–Bypass bottlenecks or reduce
congestion; and
–Bring renewables, esp. offshore
wind, to load.
3
Anbaric – Our Business Model
• We rely on states as catalysts, to move from
policy to projects:
– Competitive, transparent RFP;
– Procurement from credit-worthy
counterparty; and
– Apportion economic risk.
4
Anbaric-Incubated Projects
Neptune Regional Transmission System
– From Sayreville, NJ to Long Island NY
– 65 mile, 660 MW HVDC line
– Total cost - $700MM,COD June 2007
Hudson Transmission Project
– From Ridgefield, NJ to Manhattan
– 9 mile, 660 MW HVDC
– Total cost - $800MM, COD early summer 2013
5
6
Anbaric Pipeline -- @$4.5 billion
• Integrate regional electricity markets
– West Point Project (Albany to Buchanan, NY);
– Champlain Wind Link (Plattsburgh, NY to Burlington, VT);
and
– Green Line (coastal Maine to Boston, MA)
• Offshore wind to population centers
– Massachusetts @ 2000 MW;
– New Jersey @ 1100 MW; and
– Hawaii @ up to 600 MW
7
States – Catalysts
• Catalysts
– Policy driven vision – ratepayer cost, reliability,
competition, renewables, industrial policy, build
grid as a public good, RPS goals
– Economic benefits – “demand drives deal”
8
States – Catalysts
• From policy to projects
– Time and risk
– Competitive RFP
– Transparent selection process
– Fixed price vs. cost plus bid
9
States – Catalysts
• From policy to projects
– Roles for incumbent utility, gov’tal entity
– Willing counterparty – an entity to sign contract
– Shared project risk
– Time and risk
• Beware: cost allocation
10
Contact Information
Clarke Bruno
Anbaric Transmission
401 Edgewater Place, Suite 640
Wakefield, MA 01880
Direct: (781) 683-0710
[email protected]
www.AnbaricTransmission.com
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