As an outcome of the 2021-2022 Transmission Planning Process, the California ISO selected LS Power Grid California, LLC as the approved project sponsor to finance, construct, own, operate and maintain the Newark - Northern Receiving Station HVDC Project. LS Power Grid California, LLC is a wholly owned subsidiary of LS Power Associates, L.P.
The ISO conducted a comparative analysis of four qualified project sponsors and their applications. The analysis included assessing the degree that each project sponsor met the selection factors under ISO tariff section 24.5.4 and the qualification criteria under the ISO tariff section 24.5.3.1.
Per the ISO tariff section 24.5.5: Within 10 Business Days after selecting an Approved Project Sponsor(s) for a needed transmission solution, the ISO will post on the ISO website a report regarding the selection of the Approved Project Sponsor(s).
The selection report concluding the competitive solicitation process for this project will be available on the 2021-2022 Transmission Planning Process webpage.
More information on the 2021-2022 transmission planning process for this project is available on the process webpage. |