LS Power affiliate Great Basin Transmission LLC (GBT) has announced a second open season for the purchase of long-term, point-to-point transmission rights on the Southwest Intertie Project (SWIP). Successful bidders in the second open season (Open Season 2) will secure firm transmission rights to deliver energy to attractive liquid power markets in the West.
During the first SWIP open season (Open Season 1) GBT received proposals for the purchase of transmission rights in amounts that far exceed the available capacity of the SWIP. However, since the conclusion of the bidding period for Open Season 1, GBT has received significant additional interest in the purchase of transmission rights.
GBT will conduct Open Season 2 in parallel with the Open Season 1. In Open Season 2, GBT will also be accepting proposals for the purchase of transmission rights on the Overland Intertie Project.
The SWIP is an above-ground, 500 kV, AC transmission project stretching over 500 miles between southern Idaho and southern Nevada. By providing a new energy connection between the systems in Idaho and Nevada, the SWIP will provide renewable resources with direct and/or viable access to major load centers and attractive energy markets in Nevada, Arizona and California. The SWIP is expecting to begin construction this summer.
The Overland Intertie is an above-ground, 560 mile, AC or DC transmission project between southern Idaho and eastern Wyoming that is being developed by GBT affiliate Jade Energy Associates LLC.
The Overland Intertie will connect directly to transmission-constrained wind generation in eastern Wyoming and transport the energy to Idaho, where the project will connect with the SWIP. Together with the SWIP, the Overland Intertie will take advantage of the diversity provided from some of the best renewable resources in the U.S., including wind, geothermal and solar resources from Nevada, Idaho and Wyoming.
Open Season 1 will continue on its current track, and any contracts for firm transmission rights entered into prior to the deadline for receiving proposals in Open Season 2 will decrease the amount of capacity available in Open Season 2. Bidders who have submitted conforming proposals in Open Season 1 and have not entered into contracts by the proposal submission deadline for Open Season 2 will be considered together with the Open Season 2 proposals.
GBT will hold a bidders conference in Las Vegas on May 21 to provide key information about the Open Season process and the projects.
For more information, visit swipos.com.
SOURCE: Great Basin Transmission LLC