Word has reached us from PSC that NYRI has withdrawn its Art. VII filing.
Here is the NYRI press release
NYRI Suspends Its Participation in NY State Transmission Siting ProcessFERC Position Discourages Private Investment in State’s Energy Infrastructure
Albany, NY: April 3, 2009 — New York Regional Interconnect (NYRI) today announced that, while it remains committed to transmission development in New York State, it is suspending its current participation in the New York Public Service Commission (PSC) Article VII process for its 1200MW HVDC project.
The March 31st decision by the Federal Energy Regulatory Commission (FERC) denying NYRI’s request to review the recently approved rules of the New York State Independent System Operator (NYISO) for transmission tariffs has created an unacceptable financial risk for NYRI’s investors. Even if the NYRI project were to be sited by the PSC, NYRI would face the prospect of being unable to recover transmission costs from the ratepayers who would benefit from the project.
lennyesq 