Cross Sound Cable
The Cross Sound Cable (CSC) is a 39km, 330MW High Voltage Direct Current (HVDC) submarine transmission system linking the electricity grids of New England and New York in the USA. The transmission system is an essential component of the capacity constrained New York and New England electricity markets and operates under US federal regulatory regime. The entire 330MW of transmission capacity of the cable is under a long term contract to Long Island Power Authority (LIPA). This contract provides a high level of revenue certainty for an extended period.
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Description |
A 330MW HVDC submarine cable transmission interconnector system linking the New England and New York transmission grids |
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Asset Class |
Energy Transmission & Distribution |
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Location |
Connecticut and New York, USA |
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Acquired |
February 2006 |
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BBI % ownership |
100% |
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Regulatory Environment |
Regulator, FERC (US Federal Regulator) approval for transmission capacity rate and long term contract until 2032. |
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Customer Base |
Transmission capacity contracted to LIPA, a creditworthy municipal power authority, through June 2032 |
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Asset Age & Condition |
In the early stages of its economic life of > 40yrs |
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Utilisation |
LIPA has contracted for 100% of the 330MW transmission capability |
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Key Drivers |
Revenue inflator applies with capacity rate structure.
Growth in capacity rates are contracted. | |
See the ASX Announcements, Presentations and Related Sites section of this website for more information on this asset.