NC identifies billions in transmission projects
The North Carolina Transmission Planning Collaborative (NCTPC) has identified 11 major transmission projects representing more than $318 million in investments over the next decade.
As part of the 2012-2022 Collaborative Transmission Plan for North Carolina (2012 plan), these transmission projects are expected to be implemented by the transmission owners to preserve system reliability and improve economic transfers over the next 10-year planning period. "Major" projects are defined as those requiring transmission investments of more than $10 million.
The collaborative was formed in 2005 to develop a shared plan for electric transmission system enhancements in the state, provide participants and other stakeholders an opportunity to participate in the electric transmission planning process for North Carolina, and develop a single coordinated transmission plan for North Carolina electric utilities that includes reliability and enhanced transmission access considerations.
The NCTPC demonstrates the value of collaboration between North Carolina's electric transmission owners and other electric suppliers, including participants such as Duke Energy Carolinas, Progress Energy Carolinas, North Carolina Electric Membership Corporation and ElectriCities of North Carolina. The collaborative efforts of these organizations aims to appropriately balance costs, benefits and risks associated with the use of transmission and generation resources.
Since its inception, projects totaling $839 million have been identified, with $306 million placed into service through 2012, $197 million currently under construction, and $91 million still in the planning stages. Another $245 million has been deferred or canceled as a result of changing system requirements.
"The NCTPC is an important planning vehicle for joint planning and addressing transmission needs in the Carolinas," said Duke Energy's Sam Waters, chairman of the NCTPC Oversight/Steering Committee. "When we study and evaluate various scenarios, we gain knowledge and insights that can help regulators and policymakers understand potential implications of their decisions."