In April and May of 2022, Linden VFT, LLC (an affiliate of General Electric Company) will conduct an open solicitation to sell 315 MWs of transmission scheduling rights (“TSRs”) pertaining to its Linden Variable Frequency Transformer Project (“Linden VFT”). The TSRs will be sold for a term beginning June 1, 2023. The term length of the TSR purchase agreements will be specified by the bidder, with a minimum term of one year.
The Linden VFT TSRs allow for the withdrawal (or injection) of power at the Linden VFT switching station near Linden, NJ and the injection (or withdrawal) of power near the Goethals Substation in the Borough of Staten Island, New York City. As a result, the TSRs can be used to sell energy and capacity sourced in PJM into New York ISO (“NYISO”), as well as energy and capacity sourced in NYISO into PJM.
The Brattle Group will serve as the Independent Solicitation Manager (“ISM”) for this open solicitation process.
This website has been established by the ISM to host materials and facilitate communication related to this open solicitation. Since it is the primary means of direct communication between the ISM and potentially interested bidders, it is essential that potentially interested bidders register through the Registration section of this website.
Prospective bidders also should review this Information Memorandum. This document provides an overview of the open solicitation process and additional information regarding the VFT technology and the potential economic benefits of the TSRs.
This website is divided into the following sections:
- Home: where periodic announcements from the ISM will be posted;
- Solicitation FAQ: contains answers to questions submitted to the ISM;
- Ask the Manager: prospective bidders should submit any questions they have to the ISM through this page;
- Calendar: a list of important dates;
- Documents & Data: contains links to several important public documents;
- Confidential: contains links to several important confidential documents. Interested bidders can access certain confidential documents by completing and submitting a signed confidentiality agreement (see the Documents & Data section);
- Registration: a template that interested bidders may complete to receive email announcements about the solicitation;
- Bid Submittal: registered bidders can submit their bid forms on this page.