Proposed Hudson Valley Power Line Project is a Misguided Attempt to Prop Up Investor-Owned Utilities, Delaying Locally Generated Renewable Energy, According to New Report
WASHINGTON–(BUSINESS WIRE)–A policy paper, The Hudson Valley “Energy Highway” transmission project: An idea whose time has passed?, was published today by the National Institute for Science, Law & Public Policy (NISLAPP) in Washington, D.C.
“Hudson Valley Transmission Line Plan: Assessing Need and Alternatives.”
Authored by Senior Research Fellow, Timothy Schoechle, PhD, the analysis of risks says the proposed billion-dollar transmission project was conceived within an out-of-date “cost-of-service” and fossil fuel-based energy paradigm and should not be built.
“New York State would be making an enormous and costly, wasteful, and strategic mistake to allow the Hudson Valley transmission project to proceed any further,” says Dr. Schoechle. “The ongoing capital spending trajectory of the utility industry places it on a collision course with the technology and economics of distributed renewable energy—the path to an abundant, clean energy future for NY State and the nation.”