It is clear that consumers would benefit from opening up more projects like this to competition across the U.S.” said Paul Thessen, President of LS Power. It is significant that all bidders proposed some form of cost containment – a reflection of the value of FERC Order No. “The selection of LS Power’s proposal for the Round Mountain project, together with the selection of LS Power’s proposal for the Gates transmission project in January 2020, is expected to save California consumers hundreds of millions of dollars. LS Power’s project is designed for high availability, meets or exceeds the CAISO specifications, includes cost containment guarantees and will result in costs that are a fraction of the estimated cost provided by the local incumbent utility to the CAISO. The CAISO selection report stated that LS Power’s proposal “will provide lower cost, greater rate certainty, and less cost risk than the proposals of the other project sponsors.” 1000 and selected LS Power’s proposal from a total of 12 qualified proposals, all of which contained some form of cost containment to protect consumers. The CAISO conducted a competitive selection process pursuant to the Federal Energy Regulatory Commission’s Order No. The Round Mountain Project was deemed a critical reliability project by CAISO to mitigate high transmission voltages on the northern California grid. This represents LS Power’s third competitively procured transmission award by the CAISO.
CALIFORNIA ISO ISO
LS Power Grid California, LLC has been selected by the California Independent System Operator (California ISO or CAISO) to finance, construct, own, operate and maintain the Round Mountain 500 kV Area Dynamic Reactive Power Support Project.