Transmission Owner Transmission Solutions
The Transmission Owner Transmission Solutions (TOTS) was a group of three electric power bulk transmission projects constructed on the New York bulk transmission system to increase transfer capability between Upstate New York and Downstate New York. The projects were in-service by June 2016. The projects were proposed by a consortium of the state's seven Investor-Owned Utility (IOU) companies (New York Transco (Transco), composed of Consolidated Edison, Orange and Rockland, PSEG-Long Island, Central Hudson, National Grid, New York State Electric and Gas, and Rochester Gas and Electric) in response to a New York State Public Service Commission (NYSPSC) appeal for Indian Point contingency plans in the event that the 2,060-MW Indian Point power facility were to retire. The shutdown of the Indian Point facility has been a policy goal of Governor Andrew Cuomo since before he began his administration in New York in 2011. The TOTS projects are estimated to have costed $240 million to construct. Construction costs were divided between the seven Transco utilities and the New York Power Authority (NYPA). The IOUs are receiving a 10% return on equity (approved by the Federal Energy Regulatory Commission) for construction of the projects which is being recovered through retail consumer rates