The trouble with treating grid projects as market players in New York’s capacity auction.
Edward Krapels is founder and CEO of Anbaric Holding, LLC, a company that develops transmission projects and other energy facilities. William Hollaway is a partner with the law firm Gibson Dunn & Crutcher and is regulatory counsel to Anbaric and other transmission companies. This article is based on a longer paper Krapels prepared for the Regional Plan Association in June 2013.
New York City, according to Sir Peter Hall’s epic 1998 survey, Cities in Civilization, is the “apotheosis of the modern.” Hall cites New York City’s unique geography as compelling technological fixes, and thus New York engineers invented the air brake (Westinghouse), the telephone (Bell), the electric light (Edison), the fountain pen (Waterman), the adding machine (Burroughs) and the linotype (Mergenthaler). Over time, cities age and sometimes ossify, as seen in Detroit. Cities have to reinvent themselves, and that reinvention includes their basic infrastructure: they have to renew roads, bridges, power lines, and water systems.