Common use of Project Overview Clause in Contracts

Project Overview. The Developer of this Project is Consolidated Edison Company of New York, Inc., the local electric utility serving the five (5) boroughs of New York City. The Project responds to a Reliability Issue that arose during December of 2011, and February 2012, when Astoria Generating Company, L.P. gave formal notice to the NYS PSC and NYISO of its intent to mothball both Astoria Unit 2 and Astoria Unit #4, respectively. In order to mitigate the Reliability Issue beginning the summer of 2012, the Developer has embarked on an aggressive project schedule to implement the Project. All of the work required will not be completed by summer of 2012, so a two (2) phase approach is being utilized. The Project consists of a transmission connection between the Con Edison 138kV Astoria East Substation and the New York Power Authority’s (NYPA) 345kV Astoria Annex GIS Substation (the “Astoria Annex”). NYPA is the Connecting Transmission Owner, as it is the owner of the Astoria Annex Substation, the Q 35L and Q 35M transmission feeders, and associated shunt reactors, breakers, grounding equipment, fencing and other equipment. The Point of Interconnection for Phase 1 (POI-Phase 1”) of the Project will be at the Connecting Transmission Owner’s Astoria Annex 345 kilovolt (“kV”) Gas Insulated Switchgear (“GIS”) substation (“the Astoria Annex”) between existing circuit breaker R2 and Reactor 2. As part of Phase 1, new relay protection panels and associated equipment, as indicated in figure A-1 are being installed in the Astoria Annex relay rooms, designated as the Line 1 and Line 2 relay panels in their respective relay rooms. The Point of Interconnection for Phase 2 (“POI-Phase 2”) of the Project will be on a permanent basis at the air to GIS bushing on the Connecting Transmission Owner’s Astoria Annex 345 kilovolt (“kV”) GIS, which is between existing circuit breaker 3 and circuit breaker 5, as indicated in figure A-2. Phase 2 includes additional relay protection panels and associated equipment. Upon completion of Phase 2, the relay protection system will be moved to bus section 3-5, and the relay panels installed during Phase 1 will be retired, removed, and replaced by Developer at no cost to the Connecting Transmission Owner. Upon completion of Phase 2, three wood poles, with their cross arms and guide wires will also be removed at no cost to the Connecting Transmission Owner. The Astoria Annex 345kV Substation is an existing indoor GIS design and is configured as a ring bus as shown on Figures A-1 and A-2.

Project Overview. The Developer of this Project is Consolidated Edison Company of New York, Inc., the local electric utility serving the five (5) boroughs of New York City. The Project responds to a Reliability Issue that arose during December of 2011, and February 2012, when Astoria Generating Company, L.P. gave formal notice to the NYS PSC and NYISO of its intent to mothball both Astoria Unit 2 and Astoria Unit Xxxx 0 xxx Xxxxxxx Xxxx #40, respectively. In order to mitigate the Reliability Issue beginning the summer of 2012, the Developer has embarked on an aggressive project schedule to implement the Project. All of the work required will not be completed by summer of 2012, so a two (2) phase approach is being utilized. The Project consists of a transmission connection between the Con Edison 138kV Astoria East Substation and the New York Power Authority’s (NYPA) 345kV Astoria Annex GIS Substation (the “Astoria Annex”). NYPA is the Connecting Transmission Owner, as it is the owner of the Astoria Annex Substation, the Q 35L and Q 35M transmission feeders, and associated shunt reactors, breakers, grounding equipment, fencing and other equipment. The Point of Interconnection for Phase 1 (POI-Phase 1”) of the Project will be at the Connecting Transmission Owner’s Astoria Annex 345 kilovolt (“kV”) Gas Insulated Switchgear (“GIS”) substation (“the Astoria Annex”) between existing circuit breaker R2 and Reactor 2. As part of Phase 1, new relay protection panels and associated equipment, as indicated in figure A-1 are being installed in the Astoria Annex relay rooms, designated as the Line 1 and Line 2 relay panels in their respective relay rooms. The Point of Interconnection for Phase 2 (“POI-Phase 2”) of the Project will be on a permanent basis at the air to GIS bushing on the Connecting Transmission Owner’s Astoria Annex 345 kilovolt (“kV”) GIS, which is between existing circuit breaker 3 and circuit breaker 5, as indicated in figure A-2. Phase 2 includes additional relay protection panels and associated equipment. Upon completion of Phase 2, the relay protection system will be moved to bus section 3-5, and the relay panels installed during Phase 1 will be retired, removed, and replaced by Developer at no cost to the Connecting Transmission Owner. Upon completion of Phase 2, three wood poles, with their cross arms and guide wires will also be removed at no cost to the Connecting Transmission Owner. The Astoria Annex 345kV Substation is an existing indoor GIS design and is configured as a ring bus as shown on Figures A-1 and A-2.