New York Transco
New York Transco is a regulated electric transmission developer and operator in New York State, owned by subsidiaries of Con Edison, National Grid, Avangrid, and CH Energy Group, that builds and operates high-voltage transmission lines and substations under the NYISO Open Access Transmission Tariff to serve all New York load serving entities.
- Company typePrivate
- Founded2014
- HeadquartersHudson, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What New York Transco does
New York Transco is a New York State-focused electric transmission developer, owner, and operator, privately held as an LLC by subsidiaries of four major investor-owned utilities: Con Edison, National Grid, Avangrid, and CH Energy Group. The company designs, permits, builds, and operates high-voltage transmission infrastructure, including 345 kV and 115 kV lines, substations, and specialized grid equipment such as Phase Angle Regulators, 240 MVAR series capacitor banks, and storm-resilient monopoles. Its portfolio spans the New York Energy Solution (55 miles), Rock Tavern to Sugarloaf (12 miles), Fraser to Coopers Corners (21 miles), Ramapo to Rock Tavern, Staten Island Unbottling, and the recently energized Dover Station in Dutchess County.
The company's largest pipeline asset is the $3.26 billion Propel NY Energy transmission solution, developed jointly with the New York Power Authority to address reliability gaps in Long Island, New York City, and Westchester County, with construction beginning in 2026 and targeted in-service by mid-2030. An "Energy Link NY" sub-brand has been used to propose offshore wind integration into New York City. Services also include transmission planning criteria and interconnection guidelines for third-party generators, published pursuant to FERC Order 890 and NYISO tariffs.
New York Transco operates as a regulated transmission utility under the NYISO Open Access Transmission Tariff. Revenue requirements are set annually each September for the subsequent calendar year and billed to all load serving entities in New York State through the NYISO billing process, making this a recurring, regulatorily determined revenue stream rather than a commercially negotiated one. The company employs approximately 40 professionals across engineering, construction, project management, regulatory affairs, and operations, with recent senior leadership additions including a new President (formerly of Shell/Atlantic Shores Offshore Wind), a new VP of Project Management (ex-Eversource), and a new General Counsel (ex-EDF power solutions).
New York Transco firmographics
Firmographics- Name
- New York Transco
- Legal name
- New York Transco
- Website
- https://nytransco.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- New York Transco is a regulated electric transmission developer and operator in New York State, owned by subsidiaries of Con Edison, National Grid, Avangrid, and CH Energy Group, that builds and operates high-voltage transmission lines and substations under the NYISO Open Access Transmission Tariff to serve all New York load serving entities.
- Ownership category
- akta.pro rank
New York Transco industry classification
Industry- Product category
- Electric Transmission Infrastructure
- NAICS
- Electric Bulk Power Transmission and Control (221121), Electric Power Transmission, Control, and Distribution (22112), Power and Communication Line and Related Structures Construction (237130)
- SIC
- Electric Services (4911), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)
- akta.pro primary industry
- HVAC Transmission Lines (EHV/UHV Overhead & Underground) (EUADAAAD)
- akta.pro secondary industries
- Transmission Line Construction (Overhead & Underground) (IMAFAHAA), Substation Systems & Integration (EPC, Engineering, Protection, Commissioning) (IMAGAAAC), Reactive Power & Power Quality Equipment (Capacitor Banks, Reactors, STATCOM/SVC, Harmonic Filters) (IMAGAAAG)
Keywords
Where New York Transco is headquartered
LocationHeadquarters
- HQ city
- Hudson
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
New York Transco business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Operations, Technology or R&D, Others
Revenue model
- Transmission Services Revenue: New York Transco provides transmission services pursuant to the NYISO Open Access Transmission Tariff. Revenue requirements are determined annually each September for the subsequent calendar year, which NYISO bills to all load serving entities in New York State. The company also files an Annual Informational Filing pursuant to the OATT.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Regulated transmission services under NYISO OATT |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
New York Transco product offering
Product offeringCore offering
New York Transco designs, permits, builds, owns, and operates high-voltage electric transmission lines, substations, and related grid equipment across New York State, providing transmission services pursuant to the NYISO Open Access Transmission Tariff. The company's portfolio includes major projects such as the $3.26 billion Propel NY Energy transmission solution, Dover Station, and the New York Energy Solution, delivering transmission capacity, reliability, and clean energy delivery to load serving entities throughout New York.
Product overview
New York Transco is a developer, owner and operator of electric transmission systems in New York State. The company's portfolio consists of major transmission line projects (Propel NY Energy, New York Energy Solution, Rock Tavern to Sugarloaf, Fraser to Coopers Corners, Ramapo to Rock Tavern, Staten Island Unbottling) and substation infrastructure (Dover Station), all supporting the high-voltage electric transmission network that transports electricity from generating sources to homes and businesses. Services include transmission planning criteria and interconnection guidelines for third-party projects. The company operates under NYISO's Open Access Transmission Tariff framework.
Differentiator
Problem solved
Functional benefit
Brands
- Energy Link NY: A brand used for the NYC PPTN (Propel Transmission Project to New York) proposals to deliver offshore wind into New York City.
Products and services
- Transmission Services (NYISO OATT) Regulated wholesale electric transmission services provided under the NYISO Open Access Transmission Tariff; serves NYISO and New York State load serving entities with annual revenue requirements and informational filings.
- Propel NY Energy Transmission Solution A $3.26 billion electric transmission solution developed in collaboration with the New York Power Authority (NYPA) to bolster energy delivery, grid reliability, and resiliency on Long Island, in New York City, and in Westchester County. Currently in permitting with anticipated construction start in 2026 and in-service by mid-2030.
- Dover Station Project A new substation in Dutchess County, NY featuring specialized phase angle regulators (PARs) that allow NYISO to remotely control and direct electricity flow on connected high-voltage lines based on real-time system needs. Station entered service in December 2025/February 2026.
- New York Energy Solution Project (NYES) Modernization of 55 miles of existing electric transmission structures through 11 towns in Rensselaer, Columbia and Dutchess counties, replacing 1930s-era lattice transmission structures with storm-resilient monopoles holding a 345 kV and a 115 kV transmission line. Energized in summer 2023, six months ahead of schedule.
- Rock Tavern to Sugarloaf Project Modernization and enhancement of a 12-mile electric transmission line between the Sugarloaf Substation in Chester and the Rock Tavern Substation in New Windsor, replacing a nearly 100-year-old 115 kV line with a new 115 kV line on monopole structures. Energized in summer 2023, six months ahead of schedule.
- Fraser to Coopers Corners Project 21 miles of re-conductored 345 kV transmission line with a 240 MVAR series capacitor bank between NYSEG's 345 kV Fraser substation near Delhi, NY and the Coopers Corners Substation near Monticello, NY. Placed in service in June 2016.
- Ramapo to Rock Tavern Project Installation of a second 345 kV transmission line on existing double-circuit structures between Sugarloaf and Rock Tavern substations, adding 27 miles of new 345 kV transmission lines between Con Edison's Ramapo substation and Rock Tavern substations.
- Staten Island Unbottling Project Split an existing 2.3-mile 345 kV transmission feeder line between Goethals Substation in Staten Island, NY and the Linden Cogeneration substation in Linden, NJ into two separate feeders, increasing reliability and enabling up to 480 MW of electricity supply.
- Interconnection Guidelines (FERC Order 890 / NYISO) Guidelines and criteria for merchant generator or merchant transmission projects seeking to interconnect to New York Transco's electric transmission system, pursuant to FERC Order 890 and NYISO tariffs.
Quantifiable outcome
- 55 miles of transmission infrastructure modernized
- +3 more outcomes
Companies that use New York Transco
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles1 record
New York Transco technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
New York Transco partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered supporting and core.
- LineVisionsupportingCollaboration on efficiency, resilience and health monitoring of a clean energy transmission line in the Hudson Valley. LineVision provides monitoring technology for the transmission infrastructure.
- New York Independent System Operator (NYISO)coreNYISO serves as the state's power grid manager. New York Transco projects are selected by NYISO and operate under NYISO's Open Access Transmission Tariff. NYISO reports identified reliability challenges that Propel NY Energy will address.
- New York Power Authority (NYPA)coreNew York Transco collaborates with NYPA on the Propel NY Energy project - an innovative electric transmission solution for Long Island, New York City, and Westchester County. This is a flagship strategic partnership for developing major transmission infrastructure to address grid reliability challenges.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
New York Transco competitors and assessment
Company assessmentDirect peers
- Anbaric Development Partners: Massachusetts-based transmission developer specializing in offshore wind integration proposals in the Northeast, including New York. Directly comparable as a competing transmission developer in NYISO offshore-wind solicitations overlapping with Propel NY.
- LS Power: Privately-held power and transmission infrastructure investor that develops and operates transmission assets across multiple U.S. ISOs, directly comparable to New York Transco's project-development and ownership model for utility-scale transmission.
- New York Power Authority (NYPA): State-owned transmission developer and operator in New York and Propel NY Energy co-development partner. Directly comparable as the other primary regulated transmission developer in NY that designs, builds, and owns high-voltage transmission infrastructure.
- NextEra Energy Transmission: Transmission subsidiary of NextEra Energy that develops and operates high-voltage transmission projects across multiple U.S. ISOs under regulated tariff structures — closely comparable business model and capital-deployment approach to New York Transco.
- ITC Holdings: Independent transmission-only developer and operator (now a subsidiary of Fortis Inc.) that develops, owns, and operates high-voltage transmission assets under FERC-regulated tariffs — the closest structural analog to New York Transco's regulated, NYISO-tariff-based transmission utility model.
Broad incumbents
- National Grid: Parent-affiliate and large investor-owned utility owning and operating transmission in New York, New England, and the U.K. Comparable as a multi-state utility peer that both owns NY transmission and participates in NYISO planning.
- Public Service Enterprise Group (PSEG): New Jersey-based investor-owned utility with regulated transmission operations in the broader New York ISO region. Comparable as an incumbent utility peer competing in the same regional transmission and reliability planning processes.
- Con Edison: Parent-affiliate and one of the largest investor-owned utilities in the U.S., with extensive transmission and distribution operations in New York City and Westchester. Comparable as a broader incumbent whose transmission planning directly intersects New York Transco's development scope.
- Avangrid: Parent of New York Transco and a broader investor-owned utility with regulated transmission across New York and New England. Comparable as a multi-state utility peer with overlapping transmission portfolios and the same FERC/NYISO regulatory framework.
- Eversource Energy: Large Northeast investor-owned utility with material regulated electric transmission assets in New York and New England. Comparable as a broader incumbent that both owns transmission and competes as a developer in regional transmission solicitations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
New York Transco social profiles
Digital presenceNew York Transco financial estimates
Financial estimateRevenue estimate
Valuation estimate
New York Transco leadership team
Management profileNumber of profiles
Profiles7 records
New York Transco funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
New York Transco M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about New York Transco
What does New York Transco do?
New York Transco designs, permits, builds, owns, and operates high-voltage electric transmission lines, substations, and related grid equipment across New York State, providing transmission services pursuant to the NYISO Open Access Transmission Tariff. The company's portfolio includes major projects such as the $3.26 billion Propel NY Energy transmission solution, Dover Station, and the New York Energy Solution, delivering transmission capacity, reliability, and clean energy delivery to load serving entities throughout New York.
Is New York Transco a public or private company?
New York Transco is a private company. It is classified as corporate owned and is currently operating.
When was New York Transco founded?
New York Transco was founded in 2014. It employs 11 to 50 people.
Where is New York Transco based?
New York Transco is headquartered in Hudson, United States, in the North America region.
How does New York Transco make money?
One revenue line is on record: transmission Services Revenue.
Who are New York Transco's main competitors?
Direct peers on record are Anbaric Development Partners, LS Power, New York Power Authority (NYPA), NextEra Energy Transmission and ITC Holdings. Broad incumbents are National Grid, Public Service Enterprise Group (PSEG), Con Edison, Avangrid and Eversource Energy.
Does New York Transco have an API?
No public API is recorded for New York Transco.
What industry is New York Transco in?
New York Transco's product category is Electric Transmission Infrastructure. Its primary akta.pro industry code is EUADAAAD, HVAC Transmission Lines (EHV/UHV Overhead & Underground), with a secondary code of IMAFAHAA, Transmission Line Construction (Overhead & Underground). Its NAICS code is 221121 and its SIC code is 4911.