New York Transco

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).

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

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

• Electric transmission services
• High voltage transmission
• Transmission infrastructure development
• Grid reliability solutions
• Regulated transmission utility

Headquarters

HQ city

Hudson

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Technology or R&D, Others

Revenue model

1. 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

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core 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

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered supporting and core.

• LineVisionsupportingTechnology or Integration · 12 October 2023Collaboration 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)coreStrategic or Co-development Partner · 21 June 2023NYISO 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)coreStrategic or Co-development Partner · 12 October 2021New 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

Direct 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

• LinkedInlinkedin.com/company/new-york-transco

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New York Transco