Lucky Corridor LLC has been granted authorization from the Federal Energy Regulatory Commission (FERC) to engage in negotiations with anchor customers for up to 70% of the project's 1,100 MW of transmission capacity at negotiated rates, subject to certain conditions, including a requirement to auction the remaining 30% of its capacity in an open-season process.
The Lucky Corridor project entails upgrades to 93 miles of electric transmission in northern New Mexico, creating new transmission capacity in an area with several development-stage clean energy projects.
According to the company, the project's double-circuit, 230 kV line will create a reliability loop and access wind, solar and natural gas resources. Lucky Corridor says it proposes to use existing utility corridors in order to minimize environmental impact.
Lucky Corridor was initiated by ranchers in Union County, N.M., and Trinchera, Colo., working along with project management and with New Mexico’s Renewable Energy Transmission Authority.
