LS Power Grid California, LLC, has been selected by the California Independent System Operator (California ISO or CAISO) as the approved project sponsor to finance, construct, own, operate and maintain the Gates 500 kV Dynamic Reactive Power Support Project.
The Gates Project was approved by the CAISO governing board in March 2019 as a critical reliability project to mitigate high transmission grid voltages upon the shutdown of the Diablo Canyon Power Plant in 2025, it is stated in the press release.
The project to be constructed by LS Power consists of two static synchronous compensator (STATCOM) units to be installed near the existing Gates 500 kV substation in Fresno County, California.
The in-service date is planned for June 2024.
Source: LS Power