WHITE PLAINS, NEW YORK -- The New York Power Authority Board of Trustees has approved a four-year financial plan to fund innovative capital programs.

Under the four-year capital plan, NYPA plans to spend $1.2 billion on key projects, including replacement of the World War II-era Moses-Adirondack transmission line in the North Country.

Moses-Adirondack transmission project is a 86 miles long line built in 1942, which has exceeded its service life.

The $484 million project is scheduled for completion in 2023.

Other projects under this plan will include the upgrade of the AC Transmission line in conjunction with LS Power Grid New York, running from Marcy to New Scotland; deployment of more than 100,000 sensors throughout the NYPA network to obtain real-time information about power and transmission asset performance; and continuation of the life extension and modernization of NYPA transmission assets, part of a multi-year effort costing $726 million.

Source: NYPA