Poseidon timeline

Events

Interconnection procedures

PJM Facilities Study Received

Approx. 12/31/2014

PJM Facilities Study Agreement Signed

Approx. Dec 31, 2014 - Approx. December 31, 2015

New York ISO SRIS received and Facilities Study conducted

Approx. December 31, 2014 - December 31, 2015

PJM Construction Services Agreement Signed

Approx. 2016 - Approx. March 31, 2016

New York ISO Facilities/Class Year study

2016 - December 31, 2016

New York Article 7 permitting

NY EM&CP

January 1, 2016 - Approx. June 30, 2016

NY Article 7 completion

Approx. 2016 - Approx. 12/31/2016

Article 7 CPCN achieved

December 31, 2016

NJ Permitting

New Jersey permitting process

January 1, 2015 - December 31, 2015

NJ EM&CP

2016

Army Corps permitting

ACOE permitting process

January 1, 2016 - June 30, 2017

ABB Negotiations

Finalize tech specs and routing

Approx. July 1, 2015 - Approx. December 31, 2015

Negotiate EPC contract

2016 - June 30, 2016

LIPA RFP Issuance

LIPA/PSEG pre-RFP Review

Approx. October 1, 2014 - Approx. June 30, 2015

LIPA issues RFP; 60-day response time

Approx. July 1, 2015 - Approx. August 31, 2015

LIPA RFP Review

Approx. September 1, 2015 - Approx. December 31, 2015

Poseidon selected

December 31, 2015

Financial Close

Construction

Approx. Jul 1, 2016 - June 1, 2019

Testing and in-service

June 1, 2019 - September 1, 2019

Public Relations

Conduct NJ Outreach

Approx. January 1, 2015 - Approx. December 31, 2016

Conduct New York/Long Island Outreach

January 1, 2015 - Approx. December 31, 2016

AH

Budget Approval & Review/PR?