New York Approves Power Line for Micron’s $100 Billion Semiconductor Plant

The New York State Public Service Commission has approved a new underground transmission line that will connect the existing Clay Substation to Micron Technology’s (MU.O) proposed semiconductor megafab facility, Governor Kathy Hochul announced on Thursday.

According to a press release from the governor’s office, the two-mile, 345-kilovolt line is a key part of the infrastructure supporting Micron’s planned $100 billion investment in Central New York — the largest private investment in the state’s history.

The project is expected to create over 50,000 jobs over the next two decades, including 9,000 direct positions at Micron.

“This project is set to transform Central New York — and we are moving full speed ahead, thoughtfully and strategically,” Hochul said.

The transmission line approval follows a 2022 agreement between Micron and the state, under which the chipmaker selected the region for its advanced manufacturing facility. The megafab aims to produce one in every four semiconductors made in the U.S. by 2030.

The commission also approved environmental and construction plans for the project’s first phase, which includes an eastern expansion of the Clay Substation and installation of equipment to link it to the Micron facility.