Enviro Deal May Be Near For $2B Blackstone Power Line

Law360, New York (January 10, 2012, 7:41 PM ET) -- A Blackstone Group LP unit planning a $2 billion power line that would bring renewable energy from Quebec to New York is negotiating a deal with environmental groups that could see the project approved in February, according to a Tuesday filing.

An affiliate of Blackstone's Transmission Developers Inc., which controls the 1,000-megawatt Champlain Hudson Power Express project, told New York's Public Service Commission that “extended and extensive” negotiations with groups like Riverkeeper Inc. and the Adirondack Council are moving forward.

“Provided no unforeseen obstacles are encountered"...
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