FERC OKs Funding Plan For US-Canada Power Line

Law360, New York (May 27, 2009, 12:00 AM EDT) -- The Federal Energy Regulatory Commission has approved a financing arrangement for a major electricity transmission project that would deliver low-cost hydropower from Quebec to New England.

The project, approved by FERC on May 21, would reduce greenhouse gas emissions by an estimated 4 million to 6 million tons of carbon dioxide per year by displacing gas-fired generation and would supply around 1 million New England homes with low-carbon power.

Under the proposal, Canada's Hydro-Quebec TransEnergie and New England's Northeast Utilities Service Co. and NStar Electric Co....
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