Riverkeeper Backs Blackstone’s $2B Canada-NYC Power Line

Law360, New York (March 20, 2012, 5:58 PM EDT) -- Riverkeeper Inc., the influential New York environmental group, came out in support Monday of a planned settlement that would allow a unit of Blackstone Group LP to build an estimated $2 billion, 330-mile underwater cable that would bring hydroelectric power from Quebec to New York City.

Riverkeeper, along with Scenic Hudson Inc. came out in support of measures designed to safeguard the environment during the proposed construction of the 1,000-megawatt Champlain Hudson Power Express project planned by Transmission Developers Inc., which is owned by private equity...
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