Clean Line Gets FERC Approval For $1.7B Electric Grid

Law360, New York (May 24, 2012, 1:51 PM EDT) -- The Federal Energy Regulatory Commission has approved an application by clean energy transmission company Clean Line Energy Partners to negotiate service agreements for a $1.7 billion electricity grid project in Iowa and Illinois, Clean Line said Wednesday.

Houston-based Clean Line said that FERC's order permits the operators of the project, known as Rock Island Clean Line LLC, to sell up to 2,625 megawatts of wind energy to anchor tenant customers in Illinois and other Midwestern states.

The project consists of a 500-mile overhead high voltage direct...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.