Foe Says Blackstone's Green Power Line Could Cost Ratepayers

Law360, New York (May 24, 2012, 6:42 PM EDT) -- An enemy of Blackstone Group LP's bid to bring green power from Quebec to New York City insisted Thursday that ratepayers could be on the hook for the project despite the private equity firm's vows that it will succeed or fail on the open market.

Back-and-forth over the validity of the developer's assurances that it will sell power on a "merchant basis" without forcing Empire State ratepayers into captive contracts is just one wrinkle in a protracted fight over the planned 330-mile underwater cable, which could...
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