Blackstone Project Row Hinges On Possible NYC Power Crunch

Law360, New York (October 17, 2012, 4:34 PM EDT) -- A new report that says New York City could need more electricity by 2020 has become the focus of a fight over whether Blackstone Group LP's multibillion-dollar Quebec-to-New York City power line should be built, with the private equity giant and project foes sparring over that issue in legal briefs Tuesday.

Blackstone-owned Champlain Hudson Power Express Inc. told the New York State Public Service Commission, which must rule on whether the project should go forward, that the reliability-needs study by the New York Independent System Operator...
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