Army Corps OKs $1.2B Blackstone-Backed Clean Energy Line

By John Kennedy (February 10, 2016, 7:51 PM EST) -- A $1.2 billion clean energy transmission project backed by Blackstone Group LP recently cleared another hurdle, when the U.S. Army Corps of Engineers permitted the cables' placement in any U.S. waters along the proposed Canada-to-Vermont route.

The terms of the permit are fully compatible with TDI New England's plans to build and operate the 154-mile, underground and underwater New England Clean Power Link, company CEO Donald Jessome said in a statement at the end of last week. The permit allows TDI to run two cables under Lake Champlain and underground through affected wetlands, among other permissions.

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