in News Departments > New & Noteworthy
print the content item

The Maine Supreme Judicial Court has struck a blow to a joint venture between Boston-based First Wind and Nova Scotia-based Emera. The court has ruled against the state Public Utilities Commission's (PUC) 2012 approval of the JV and sent the matter back to the regulator for redetermination.

The two companies worked to establish the venture to jointly own and operate wind projects in the northeastern U.S., with First Wind owning 51% of the company and Emera owning the remaining 49%.

However, Emera is also the parent company of transmission and distribution (T&D) utilities Maine Public Service Co. (MPS) and Bangor Hydro, and the Supreme Court argued that a state law restricts a company from owning both T&D and generation assets.

Emera maintains that the joint venture is not prohibited by the Electric Industry Restructuring Act.

“Emera looks forward to participating in the commission’s process for redetermination of this matter and remains committed to investing in Maine,” says Emera CEO Chris Huskilson.




Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Renewable NRG_id1934
Hybrid Energy Innovations 2015
Canwea_id1984