ABB_id2059
in News Departments > New & Noteworthy
print the content item

The Federal Energy Regulatory Commission (FERC) has conditionally approved transmission rate incentives for the Maine Power Connection (MPC) project sponsored by Maine Public Service Co. and Central Maine Power Co.

The MPC project - with an estimated cost of $625 million - consists of a proposed 200-mile, 345 kV transmission line and the construction of new and upgraded substations.

The companies requested a 1.5% incentive rate equity adder and recovery of prudently incurred costs if the project is abandoned as a result of factors beyond their control.

FERC authorized the requested incentives on the condition that the project be included in ISO-New England's regional system plan as a market efficiency transmission upgrade.

SOURCE: Maine & Maritimes Corp.



Advertisement

Trachte_id2056
Latest Top Stories

More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015