[ exact phrase in "" • ~10 sec • results by date ]

[ Google-powered • results by relevance ]


LOCATION/TYPE

News Home
Archive
RSS

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Publications & Products

Photos & Graphics

Videos

Allied Groups

Maine upholds Emera ruling; State commission reaffirms company can invest in New England wind projects  

Credit:  JoANN ALBERSTAT, BUSINESS EDITOR | The Chronicle Herald | October 10, 2014 | thechronicleherald.ca ~~

Emera Inc. has again received the Maine state regulator’s blessing to invest in New England wind farms.

The Maine Public Utilities Commission decided Thursday to uphold a previous approval of the Halifax-based energy company’s investments in Northeast Wind Partners and Algonquin Power & Utilities Corp.

“The (commission’s) approval allows us to continue to invest in existing and developing clean energy projects in Maine,” Chris Huskilson, Emera president and CEO, said in a news release Friday.

Northeast Wind, a joint venture by Emera and First Wind Holdings of Boston, owns and operates nine wind farms in Maine, New York and Vermont. The partnership, in which Emera has invested $225 million for a 49 per cent stake, also plans to develop more wind projects.

The ruling also allows Emera, Nova Scotia Power’s parent company, to keep its 25 per cent interest in Algonquin Power. The firm, based out of Oakville, Ont., owns electricity generating facilities and other utilities in Canada and the United States, including Maine.

The state regulator originally approved Emera’s plan to get involved in renewable energy generation in the U.S. northeast two years ago. But the decision was appealed by a municipal water utility and customer representatives on the grounds that it contravened a state law that prohibits ownership of transmission-and-distribution utilities and generating facilities.

The Maine Supreme Judicial Court quashed the commission’s first ruling in March and sent the case back to be heard again.

The court found that while state law governing a competitive electricity market didn’t prohibit a parent company from owning distribution assets and generating and transmission, the commission didn’t properly interpret the legislation.

In Thursday’s decision, the commission upheld its view that Emera’s investment won’t reduce competition in the generation market, and that conditions attached to the approval protect ratepayers.

Emera Maine, a subsidiary of the Halifax-based energy company, is a transmission and generation business.

Source:  JoANN ALBERSTAT, BUSINESS EDITOR | The Chronicle Herald | October 10, 2014 | thechronicleherald.ca

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate

Share:


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook

Share

CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.
Share

 Follow: