New York State Approves Blackstone-Backed Power Line to Québec
The New York Public Service Commission has approved a plan to build the Champlain Hudson Power Express transmission line, capable of moving 1,000 megawatts of hydropower over a 330-mile distance from Québec to New York City. According to Reuters, developer Transmission Developers Inc., whose lead investor is U.S. private equity firm Blackstone Group, has estimated the project will take over three years to construct at an estimated cost of US$2.2 billion. The Québec part of the line will be developed by Hydro-Québec.
18 April 2013•4 mins read
