The Federal Energy Regulatory Commission (FERC) approved Green Power Express' request for favorable transmission investment incentives. The FERC decision is expected to facilitate construction of additional transmission lines from the U.S. Midwest wind energy production areas to the East Cost load region; and the lines may provide capacity for as much as 12,000 new megawatts of wind energy production. WSJ Link or Read More Here.
ITC Holdings Corp. said it wants to build the world’s largest renewable-energy transmission system, a $12 billion project to bring electricity from wind farms in the Dakotas to Chicago. The Michigan power transmission company’s proposal, known as the Green Power Express, calls for about 3,000 miles of new lines that could move 12,000 megawatts of [...]