Utilities will seek plantÂ’s development cost
BISMARCK, NORTH DAKOTA - North Dakota regulators say that although a proposed power plant has been canceled, utilities will be asking ratepayers to foot the bill for development costs.
Otter Tail Power Co. and Montana-Dakota Utilities Co. were partners in the Big Stone II project in northeastern South Dakota. It was scrapped because it couldn't find enough investors. It cost more than $10 million to develop.
North Dakota Public Service Commission Chairman Kevin Cramer says MDU and Otter Tail are likely to ask for future electric rate increases to get their money back.
North Dakota regulators have already ruled the project was a good way to meet future electric demand. Commissioner Tony Clark says that will help the two utilities get their money.
Related News
Siemens Energy to unlock a new era of offshore green hydrogen production
BERLIN - To reach the Paris Agreement goals, the world will need vast amounts of green hydrogen and wind will provide a large portion of the power needed for its production.
Siemens Gamesa and Siemens Energy announced today that they are joining forces combining their ongoing wind-to-hydrogen developments to address one of the major challenges of our decade - decarbonizing the economy to solve the climate crisis.
The companies are contributing with their developments to an innovative solution that fully integrates an electrolyzer into an offshore wind turbine as a single synchronized system to directly produce green hydrogen. The companies intend to…
