Regulators wonÂ’t delay power line proceedings
VIRGINIA - Virginia regulators won't delay proceedings on the state's section of a multi-state power transmission line.
American Electric Power Co. and Allegheny Energy Inc. had asked to delay the review schedule for the application for the Virginia segment of the $2.1 billion Potomac-Appalachian Transmission Highline. That's because they wanted to update the application with new projections on increased energy demands along the East Coast by 2015.
A hearing examiner with the State Corporation Commission denied the request earlier.
The proposed 275-mile, 765-kilovolt power line would run from AEP's John Amos plant in West Virginia, 31 miles across three counties in northern Virginia, to a substation near Kemptown, Maryland.
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Hydro-Québec puts global ambitions on hold as crisis weighs on demand
MONTREAL - COVID-19 is forcing Hydro-Québec to pull the plug on its global ambitions — for now.
Quebec’s state-owned power generator and distributor has put international mergers and acquisitions on hold for the foreseeable future because of the COVID-19 crisis, chief financial officer Jean-Hugues Lafleur said Friday.
Former chief executive officer Éric Martel, who left last month, had made foreign expansion a key tenet of his growth strategy.
“We’re in revision mode” as pertains to acquisitions, Lafleur told reporters on a conference call. “I don’t see how Hydro-Québec could take $5 billion now and invest it in Chile because we have an investment…
