Group considers appeal over transmission lines
MINNESOTA - A citizens group says it's considering legal action after Minnesota regulators declined to reconsider approval of a power line project that will touch four different states.
The Citizens Energy Task Force opposes the CapX2020 transmission line project, which eleven utilities plan to build in Minnesota, Wisconsin, North Dakota and South Dakota.
The Minnesota Public Utilities Commission declined to re-hear the case, making way for a possible appeal.
The PUC modified its requirement that the Brookings line from eastern South Dakota to the Twin Cities area carry wind energy and other renewables. The PUC allowed a way for the utilities to sidestep that if they demonstrate that meeting the rules isn't practical or isn't in customers' best interest.
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Hydro One Q2 profit plunges 23% as electricity revenue falls, costs rise
TORONTO - Hydro One Ltd.'s (H.TO 0.25%) second-quarter profit fell by nearly 23 per cent from last year to $155 million as the electricity utility reported spending more on tree-trimming work due to milder temperatures that also saw customers using less power.
The Toronto-based company - which operates most of Ontario's power grid - says its net earnings attributable to shareholders dropped to 26 cents per share from 34 cents per share when Hydro One had $200 million in net income.
Adjusted net income was also 26 cents per share, down from 33 cents per diluted share in the second quarter of 2018.
Revenue was $1.41 billion, down from…
