Basin project to capture C02 pegged at $300 million
NORTH DAKOTA - Basin Electric Power Cooperative says it will spend up to 300 million dollars to capture a portion of carbon dioxide at its coal-fired power plant in central North Dakota.
The Bismarck-based company chose Powerspan Corporation of Portsmouth, New Hampshire, to provide the technology to remove about 1 million tons of C02 annually from one of two units at Basin's Antelope Valley Station.
The project is expected to recover 57 million cubic feet of carbon dioxide daily. The gas will then be piped to the North Dakota oil patch and to southern Saskatchewan, where it will be pumped underground to force oil to the surface.
Carbon dioxide emissions are widely blamed for global warming.
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Hydro One deal to buy Avista receives U.S. antitrust clearance
TORONTO - Hydro One Ltd. says it has received antitrust clearance in the United States for its deal to acquire U.S. energy company Avista Corp.
The Ontario-based utility says the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired Thursday night.
Hydro One announced the friendly deal to acquire Avista last summer in an agreement that valued the company at $6.7 billion.
The deal still requires several other approvals, including those from utility commissions in Washington, Idaho, Oregon, Montana and Alaska.
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The U.S. Federal Communications Commission must also sign off on the transaction and clearance is required by the Committee on Foreign Investment…
