ND consumers to pay more for defunct plant
BISMARCK, NORTH DAKOTA - North Dakota regulators say electric ratepayers will foot part of the development bill for a power plant that was never built.
Montana-Dakota Utilities Co. and Otter Tail Power Co. say North Dakota customers should pay about $13.7 million of the development costs for the Big Stone II plant.
The project in northeastern South Dakota was abandoned last November before construction could begin.
North Dakota's Public Service Commission approved a plan to have MDU and Otter Tail customers in North Dakota pay a share of Big Stone's costs over three years.
It will raise the bill of a typical MDU residential customer by $1.49 a month, starting August 1. Otter Tail customers will be paying an extra 62 cents a month.
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The CIB and private sector partners to invest $1.7 billion in Lake Erie Connector
TORONTO - The Canada Infrastructure Bank (CIB) and ITC Investment Holdings (ITC) have signed an agreement in principle to invest $1.7 billion in the Lake Erie Connector project.
Under the terms of the agreement, the CIB will invest up to $655 million or up to 40% of the project cost. ITC, a subsidiary of Fortis Inc., and private sector lenders will invest up to $1.05 billion, the balance of the project's capital cost.
The CIB and ITC Investment Holdings signed an agreement in principle to invest $1.7B in the Lake Erie Connector project.
The Lake Erie Connector is a proposed 117 kilometre underwater…
