Wind farm receives DOE loan guarantee
WESTERN MAINE - The Department of Energy said it has offered a conditional $102 million loan guarantee to support a wind farm in Maine.
The financial aid will support the Record Hill wind project, a 50.1 megawatt wind power plant and transmission line in Maine.
The project is being developed and managed by Wagner Wind Energy of New Hampshire and Independence Wind of Maine. Record Hill is sponsored by the Yale University endowment fund.
Under loan guarantees, the federal government agrees to pay portions of private loans in case the companies default.
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Court reinstates constitutional challenge to Ontario's hefty ‘global adjustment’ electricity charge
TORONTO - Ontario’s court of appeal has decided that a constitutional challenge of a steep provincial electricity charge should get its day in court, overturning a lower-court judgment that had dismissed the legal bid.
Hamilton, Ont.-based National Steel Car Ltd. launched the challenge in 2017, saying Ontario’s so-called global adjustment charge was unconstitutional because it is a tax — not a valid regulatory charge — that was not passed by the legislature.
The global adjustment funds the difference between the province’s hourly electricity price and the price guaranteed under contracts to power generators. It is “the component that covers the cost of…
