Ely power plant moves closer to construction
ELY, NEVADA - An independent power developer has moved a step closer toward construction of a giant coal-fired power plant in northern Nevada.
But the prospects for the Ely, Nev. plant remain uncertain because of environmental issues.
The Bureau of Land Management released the final environmental study for the coal-fired, 1,590-megawatt White Pine Energy Station.
The BLM is expected to grant LS Power of East Brunswick, N.J., right of way for the power project after 30 days.
Environmental groups oppose the project because coal-fired power plants throw off large quantities of carbon dioxide, which scientists say leads to global warming.
LS Power argues that the plant would provide a low-cost source of electricity.
LS Power has yet to secure a final air permit from the Nevada Division of Environmental Protection
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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…
