OEB approves transmission line from Bruce to Milton
The transmission line will run adjacent to the existing transmission corridor (500 kV or 230 kV) and is expected to be in service by Year 2011.
Hydro One submitted that the project is required to meet the increased need for transmission capacity associated with the development of wind power in the Bruce area and the return to service of nuclear units at the Bruce Nuclear Generating Station.
In its decision, the Board found the project to be in the public interest in regard to its impact on price, reliability and quality of electricity service to consumers. As well, the Board found that the economic benefits of the transmission line exceed its estimated costs of $635 million, and that it improves system reliability, which benefits all electricity consumers.
The Board's approval is subject to a number of conditions. Most notable is the Minister of the Environment's approval of the Environmental Assessment.
Related News
Brazil tax strategy to bring down fuel, electricity prices seen having limited effects
BRASILIA - Brazil’s congress approved a bill that limits the ICMS tax rate that state governments can charge on fuels, natural gas, electricity, communications, and public transportation.
Local lawyers told BNamericas that the measure may reduce fuel and power prices in the short term but it is unlikely to produce any major effects in the medium and long term.
In most states the ceiling was set at 17% or 18% and the federal government will pay compensation to the states for lost tax revenue until December 31, via reduced payments on debts that states owe the federal government.
The bill will become law…
