Big Stone II Project will not be built
The projectÂ’s four participants include Montana-Dakota Utilities Co., a division of MDU Resources.
The project required additional participants to move forward; however none have committed.
Montana-Dakota President and Chief Executive Officer Dave Goodin said that, while itÂ’s disappointing that Big Stone II will not be built, the utility has an adequate electric supply for the near-term.
“We have a purchased power agreement through 2015 that was to bridge us to Big Stone II going online; we still have that agreement in place,” Goodin said. “We will now look at other supply options that are reliable and cost-beneficial for our customers. We have plans to expand our wind production by 30 megawatts in 2010 and will review other generation options.”
The other Big Stone II Project participants were Central Minnesota Municipal Power Agency, Heartland Consumers Power District and Missouri River Energy Services.
Related News
'That can keep you up at night': Lessons for Canada from Europe's power crisis
TORONTO - Europe is currently suffering the consequences of an uncoordinated rush to carbon-free electricity that experts warn could hit Canada as well unless urgent action is taken.
Power prices in Germany, for example, hit a record 91 euros ($135 CAD) per megawatt-hour earlier this month. That is more than triple what electricity costs in Ontario, even during periods of peak demand.
Experts blame the price spikes in large part on a chaotic transition to a specific set of renewable electricity sources - wind and solar - at the expense of other carbon-free supplies such as nuclear power. Germany, Europe’s largest economy,…
