Montana bills to alter renewable energy standards
Two of the measures — House Bills 207 and 208 — deal with a rule that is set to take effect in 2010 and requires utilities to buy energy from small producers.
One measure increases the qualifying size for a small producer, from 5 megawatts to 25 megawatts. The other extends the compliance deadline for utilities by two years.
Both of the bills have passed out of the Senate Energy and Telecommunications Committee.
Opponents argue the bills are part of a cluster that would undermine renewable-energy standards passed in 2005.
NorthWestern Energy and Montana-Dakota Utilities Co. support House Bills 207 and 208.
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Ontario Teachers Pension Plan agrees to acquire a 25% stake in SSEN Transmission
LONDON - Ontario Teachers’ Pension Plan Board (‘Ontario Teachers’) has reached an agreement with Scotland-based energy provider SSE plc (‘SSE’) to acquire a 25% minority stake in its electricity transmission network business, SSEN Transmission, to provide clean, affordable renewable energy to millions of homes and businesses across the UK.
The transaction is based on an effective economic date of 31 March 2022, and total cash proceeds of £1,465m for the 25% stake are expected at completion. The transaction is expected to complete shortly.
SSEN Transmission, which operates under its licenced entity, Scottish Hydro Electric Transmission plc, transports electricity generated from renewable resources…
