Montana PSC head vows to kill power line project
Brad Molnar, a Republican from Laurel, says Montana customers will wind up buying power on the open market from states where it's more expensive to produce, such as California.
NorthWestern officials have said the $1 billion, 430-mile power line, which is still a half decade away from completion, at the earliest, is intended to ship power from new, renewable-energy projects, including wind farms.
This is just the latest setback for NorthWestern, which federal regulators have already slowed on concerns over how the company structured the deal and after a utility, PPL Montana, complained the project aims to gain a monopoly influence over transmission in the state.
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Hitachi freezes British nuclear project, books $2.8bn hit
TOKYO - Japan’s Hitachi Ltd said on Thursday it has decided to freeze a 3 trillion yen ($28 billion) British nuclear power project and will consequently book a write down of 300 billion yen.
The suspension comes as Hitachi’s Horizon Nuclear Power failed to find private investors for its plans to build a plant in Anglesey, Wales, which promised to provide about 6 percent of Britain’s electricity.
“We’ve made the decision to freeze the project from the economic standpoint as a private company,” Hitachi said in a statement.
Hitachi had called on the British government to boost financial support for the project to…
