New Illinois company hopes to offer cheaper power
New Illinois Cooperative Energy, or NICE, was developed by Illinoisans upset with electric rate increases since last year. It's led by Greenville-based Southwestern Electric Cooperative.
NICE hopes to get a large enough pool of customers to let the co-op negotiate attractive power-purchase prices.
The venture would draw lower rates by buying electricity more often and timing the market to catch lower prices.
NICE customers would still will get their power from Ameren, the distributing company, over Ameren's lines.
At least 7,000 customers must sign up in Ameren's service territory before the program may start.
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Building begins on facility linking Canada hydropower to NYC
NEW YORK - New York Governor Kathy Hochul has announced the start of construction on the converter station of the Champlain Hudson Power Express transmission line, a project to bring electricity generated from Canadian hydropower to New York City.
The 340 mile (547 km) transmission line is a proposed underwater and underground high-voltage direct current power transmission line to deliver the power from Quebec, Canada, to Queens, New York City. The project is being developed by Montreal-based public utility Hydro-Quebec (QBEC.UL) and its U.S. partner Transmission Developers.
The converter station for the line will be the first-ever transformation of a fossil fuel…
