Regulators urge dismissal of PATH line
A hearing examiner with the State Corporation Commission said that regulators should approve a motion to withdraw filed by American Electric Power and FirstEnergy Corp.
The utilities suspended the plan to build the 765-kilowatt line in February because PJM Interconnection, the group that oversees the electric grid for a 13-state region, forecasts weaker-than-expected demand for electricity in mid-Atlantic states and directed the companies to halt the project.
The 275-mile Potomac-Appalachian Transmission Highline PATH was to run from AEP's John Amos power station in Putnam County, West Virginia, 31 miles across three counties in northern Virginia, to a substation near Kemptown, Maryland. It was originally envisioned to meet expectations of growing demand for electricity in the region. Officials predicted that if the line wasn't built, the region would suffer from brownouts and blackouts.
The SCC must still issue a final order. West Virginia and Maryland regulators have already granted withdrawal requests.
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Japanese utilities buy into vast offshore wind farm in UK
TOKYO - Two of Japan's biggest power companies will buy around 40% of a German-owned developer of offshore wind farms in the U.K., seeking to learn from Britain's lead in this sector and bring the know-how back home.
Tokyo-based Electric Power Development, better known as J-Power, will join Osaka regional utility Kansai Electric Power in investing in a unit of Germany's Innogy.
The deal, estimated to be worth around $900 million, will give J-Power a 25% stake and Kansai Electric a roughly 16% share. It will mark the first investment in an offshore wind project by Japanese power companies.
Innogy plans to start…
