To mitigate for unavoidable impacts of the power line on federal lands, as required by the National Park Service, PSE&G and PPL Electric Utilities will contribute to a fund administered by a nonprofit group. As directed by the National Park Service, the money will be used to purchase or preserve land for public use, compensate for wetlands impacts, and fund cultural and historic preservation activities.The size of the fund, at least $56 million, was determined by the National Park Service assessment of project impacts. Mitigation is a routine part of the environmental impact review process when there are impacts on federal lands from power lines or other infrastructure improvements needed by society. Mitigation typically is required by federal agencies for impacts that cannot be avoided.
Susquehanna-Roseland Line Receives Final Federal Approval
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts