Please replace the release with the following corrected version due to multiple revisions.
The corrected release reads:
CONNECTICUT REGULATORS APPROVE INTERSTATE RELIABILITY PROJECT
Decision validates economic and environmental benefits for regionThe Connecticut Siting Council (CSC) has approved the Interstate Reliability Project, concluding that the Connecticut Light & Power Company’s (CL&P) project is needed to address system reliability constraints in Connecticut and the region. This important project milestone follows extensive reliability studies conducted by ISO-New England (ISO-NE), the Regional Transmission Operator and system planning authority in New England. ISO-NE identified a reliability need in southern New England and in early 2012 confirmed that the Interstate Reliability Project is the best solution to meet that need. In its opinion, the CSC further concluded that the project also has “economic and environmental benefits, and improves system integration both within Connecticut and the region as a whole.” “The Connecticut Siting Council’s decision recognizes the importance of this project to the future of Connecticut and the rest of New England,” said David Boguslawski, Vice President of Transmission at Northeast Utilities, parent company of CL&P. “In addition to improved system reliability, the Interstate Reliability Project will provide the region’s electricity customers with the infrastructure that is critical to a healthy economy, as well as access to cleaner, competitively-priced energy sources.” The project is a collaborative effort between CL&P and National Grid, a utility company with service territories in Rhode Island and Massachusetts. The Connecticut portion of the Interstate Reliability Project includes the construction of a new overhead 345-kilovolt (kV) transmission line on 37 miles of existing right-of-way from Lebanon, Connecticut, to the Rhode Island border in Thompson, and incorporates substation enhancements. The Rhode Island and Massachusetts portions of the project extend approximately 38 miles through National Grid’s service areas. The siting decisions in those states are expected later this year, with construction of the project slated to begin shortly thereafter.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
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
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV