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Mich. Company's Power Line Would Carry Wind Energy

Stock quotes in this article: ITC  

SIOUX FALLS, S.D. (AP) — The Federal Energy Regulatory Commission has approved incentives that could help a Michigan company build a 3,000-mile transmission "superhighway" to move wind-generated power out of the Midwest.

Novi, Mich.-based ITC Holdings Corp. filed its rate and incentives application in February. FERC recently approved a 12.38 percent return on investment for the project, which is expected to cost $10 billion to $12 billion.

The transmission line would deliver wind-generated power from the Dakotas, Minnesota, Iowa, Wisconsin, Illinois and Indiana to Chicago and points east. ...

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