A Hydro-Quebec subsidiary is shopping for an organization that operates 13 hydropower producing stations in Vermont, New Hampshire and Massachusetts.
The $2 billion buy of Great River Hydro LLC and the dams that produce 589 megawatts of electrical energy will present Hydro-Quebec with the biggest hydropower operation in New England, officers stated Wednesday.
Hydro-Quebec has a protracted relationship with New England, offering hydropower to the area for the reason that Eighties.
Sophie Brochu, president and CEO of Hydro-Quebec, stated the settlement to amass Great River and the dams alongside 310 miles of the Connecticut and Deerfield rivers from associates of ArcLight Capital Partners will leverage the capabilities of each firms.
“By combining our strengths, we can support the development of new renewable energy projects in a market where such resources are in high demand,” Brochu stated.
Judge approves plan to cut back Puerto Rico debt
A federal decide on Wednesday permitted a plan to restructure some $6 billion of debt held by Puerto Rico’s Highways and Transportation Authority because the U.S. territory emerges from chapter.
The plan saves Puerto Rico greater than $3 billion in debt service funds, in keeping with a federal management board that oversees the island’s funds.
“The plan creates a solid financial foundation to ensure Puerto Rico’s roads and public transportation are maintained and improved,” the board stated.
It has beforehand famous that 13% of the island’s highways are in good situation, in contrast with a median of 84% within the U.S. mainland.
Only one authorities company on the island has but to restructure its debt: Puerto Rico’s Electric Power Authority, which holds some $9 billion in debt, the biggest of any public company.
Source: www.bostonherald.com”