HALLOWELL — State regulators on Tuesday approved a multimillion-dollar deal that could fund construction of hundreds of wind turbines in Maine and the Northeast, despite a staff recommendation to reject the proposal.
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HALLOWELL — State regulators on Tuesday approved a multimillion-dollar deal that could fund construction of hundreds of wind turbines in Maine and the Northeast, despite a staff recommendation to reject the proposal.
All three members of the Public Utilities Commission voted for a complex series of transactions among First Wind, Bangor Hydro and Maine Public Service and their parent, Nova Scotia-based Emera, Inc., and Ontario-based Algonquin Power and Utilities Corp.
The commissioners said the economic benefit of such investment was substantial, that any potential harm from the deal could be mitigated by PUC-imposed conditions and that the deal helped meet the ambitious goals of Maine’s 2008 Wind Power Act. Maine currently has 205 commercial wind turbines that can produce 400 megawatts of electricity. Tuesday’s deal could pave the way for construction of turbines producing an additional 1,200 megawatts.
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