Rate incentives approved for 3,000-mile transmission project

04/14/2009 | New York Times (tiered subscription model), The

The federal government this week approved a rate incentive for a 3,000-mile transmission project that could eventually bring wind-powered electricity from North Dakota to several cities. The ITC Holdings Corp. project, dubbed "Green Power Express," will cost up to $12 billion and is aimed at strengthening the aging electricity infrastructure. ITC will work with the Midwest Independent Transmission System Operator on a method for distributing the project's costs.

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