“The issuance of the Presidential Permits is a significant achievement for these Blackstone portfolio companies as DOE has only issued three Presidential Permits for new electric transmission lines into Canada since President Obama took office on January 20, 2009,” said Jay Ryan, lead partner for the representation. “Baker Botts looks forward to continuing to work with Transmission Developers Inc. and TDI New England as these projects move forward.”
The New England Clean Power Link is anticipated to be in-service in 2019 at a cost of approximately $1.2 billion, and will deliver wind and hydroelectric power from Canada into Vermont and the wholesale power markets operated by ISO-NE. This is the second Presidential Permit issued to a Blackstone portfolio company. In 2014, DOE issued a Presidential Permit to Transmission Developers Inc. for the “Champlain Hudson Power Express,” a proposed 1000 MW transmission line that will deliver renewable power from Canada into New York.
Baker Botts lawyers representing TDI New England and Transmission Developers Inc. on the Presidential Permit, the U.S. Army Corps permit, and associated Endangered Species Act, National Historic Preservation Act, and National Environmental Policy Act matters include Jay Ryan, Emil Barth, and Marcia Hook.
A copy of TDI New England’s press release can be found here.
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