Philip L. Bartlett II, chairman of the Maine Public Utilities Commission, said at the agency’s meeting Thursday that the developer, LS Power, informed regulators that it “can no longer hold to its price” for the transmission line that would extend up to 160 miles. It did not spell out a revised price, he said, and details of the confidential negotiations are not available. “This is a nonstarter,” Bartlett said. He said a contract “at a minimum” would be required to include a binding price.
Maine Public Utilities Commission members said the developer, LS Power, reported it could no longer hold to an agreed-upon price for the project. The PUC will soon accept new bids.
Maine Public Utilities Commission members said the developer, LS Power, reported it could no longer hold to an agreed-upon price for the project. The PUC will soon accept new bids.
In another setback for a slow-moving project, Maine Public Utilities Commission members said the developer, LS Power, reported it could no longer hold to an agreed-upon price for the project. The PUC soon will accept new bids.
New York-based LS Power wants to build up to 160 miles of transmission line across northern and central Maine, but differences over terms of the service and power purchase agreement have emerged, as has some community opposition.