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Tuesday, August 16, 2011

Enbridge Buys Embattled Montana Power Transmission Line

Link here.
A Canadian energy company is buying an embattled Montana power transmission line project that has seen its plans of shipping wind energy across the border become mired in landowner disputes.
Data points: 
214-mile transmission line
Enbridge will buy Tonbridge Power, Inc: main business is the Montana-Alberta Tie Line power transmission project
ENB to pay $70 million; incur outstanding debt; ultimate cost about $300 million

The MATL line has been the focus of high-profile legal and legislative battles in Montana. Some landowners are refusing to sell rights of way to the company, leading to bitter eminent domain claims.

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