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 volume 13, issue #21 - Tuesday, November 25, 2008

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Canada-US power line gets US Army Corps of Engineers permit

13-10-08 Energy Investors Funds (EIF) said the Juan de Fuca Cable, which will move power between the US and Canada, has received a permit from the US Army Corps of Engineers authorizing the installation of the cable on US soil and seabed.
The permit represents the conclusion of all major US federal and state permitting requirements for the development of the 50-km, 550-MW high voltage direct-current submarine transmission cable.

A separate certification also has been issued by the Washington State Department of Ecology, which has certified that the project's construction will comply with the strict water quality and pollution measures, according to EIF. EIF said that the awarding of the permit is another major milestone in the development of the transmission project, following the June issuance of a presidential permit by the Department of Energy.
The Juan de Fuca Cable is being developed through a joint venture between Sea Breeze Power, Boundless Energy NW and United States Power Fund, a privateequity fund managed by EIF and will connect Vancouver Island, British Columbia, with Washington's Olympic Peninsula.

Sea Breeze Power said the majority of electricity bought and sold between British Columbia and the markets to the south are transmitted through a single congested pathway referred to as the I-5 Corridor.
EIF is a private equity fund manager that invests in the US energy and electric power sector.

Source: http://www.platts.com



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