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Grain Belt Express one step closer to construction after regulators approve sale | Business | stltoday.com

“JEFFERSON CITY — Missouri utility regulators on Wednesday unanimously approved Chicago-based Invenergy’s acquisition of the Grain Belt Express transmission line.

The Missouri Public Service Commission’s decision to approve the sale was a necessary step for Invenergy to buy the rights to construct the proposed line, which will carry electric power generated by wind farms in Kansas to eastern consumers.

Clean Line Energy Partners announced in November that it would sell rights to the transmission line to Invenergy.

The line, which will go through eight northern Missouri counties, would also deliver power to at least 350,000 Missourians and unlock energy savings of $12.8 million per year, based on contracts already reached with municipal utilities around the state.”

Source: Grain Belt Express one step closer to construction after regulators approve sale - Business - stltoday.com

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