It is also good for New York, which should see slightly lower rates, but maybe only for a while.
New York's Governor wants to close nuclear, and that will more than cancel out the consumer benefits of improved connections with other jurisdictions.
Regulators OK 330-mile Canada-NYC transmission line:
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Federal energy regulators have given final approval for construction of a 330-mile electric transmission line to carry lower-cost Canadian hydroelectric power to New York City.Continue reading at Electric Light & Power
In a decision Wednesday, the Department of Energy said the permit requires some final concerns to be addressed by Albany-based Transmission Developers Inc. but otherwise clears the way for the 1,000 MW Champlain Hudson Power Express transmission line. The project has been in development since 2008.
The agency said the decision was "based on consideration of the potential environmental impacts, impacts on the reliability of the U.S. electric power supply system under normal and contingency conditions, and the favorable recommendations of the U.S. Departments of State and Defense."