Friday, April 18, 2008

Wind: Whisky Dick Mountain Expansion (PSD)

From the AP via CNN Money:

Puget Energy Inc. said Thursday it plans to expand a wind farm on Central Washington's Whisky Dick Mountain, boosting the site's capacity by 17 to 22 percent....MORE

In other PSD news:

Macquarie-Led Group Wins Approval to Buy Puget Energy (Correct)

(Corrects acquirer's name in first paragraph and headquarters in third paragraph.)

April 17 (Bloomberg) -- Macquarie Infrastructure Partners and a group of Canadian companies won approval from U.S. energy regulators for their $6.7 billion purchase of Puget Energy Inc.

The deal ``will not adversely affect competition, rates or regulation and will not result in the improper cross- subsidization of a non-utility associate,'' Andrew McLain, staff member of the Federal Energy Regulatory Commission, said today at an open meeting in Washington.

New York City-based Macquarie Infrastructure is joined in the purchase with the Canada Pension Plan Investment Board, the British Columbia Investment Management Corp. and Alberta Investment Management....MORE