Reported Earlier, Avista Enters North Plains Connector Project With PGE And ALLETE In 3,000 MW East-West Transmission Line
Reported Earlier, Avista Enters North Plains Connector Project With PGE And ALLETE In 3,000 MW East-West Transmission Line
Avista Corporation (NYSE:AVA) today signed a nonbinding memorandum of understanding with North Plains Connector LLC, a wholly owned entity of Grid United, in the development of the North Plains Connector, an approximately 420-mile high-voltage direct-current (HVDC) transmission line to be constructed with endpoints near Bismarck, North Dakota and Colstrip, Montana. The parties will now work to finalize definitive agreements regarding Avista's participation, which is expected to involve a 10% ownership share of the project.
阿维斯塔公司（纽交所:AVA）今天与Grid United的全资子公司North Plains Connector LLC签署了一份谅解备忘录，共同开发约420英里的高压直流（HVDC）输电线路，该线路将在北达科他州俾斯麦附近和蒙大拿州科尔斯特里普附近设置端点。双方将着手最终敲定有关阿维斯塔参与的最终协议，预计涉及项目的10%所有权。
Under the terms of the memorandum of understanding, North Plains Connector LLC will continue to fund the development of North Plains Connector. Avista would invest when the project is operational.
根据谅解备忘录的条款，North Plains Connector LLC将继续为North Plains Connector的发展提供资金。阿维斯塔将在项目运营时进行投资。
