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.
阿維斯塔公司（紐約證券交易所代碼：AVA）今天與Grid United的全資實體北平原連接器有限責任公司簽署了一份不具約束力的諒解備忘錄，開發北平原連接器，這是一條約420英里的高壓直流（HVDC）輸電線路，將在北達科他州俾斯麥和蒙大拿州科爾斯特里普附近建造。雙方現在將努力敲定有關Avista參與的最終協議，預計這將涉及該項目10％的所有權份額。
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.
根據諒解備忘錄的條款，North Plains Connector LLC將繼續爲北平原連接器的開發提供資金。Avista將在該項目投入運營時進行投資。
