(Reuters) - New York State on Thursday approved a multi-billion-dollar, long-term project by Montreal-based public utility Hydro-Quebec to deliver hydropower to parts of New York City.
Hydro-Quebec said its U.S. partner, Transmission Developers Inc, will begin construction of the Champlain Hudson (NYSE:HUD) Power Express line in summer 2022 to supply hydropower. Commissioning of the line is scheduled for 2025, it added.