XM does not provide services to residents of the United States of America.

Contested Midwest transmission line starts up 13 years after approval



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Contested Midwest transmission line starts up 13 years after approval</title></head><body>

NEW YORK, Sept 27 (Reuters) -A U.S. Midwest high-voltage transmission line that faced lengthy environmental pushback entered service this week some 13 years after grid operators approved the project, developers said on Friday.

The Cardinal-Hickory Creek 345,000-volt transmission line, which ships clean power from Iowa to Wisconsin, came to exemplify the struggles ofconstructingU.S. power lines at a time of swiftly rising electricity demand.

"Following years of work, including numerous opportunities for public input, extensive regulatory and environmental review, and construction, the entire Cardinal-Hickory Creek line has been placed in service," said Dusky Terry, president of the line's co-owner ITC Midwest. ATC and Dairyland Power Cooperative are also partial owners of the 102-mile project.

As of June, 160 renewable generation projects in the upper Midwestern states totaling nearly 25 gigawatts of capacity were dependent upon completion of the Cardinal-Hickory Creek line, the co-owners said.

The administration of U.S. President Joe Biden applauded the completion of the line and lauded it as a crucial step towards bringing clean power to the Midwest.

"It takes perseverance to build the infrastructure we need and the Cardinal Hickory Creek Project proves that we can get the job done by bringing clean, affordable power to Wisconsin and Iowa," said John Podesta, senior advisor to the president for international climate policy.

In May, a U.S. appeals court lifted a lower court's order blocking a land exchange needed before developers could build the final stretch of the major clean-energy transmission line through a Mississippi River wildlife refuge.




Reporting by Laila Kearney; Additional reporting by Valerie Volcovici; Editing by Richard Chang

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.