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FERC clears Vermont Transco's purchase of stake in 345-kV transmission facility

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FERC clears Vermont Transco's purchase of stake in 345-kV transmission facility

Vermont Transco LLC received approval Dec. 17 from the Federal Energy Regulatory Commission to become the sole owner of the 345-kV Highgate Transmission Facility by acquiring the remaining interest it does not already own.

The Vermont Electric Power Co. Inc. subsidiary will acquire Burlington Electric Department's 7.70% ownership interest and Stowe Electric Department's 5.27% stake in the facility for an aggregate price of about $6.3 million.

Built in the mid-1980s, the Highgate Transmission Facility includes the U.S. portion of an AC transmission line built to operate at 345 kV and now operated at 120 kV. The line runs from a site near Bedford Substation in Quebec to a substation in Highgate, Vt., crossing the international boundary near Saint Armand, Quebec, and Franklin, Vt. (FERC docket EC18-137)