wiredinUSA November 2013

Financing closes for 1,000MW transmission project

JCM closed development financing for an underwater high voltage direct current (HVDC) transmission project with Lake Erie Power Corp (LEPC) to connect Ontario to Pennsylvania. The project, known as the Lake Erie CleanPower Connector, would bring hydroelectric, wind, solar, natural gas and nuclear energy to the PJM grid, which supplies electricity to 13 states and the District of Columbia. The privately funded project is estimated to cost $1 billion. Commissioning is targeted by the end of 2017. Capital has

“JCM Capital is excited and proud to be financing and providing co-development services for this early stage and high profile HVDC transmission project,” saidMartin Ritchie, JCM Capital’s CFO. “The new inter-tie will allow Canada to transmit surplus clean energy power generated via Ontario’s Green Energy Act to the PJM markets where there is a demand.” To complete the Lake Erie CleanPower Connector, two solid, six-inch transmission cables will be placed beneath Lake Erie, from Nanticoke, Ontario to Erie County, a distance of approximately 65 miles.

wiredInUSA - November 2013

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