Maine’s Supreme Judicial Court rejected a Maine Public Utilities Commission decision on Tuesday. Chief Justice Leigh Saufley said the commission should not have granted a venture between Canadian utility Emera and First Wind.
The court said regulators misinterpreted state law aimed at limiting business relationships between transmission and distribution companies, according to WRAL. Chief Justice Saufley said the a deal should be rejected if financial interest provided incentive for a transmission and distribution company to favor certain power generators.
As a result, the Public Utilities Commission must re-examine the deal.
Emera has already invested more than $300 million in First Wind’s Northeast project portfolio.
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