National Grid says Biden-backed transmission line ‘not viable’
March 5, 2024
NATIONAL GRID and Citizens Energy are pulling the plug on a proposed $2 billion two-way transmission line linking New England and Quebec that had received financial backing from the Biden administration.
A source familiar with the situation said National Grid and Citizens Energy were unable to line up buyers for the transmission line’s power even though the US Department of Energy had committed to purchasing a large chunk of the project’s electricity output.
