Feds OK 330-Mile Canada-NYC Power Line

ALBANY (AP) -

Federal energy regulators have given final approval for construction of a 330-mile electric transmission line to carry lower-cost Canadian hydroelectric power to New York City.

The Department of Energy said the permit requires some final concerns to be addressed, such as approval from the Coast Guard to avoid navigation hazards and work to protect fish, wildlife and cultural resources, including historic sites. But it otherwise clears the way for the 1,000-megawatt transmission line. The project has been in development since 2008.

The project is aimed at saving about 2 to 3 percent on energy bills in New York City, where power is expensive and in high demand. The developer has said ratepayers also will see price breaks from Long Island to Albany.

Construction is expected to take about four years, create about 300 jobs and cost about $2 billion.