Legalectric

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Remember the Mid-Atlantic Power Pathway?

A while back, PEPCO or PHI, announced that they would not be moving forward with this project.

PEPCO wants to suspend MAPP proceedings

Lower energy production puts brakes on powerlines – News Journal January 24, 2010

Now they’re going for DOE federally guaranteed loans… funny how that works.  A project that is delayed and delayed because it is NOT needed, that they are NOT willing to finance on their own, that they can’t or won’t get market financing for it, that they can’t or won’t finance themselves, and so now they want federal financing? Sounds like the DOE needs some lessons from Fannie Mae about financing outrageous and unsupportable projects!

Thinking about this, and what that pro forma must look like, I called the DOE rep about getting a copy of the loan application.  Seems it’s not online and it’s not public and I’m going to have to do a FOIA request to get it, and that it will be redacted.   OK, whatever… will keep you all posted about that!

Here are the official notices of the financing arrangement and the scoping meetings:

Federal Register – Notice of Intent

MAPP Newspaper 02-04-2011

LINK TO DOE’s PAGE FOR Mid-Atlantic Power Pathway

And Pepco’s MAPP site has the announcement on their “Events” page:

PEPCO’s Mid-Atlantic Power Pathway’s site’s EVENTS PAGE

The public hearings are as follows:

Date: Tuesday, March 22, 2011
Presentation of Project Description & Oral Comments: 7:00 pm
Place: Holiday Inn Express – Prince Frederick
355 Merrimac Court
Prince Frederick, MD 20678

Date: Wednesday, March 23, 2011
Presentation of Project Description & Oral Comments: 7:00 pm
Place: Cambridge-South Dorchester High School
2475 Maple Dam Road
Cambridge, MD 21613

Date: Thursday, March 24, 2011
Presentation of Project Description & Oral Comments: 7:00 pm
Place: Indian River Senior Center
214 Irons Ave
Millsboro, DE 19966

Be there or be square!