Invenergy LLC filed this letter with the Wisconsin Public Service Commission stating its withdrawal of the Certificate of Public Convenience and Necessity application for the Ledge Wind Energy center, a 100 turbine facility proposed for Brown County. The full letter can be accessed through the links at the bottom of this page.
Invenergy LLC filed this letter with the Wisconsin Public Service Commission stating its withdrawal of the Certificate of Public Convenience and Necessity application for the Ledge Wind Energy center, a 100 turbine facility proposed for Brown County. The full letter can be accessed through the links at the bottom of this page.
Excerpt
After careful review of the continuing uncertainty generation by the current legislative and regulatory climate, and after intensive evaluation of the resulting investment considerations, Invenergy has determined that it will no longer pursue development of the Ledge Wind Energy Center and requests that the Commission terminate the CPCN ("Certificate of Public Convenience and Necessity") application process for the Ledge Wind Energy Center. With the recent suspension of Chapter PSC 128 and the unpredictability of the course of the ensuing legislative and administrative process, Invenergy cannot justify continuing to make significant investments regarding the Ledge Wind Energy Center while substantial uncertainty persists regarding relevant project regulations. Due to the advanced nature of development of the Ledge Wind Energy Center and the consequent extensive financial commitments, the absence of regulatory stability has made it imprudent for Invenergy to proceed with investments in a project which unknown regulations might make infeasible to construct.
will no longer pursue development of the Ledge Wind Energy Center. We value the relationships we've formed with community members and landowners, and appreciate their interest and support. But with the recent suspension of PSC Rule 128 contributing to the state's regulatory uncertainty, we've had to reevaluate our planned investments in Wisconsin.
Ours is a business decision in which we could not justify continuing to make significant financial commitments in maintaining the Ledge project while uncertainty persists regarding relevant project regulations.
Invenergy will continue to actively work with industry and state leaders toward creating a regulatory environment conducive to wind development and investment in Wisconsin. Invenergy also will continue to develop other wind projects in the state that do not require as significant investment at this time and whose development can be timed to coincide with the final outcome of the regulatory process affecting wind development in Wisconsin.
The Ledge Wind Energy center is a 100 turbine facility proposed for Brown County, Wisconsin.
