Green Line

Investors

Green Line investors include Catamount Management Corporation, Starwood Energy Group, and the Energy Investors Funds Group (EIF). All three have extensive investment experience in the energy sector.

Catamount Management Corporation is a private investment firm that manages the various investments of the Kaneb family. These include the dairy HP Hood LLC, real estate development and petroleum marketing. The family also has a limited partnership interest in the Boston Red Sox.

Starwood Energy Group Global, LLC, an affiliate of Starwood Capital Group Global, LLC, focuses predominately on energy infrastructure investment, including the acquisition and development of power generation and transmission projects, principally in North America. To date, the company and its affiliates have invested, or committed to invest, more than $300 million of equity capital in transactions representing over $3.2 billion total enterprise value when fully developed.

Energy Investors Funds (EIF) was founded in 1987 as the first private equity fund manager dedicated exclusively to the independent power and electric utility industry. Its consistent, proven investment strategy is to create geographically and technologically diversified portfolios of electric power-related assets that provide superior risk-adjusted equity returns with current cash flow and capital appreciation. As investment managers EIF seeks to mitigate commodity risk (fuel and electricity) by focusing primarily on acquiring power assets with long-term off-take contracts. EIF has mobilized over $3.4 billion in capital, and currently manages four private equity funds from its offices in Boston, New York, and San Francisco. These funds have made over 100 diversified investments with a combined underlying asset value exceeding $7 billion.

Industry News

China has begun construction on the world’s largest capacity transmission line. The 800kV high voltage direct current line began on May 13, 2012.  The HVDC line is 1,400 miles long and will carry up to 8,000 megawatts of power.  (Read more…)

Benefits

Green Line will strengthen the transmission grid in New England and help provide greater access to competitively priced non-carbon emitting resources in Maine and eastern Canada. Read more…

Media Coverage

Maine’s Portland Press Herald reports on May 13, 2012 that Central Maine Power’s $1.4 billion transmission upgrade will not provide benefits needed by alternative energy projects in northern and eastern Maine. Read more….



New England Independent Transmission Company, LLC | 401 Edgewater Place, Suite 640, Wakefield, MA 01880 | 781-246-9851