- Corporate Cost-Cutting: Will Early Gains Turn to Pain?
- Earnings Woke Up the Market, but Can It Continue?
- China Regulator: Bank Lending May Be Overheating
- Fortress Names Ex-Fannie Head Mudd as CEO
- The 15 Most Expensive Cities on Earth
- Box Office: 'Potter' Hauls in $160 Million in 5 Days
- Healthcare Debate: Obama Tries to Regain Upper Hand
- Berkshire Hathaway Rallies for Best Week Since March
- Cramer: Know When to Go Long—I Haven't Always
- Berkshire Hathaway Rallies 6% For Best Week Since March Lows
- Market 360: The Week's Best & Worst
- How Bad is the DVD Decline and Who Suffers?
- Teva, Propofol And Michael Jackson
- Pros Say: US Market Rally Likely to Continue
- Gold Miner Attracting Big Bull Interest
- Dick Bove: Next Week’s Bank Earnings Will Be ‘Terrible’
- Jesuthasan: 'Deleveraging Pay-The Proof is in the Bathwater'
- Art Cashin: Traders Don't Trust 'Short Term' Earnings
- Interior to halt uranium mining at Grand Canyon
- AOL tries to recapture that startup feeling
- Opposition Republicans attack Obama on health care
- Retail stocks see new calculus on investors' hopes
- J.C. Penney takes on Manhattan
- GRD board supports $86 million takeover by AMEC
- Report: Suspect killed during Brazil zoo robbery
- Chairman of business journals dies of bee sting
- Japanese stock markets closed for national holiday
Text Size 
BISMARCK, N.D. - Energy, mining and construction company MDU Resources Group Inc. on Tuesday said it plans to partner with ITC Holdings Corp. in a transmission project which would transport renewable energy from wind-rich Plains states to major metropolitan markets.
MDU intends to invest in Green Power Express LP, an entity formed by ITC to develop the Green Power Express transmission project, which would enable development of wind-energy potential in North Dakota, South Dakota and Iowa.
The high-voltage 765 kilovolt line, capable of transporting 12,000 megawatts of electricity, would run about 3,000 miles through North Dakota, South Dakota, Iowa, Wisconsin, Minnesota, Illinois and Indiana. The project is expected to cost $10 billion to $12 billion, according to a statement by ITC Holdings, a Novi, Mich., company.
"The next step is to negotiate definitive agreements with ITC and other potential partners," said Terry Hildestad, MDU's CEO said.
Shares of MDU closed at $18.12 on Monday, while ITC shares ended the day at $44.21.
Print
Email
Data is a real-time snapshot *Data is delayed at least 15 minutes