It was reported by both the Gazette News Service and North America Wind Power on Friday that Montana focused wind-developer Gaelectric has raised $18 million from European Debt Partners to support transmission requests for moving it's wind power out of Montana.
The money is reported flow to the Bonneville Power Administration, and NorthWestern Energy. I would suspect that these deposits are associated with continuing the work, and Open Season Process, that Gaelectric kicked off with earlier requests in March of 2010 with BPA. Those requests amounted to a $3.5 million deposit with BPA to participate in their 2010 Open Season Process.
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