Per terms of the New Facilities Payment Agreement, Loring Holdings, LLC ("LH") has issued its quarterly report to the Loring Development Authority regarding progress being made on the Maine Power Express ("MPX") transmission line project. Click here to view the report.
LH is committed to the redevelopment of the Loring Commerce Centre for energy and economic development. The MPX represents an opportunity to utilize the existing Searsport-Loring Corridor for the installation of an underground transmission line that will bring Wind resources from southern Aroostook County and Hydro resources from Canada to Boston, MA, and the New England energy market. To learn more about the MPX, visit: www.mainepx.com.