Domtar raises stake in proposed biomass plant in Wisconsin to $47M after state objects to cost of project

Read so far

Domtar raises stake in proposed biomass plant in Wisconsin to $47M after state objects to cost of project

May 04, 2011 - 10:13
Posted in:

MILWAUKEE, WI, May 4, 2011 (Milwaukee Journal Sentinel) -Domtar Corp. agreed to boost its financial stake in a proposed biomass power plant, as We Energies and the paper company revised the terms of their deal Tuesday to satisfy regulators' concerns.

The three-member state Public Service Commission last week raised objections about the cost of the $255 million biomass power plant that We Energies is seeking to build at the Domtar paper mill in Rothschild, just south of Wausau. The plant would burn wood chips and other forms of biomass to produce electricity for the energy grid and steam for the adjacent paper mill.

The PSC, however, said the plant's price tag was too expensive and was structured in such a way that too much of the cost would be borne by customers of the Milwaukee-based utility. Commissioners directed Domtar and We Energies to revise their proposal.

Milwaukee Journal-Sentinel - Biomass plan revised after regulators object to cost

RISI is not responsible for the reliability or availability of content on external websites.