Absaroka Energy issued license for $1B Montana power storage project

Absaroka Energy http://absarokaenergy.com/ President Carl Borgquist said his company’s efforts will now turn to engineering work to solidify a construction schedule and costs estimated last year at $986 million. The company is also seeking financing, with construction expected to begin no earlier than 2018, he said.

The 50-year license from the Federal Energy Regulatory Commission allows Absaroka Energy, of Bozeman, Montana, to construct and operate the project on a 177-acre site near the tiny town of Martinsdale, home to fewer than 100 people.

By MATTHEW BROWN Associated Press

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