PUC Rejects Eversource Plan for 20-Year Agreement with Hydro-Quebec

SOURCE: InDepthNH
AUTHOR: Nancy West

The state Public Utilities Commission has dismissed Eversource’s petition for a 20-year Power Purchase Agreement with Hydro Renewable Energy saying it would violate state law.

The proposed Agreement would have allowed Eversource to buy 100 megawatts of electricity from Hydro-Quebec, then resell it to the wholesale energy market and include the net costs or benefits of its purchases and sales in its electric distribution rates.

The plan was supposed to benefit New Hampshire by making sure 100 megawatts, or 10 percent of Northern Pass’ total 1,090 megawatts of electricity, stayed in the state.

Northern Pass spokesman Martin Murray said such a Power Purchase Agreement, known as a PPA, is not required as part of Northern Pass’ permitting process that is pending before the state Site Evaluation Committee.

And the PUC’s ruling is either no big deal or a “serious setback” for Northern Pass depending on whether it is Murray or an opponent of the project as it stands explaining Monday’s order.

Read the full article