SOURCE: The Journal of Québec
AUTHOR: Jean Nicolas Blanchet
AUTO-TRANSLATED VERSION: Not only does Hydro-Québec finally admit that it could indirectly pay for the cost of building a $ 2.1 billion line in New Hampshire, but it is challenging its participation in the project after “redrawing its plan” on Wednesday.
Our investigation office revealed Wednesday that the US developer Eversource intended to pass the bill to the Crown corporation for the construction of the Northern Pass high-voltage line.
It would be buried on nearly 100 km to protect the landscapes of New Hampshire, which would increase the bill by $ 500 million.
Eversource will first finance the construction, but intended to be reimbursed by Hydro for 20 to 40 years, through “transportation costs” for borrowing the line on the other side of the border.
Hydro’s director of media relations, Serge Abergel, told us last week that Eversource would “take these transport costs to make [his] investment profitable”.