Dive Summary:
- The Public Service of New Hampshire (PSNH), the states’ largest utility, is undergoing state hearings over whether the utility should be forced to sell off its generation assets.
- Competing electricity suppliers argue the utility faces a "death spiral" as its $425 million emissions reduction project is driving rates higher and disenchanting customers. On the other side of the table, PSNH Pres. Gary Long asked lawmakers, "Rather than beat up on PSNH and take money away, why not work together to put New Hampshire in the best position right now? Let's build something, not destroy it."
- Sen. Jeb Bradley, (R-Wolfeboro), an architect of the state’s deregulation law, says the utility’s decision to install scrubbers to remove emissions at its Merrimack coal plant in Bow was a costly mistake, despite the fact that state legislators required the utility to set up the scrubbers.
From the article:
“The company maintains the state passed legislation mandating the scrubber, and it should be able to collect 100 percent of the costs. Others argue the project should have been stopped when estimates rose from $250 million to $450 million.”