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Northern Pass isn't best option, rival study says
A rival energy group to Northern Pass said yesterday that its new study shows the hydropower project is no longer economically viable because natural gas is increasingly becoming a cheaper alternative.
June 13, 2012
by Annmarie Timmins
in Concord Monitor
A rival energy group to Northern Pass said yesterday that its new study shows the hydropower project is no longer economically viable because natural gas is increasingly becoming a cheaper alternative.
Dan Dolan, president of the New England Power Generators Association, said in the two years since Northern Pass put out its own economic study, natural gas prices have dropped significantly. And federal energy officials have predicted they'll stay that way for the foreseeable future.
That price drop, Dolan said, means that hydropower from Canada won't be as competitive. He said the association's study shows that Northern Pass, which is a partnership... [continue via Web link]
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