A strange concession
The headlines focused on NStar's commitment to purchase 27 percent of the expensive power to be generated by Cape Wind - something the utility had been loath to do. Less noticed was another concession NStar made: that it would not use any hydropower to meet state-mandated renewable energy targets for the next five years.
February 17, 2012
by Steven Syre
in Boston Globe
As any journalist can tell you, nothing promotes clarity of thought and purpose like a looming deadline.
So it wasn't a shock when Governor Deval Patrick and Attorney General Martha Coakley finally reached a deal this week with NStar, offering state backing for the big utility to merge with Northeast Utilities in return for concessions to customers and commitments to buy power generated by Cape Wind, the controversial offshore wind project that has yet to be constructed in Nantucket Sound.
The business agreement between NStar and Northeast, struck in October 2010, was set to expire in less than nine weeks if the... [continue via Web link]