Articles filed under Impact on Economy from New Hampshire

Residents, businesses grapple with looming electricity rate spike

Nearly half of New England’s electricity is now generated by natural gas, compared with just 15 percent in 2000. But officials say the region doesn’t have the pipeline infrastructure to match the need. The problems arise during the winter, when electric power generators and home heating companies are both vying for natural gas, which is funneled to the region through pipelines coming from the Pennsylvania area. 
5 Oct 2014

Conservation group slams 'secret' work between governors, utilities

“The states and NESCOE are deliberately working out the details of this plan in secret, consistent with the view of one of NESCOE’s staffers that the plan should be ‘formulated behind closed doors’ because the ‘court of public opinion can be fickle and recalcitrant,’ ” Courchesne wrote, quoting an email from a NESCOE staff member to Executive Director Heather Hunt.
25 Jun 2014

Going 'green:' By force, not choice

In two years, PSNH could not get even 150 customers to pay more each month to buy electricity from "green" sources. These programs raise utility bills by an average of 30 percent, according to NHPR. That is a steep premium to pay so your house can be powered by wind or solar instead of coal or nuclear power. That is why activists try to get governments to force people to go "green."
2 Aug 2013

Renewable energy mandates are costly

Recently the New Hampshire Senate Committee on Energy and Natural Resources amended Senate bill 99, placing a moratorium on new wind electricity generation projects for one year. That's a nice start, but it doesn't go quite far enough. What's needed is a repeal of the New Hampshire renewable portfolio standard mandate. Why? Because ratepayers are being forced to buy extremely expensive electricity when cheaper alternatives are available.
26 Mar 2013

Wind farm giant goes after 'myths'

Woody Miller, a realtor at Coldwell Bank and Old Mill Properties in Bristol, said the Groton wind farm has likely already slowed the sale of one of his properties in neighboring Rumney. "I would argue that wind farms here will have a substantial effect on fair-market property values. If you eliminate even a few of the pool of potential buyers for a particular property, it hurts property sales and therefore values."
11 Feb 2013

New Hampshire is at a crossroads: Towers or tourism?

We are presently at a critical point in New Hampshire. Foreign wind farm companies are rushing to construct huge wind turbine projects along NH's ridgelines, in ways that will forever change the landscape of our state, unless we act now. We need to institute an immediate state-wide moratorium on such projects, before we reach the point of no return.
8 Feb 2013

Are utilities using deep pockets to battle local valuations?

Dalton selectmen were told by a Public Service of N.H. official that the utility feels it has a favorable legislature and court system and most communities are too financially stressed to be able to put up a credible defense. The message being put out by utilities is the communities do not have the resources to withstand the "onslaught and should settle for whatever terms are offered".
29 Jan 2013

Warnings realized in RGGI budget raid

"We warned everybody two years ago that this is a big pot of money that is ripe for the plucking, and that's exactly what happened," said David Juvet, the organization's vice president. Indeed, the raid happened without any real debate at all. In fact, the only other RGGI-related proposal - backed by Republicans - was to take even more money from the fund.
18 Jun 2010

Wind park hedges its finances; Noble asks to proceed despite money issue

Executives from Noble Environmental Power said that they can raise the $275 million the project costs but that they have been hampered by tumultuous financial markets, according to testimony filed Tuesday. The company asked the state Site Evaluation Committee to allow it to proceed on the condition it proves its financing plan before construction begins. ...An investment banker testifying for the state Tuesday wrote that he did not believe Granite Reliable nor Noble have a plan to finance the park. The company has not shown how it will find lenders and investors.
26 Feb 2009

North Country wind project financing questioned by state

Hearings set for next month on a $275 million wind project for the North Country could be halted under a request filed by the counsel for the public. Peter C.L. Roth, a senior assistant attorney general for the state, filed the request to suspend the hearings, set to begin March 9, saying there was inadequate financial information to determine whether the Granite Reliable Power's proposed wind electric generation park will be viable.
10 Feb 2009

PSNH chief takes the long view on RGGI

Public Service of New Hampshire may not be happy with Regional Greenhouse Gas Initiative legislation that’s making its way through the Legislature, but the utility won’t actively oppose it, says Gary Long, president and chief operating officer. In an interview with New Hampshire Business Review, Long said PSNH “didn’t oppose what went through the House,” even though the company had major concerns with the bill that would set a regional cap on carbon emissions and force utilities to bid in an open auction to obtain allowances to emit carbons. Long said he was concerned that the free-market model proposed for the carbon allowances might drive up electric rates.
14 Mar 2008

PEI Wind Farm Exports Power To U.S.

A portion of the wind energy generated from newly installed wind turbines located in PEI was wheeled through PEI and New Brunswick and sold to the New England Power Pool (NEPOOL) via the international interconnection node in Keswick, N.B. The renewable energy certificates (RECs) that were generated from this transmission were sold separately to independent buyers located in the NEPOOL.
16 May 2007
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