Results for "fire" in Library filed under Transmission from Vermont
"Subsidizing an overdependence on one foreign government-owned source of electricity will lead to lost jobs and soaring energy bills for decades to come," said Dan Dolan, the group's president....Hydro-Quebec would use increased U.S. exports to subsidize lower prices for its provincial customers, in turn costing New England ratepayers an estimated $20 billion over 25 years.
New England’s most populous states are looking to tap Canadian dams and rivers for more of their electricity, a change that officials say would help cut greenhouse-gas emissions and help keep some of the nation’s highest power prices in check.
Developers are pitching plans, and are now offering states handsome “benefits packages” in seeking their support. In addition, states could earn millions from new property or infrastructure taxes, the leasing of existing right-of-ways and financial returns on public investment in the lines. But these assurances aren’t enough, according to Kerrick Johnson, vice president of Vermont Electric Power Co., or VELCO.
"We think that it is likely there will be significant additional transmission investment needed to maintain reliability and improve access to these clean, intermittent power sources," Lee Olivier, executive vice president and chief operating officer, said in an earnings call Friday. "But it is too early to estimate how much that additional investment will be and exactly when it will occur."
"There's a limit to the amount of power we can transfer out of that area. ... We always work to make sure the system runs in a reliable way. Having an event that could lead to a loss of customers is not a reliable outcome. So, we have to limit the amount of energy that the generators up in that part of the state are injecting into the network."