Eversource Energy
Several energy companies reported their second-quarter earnings results last week.
The price tag on the proposed Northern Pass transmission line in New Hampshire appears likely to rise after a draft environmental impact statement released last week showed the cheapest route would also have the greatest environmental impact.
The second transmission line proposed to bring Canadian hydropower into the Northeast under Lake Champlain has advanced with the release of its draft environmental impact statement.
A New Hampshire energy broker wants to dust off a so-far unused 1978 state law that allows small hydro producers to sell electricity directly to customers.
Eversource Energy's proposed Northern Pass transmission project won’t be operational until the first half of 2019. The company had previously said the line would be delivering Canadian hydropower to New England by 2018.
Eversource will sell its New Hampshire plants to satisfy regulators’ divestiture demands and resolve a long-standing dispute over the cost of pollution controls.
Hydro-Quebec is looking to expand its exports to its long-standing customers in the Northeast power markets, a Quebec spokeswoman told the Connecticut Power and Energy Society.
Eversource Energy (formerly Northeast Utilities) reported higher year-end earnings fueled by a strong fourth quarter and a drop in operating costs.
ISO-NE chose Eversource Energy and National Grid to build a $740 million land-based transmission project to solve reliability problems in the Boston area, rejecting a more expensive undersea cable proposal by NextEra.
The 36% increase in prices in last week’s ISO-NE capacity auction likely represents the peak for the foreseeable future.
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