Whatever company buys Eversource’s New Hampshire power plants, as a result of the utility’s recently struck agreement to get out of the generation business, will be acquiring a lot of unknowns if it plans to keep producing electricity. And those unknowns could amount to hundreds of millions of dollars in added costs.
The sale of New Hampshire’s last coal plants and other generating assets was approved by the NH Utilities Commission in late June. It was part of a grand bargain that brought together the utility, state agencies, lawmakers from both parties, environmentalists, a key union and Eversource’s competitors.
But how was the deal approved? What are the issues going forward? And what might become of the plants?
Click below to read the full story by Bob Sanders in the New Hampshire Business Review.