Real Estate News
--> New Hampshire News
Administration Gives Northern Pass a Second Chance for Energy Procurement
Less than a week later, the New Hampshire Site Evaluation Committee defeated those ... Worries that the project would ruin the rural landscape, harm the tourism economy, and depress real estate values have persisted since the original project was proposed ...
After releasing a request for proposals in March 2017 seeking long-term contracts for clean energy projects, on January 25 the Baker-Polito administration selected the Northern Pass Hydro (Northern Pass) project to move forward to contract negotiations with Massachusetts’ electric distribution companies in an effort to bring over 1,000 megawatts of electricity to the CommonwealthLess than a week later, the New Hampshire Site Evaluation Committee defeated those plans, voting unanimously to deny a certificate to Eversource Energy, the utility responsible for developing the projectNow, the administration is giving Northern Pass a second chance to gain approval from New Hampshire regulators, but they have chosen a “back-up” project should Northern Pass fail once more.
Northern Pass initially emerged from a group of 46 bids to fulfill clean energy procurement requirements laid out in An Act Relative to Energy Diversity (H4568) signed by Governor Baker in 2016The $1.6 billion project would have brought hydropower through New Hampshire from Quebec, delivering 9,450,000 megawatt hours of clean energy per year to Massachusetts.
However, the administration may have underestimated Northern Pass’ unpopularity in New HampshireThe committee that rejected the bid cited concerns over the 192 miles of transmission lines that would be built across their stateWorries that the project would ruin the rural landscape, harm the tourism economy, and depress real estate values have persisted since the original project was proposed in 2010.
In an effort to fulfill the clean energy procurement requirements established by H4568, the selection committee decided on February 16 to give Northern Pass a second chance to win approval from New Hampshire regulatorsThe project has until March 27 to gain enough support; meanwhile, Northern Pass officials say they can make a strong legal argument to get the New Hampshire Site Evaluation Committee to reconsider the project.
As a potential “back-up” option, state officials have chosen the New England Clean Energy Connect: a 148-mile transmission project to be built by Central Maine Power Coand its parent, AvangridThe notable appeal of Clean Energy Connect is that most of the line would run through existing utility rights-of-way, hopefully avoiding the type of opposition that plagued the Northern Pass project.
The future of the Northern Pass Hydro project will potentially have critical implications for the residents of New Hampshire and the broader protocols surrounding hydro power delivery in New England.
Trending New Hampshire News:
HUD accuses NH broker of discrimination
New Hampshire Roll Call
One in 4 sales in NH in Q1 were reportedly distressed properties
Lesser-known candidates share spotlight in NH
213-Year-Old Mica Mine, Now a Tourist Attraction, for Sale in New Hampshire
How To Find Your Own Retirement Tax Haven
Dream coach Michael Cooper has tongue cancer
Real Estate Corner Home financing 101 for first-time homebuyers
N.H. Economic News Roundup: Second Homes, Disapearing Teaching Jobs & The Latest Job Growth Report
Tenney Mountain ownership group fights effort to increase attachment against its property to $1.1 million
Michael Travis Joins the Exclusive Haute Residence Real Estate Network
Fritz Wetherbee: Col. Roberts Means Mansion, Amherst
Snow cancels session today
Clinton Proposes Estate Tax Hike
Candlelight vigil held for slain New Hampshire police chief
Planet Fitness is shaping up for Harlingen
Vermont man whose mom died at sea insists he didn't sabotage boat
People and Property: NH Real Estate and Construction News Rundown
WATCH: Brother remembers victim of Manchester homicide
Behind the scenes of the Trump campaign: The first son-in-law