Public Utilities Commission report suggests PSNH dump power plants
The company invested more than $400 million in pollution-control systems that went online in 2011 at the PSNH coal-fired plant in Bow, and would likely be facing substantial losses if it had to sell the plant. In addition to the 440-megawatt Bow plant, called Merrimack Station, the other power plants at issue are Schiller Station in Portsmouth, 150 megawatts with two coal boilers and one wood boiler; and Newington Station, 400 megawatts, which was built to burn oil and retrofitted in the early 1990s to burn a combination of oil and natural gas.
PSNH believes it can still demonstrate their economic value. "We will respond to this report in the manner directed by our regulators, and look forward to demonstrating the significant benefits PSNH's generation fleet provides to customers," said PSNH spokesman Martin Murray in a statement issued after the report was released.
"We do not share the view of PSNH, nor has the company in response to our requests provided any analysis confirming its view of fossil fleet value," they wrote. "Our analysis shows that the fossil units have very little market value."
"Right now, residential ratepayers are paying the majority of the cost for PSNH power plants, and the plants just are not economical," she said. "There are too many other lower-cost options in the market."
If PSNH is going to be forced to sell the power plants, the Legislature will likely have to become involved, Chamberlin said.
"The commissioners are trying to bring all the parties together," she said. "If they issued something on their own, and the Legislature didn't like it, the Legislature would just overturn it."
After that, the whole matter could end up in the courts anyway.
READER COMMENTS: 6
- Kathy Sullivan: Scott Brown’s prospects for a U.S. Senate win are poor - 14
- Deroy Murdock: A 'reset' with Russia that would get Putin's attention - 0
- Helen DePrima: How Obamacare worsened my health insurance - 18
- Jonah Goldberg: On Russia, Obama is stuck in the past - 3
- Ray Wieczorek: Joe Kenney is the man for the job - 1
- Roger Simon: How would Hillary handle Putin? - 2
- Charles Krauthammer: The wages of weakness - 0
- George Will: The face of IRS behavior - 0
- Another View -- Diana Lacey: Union Leader editorial got gas tax hearing all wrong - 7
READER COMMENTS: 0
- Poll activity slow but steady in Londonderry - 0
- Manchester police recover $2,000 worth of painkillers in drug arrest - 0
- 600 votes cast in Hudson by midday - 0
- Man dies after officer-involved Rochester shooting - 0
- Londonderry polls average 100 voters per hour - 0
- Faulty lamp caused Manchester blaze - 0
- Nashua school members' letter prompts an apology - 0
- UNH Law named a top 100 law school in magazine’s rankings - 0
- Musher Seavey wins Alaska's Iditarod dogsled race; woman with NH ties finishes second - 0
Taken for a ride: Hooksett’s Pinkerton deal
Manchester schools project budget surplus