Eversource Plan To Sell Plants Filed With State

Jun 11, 2015

Credit Public Service of New Hampshire

   

New Hampshire's largest utility says its plan to sell off its fleet of power plants is in the hands of state energy regulators.

Eversource filed the settlement with the Public Utilities Commission on Wednesday. It depends on legislation passed by the House and Senate; Gov. Maggie Hassan said she would sign it.

Eversource says the sale means customers will no longer be responsible for paying for the continued operation of them, and will avoid potentially costly investments to meet environmental standards.

Eversource says the filing anticipates regulatory hearings this fall and a PUC decision by the end of the year.

Once the plants are sold, Eversource plans to purchase energy in the open market, like all other New Hampshire electric utilities.