Divestiture

NH News
7:24 pm
Wed April 2, 2014

Report: PSNH Plants Would Be Worth Little On Open Market

LaCapra estimates that compared to a $500 million "book value" Merrimack station would sell for somewhere around $10 million, or 2% of it's value. Schiller Station could see a similar mark down, at 6.5% of it's value.
Credit LaCapra Associates

An independent assessment commissioned by electrical regulators has released a preliminary report that finds some of Public Service of New Hampshire’s fossil-fired plants hold little market value. The report agrees with what staff at the Public Utilities Commission said last year.

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Environment
5:40 pm
Tue March 25, 2014

Cold Weather To Boost PSNH Bid To Hang On To Power Plants

PSNH says Merrimack station has contributed to 2/3 of the $115 million the utility saved by running its own power plants.
Credit Sam Evans-Brown / NHPR

This winter’s cold weather has proven a boon to Public Service of New Hampshire and its customers. Spikes in the price of natural gas have lifted regional electric prices, making PSNH’s rates competitive again.

PSNH says during most of the winter it was able to more cheaply produce electricity using its fleet of power plants than buying it on the open market and this saved the company $115 million dollars, savings which will be passed on to customers.

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Environment
5:59 pm
Thu February 20, 2014

Groups Agree: Time To Decide What To Do With PSNH Plants

The New Hampshire House appears poised to send the question of whether the state's largest utility should sell its power plants to regulators.

In 2012, lawmakers tried to force PSNH to sell its power plants outright, but that effort stalled in the New Hampshire house. So this time around they’ve written a bill that asks the Public Utilities Commission to rule on whether that sale would eventually lower electric rates.

That bill got near unanimous support during a committee hearing Thursday, including from PSNH itself.

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Environment
6:22 pm
Wed October 16, 2013

Lawmakers Look To Keep The Door Open To PSNH Action

The scrubber on Merrimack Station drives much of the difference in PSNH's rates vs. those of competitors.
Credit Christian Patti / http://christianpatti.com/

Since June New Hampshire lawmakers have been grappling with what to do about the persistently above market cost of electricity at the state’s largest utility, Public Service of New Hampshire. Now the legislative committee wants advice from regulators to see if selling PSNH’s power plants is the solution, but that advice may be slow in coming.

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Environment
5:28 pm
Mon September 30, 2013

Outlines Of Plan For PSNH Power-Plants Begin To Emerge

New Hampshire lawmakers say new leadership at Public Service of New Hampshire has brought a change of tone. For policy-makers this as a welcome development as they seek a solution to the steady bleed of customers from the state’s largest utility.

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NH News
5:23 pm
Tue April 17, 2012

Bid By Resident Power for PSNH Customers Heats Up

PSNH's Merrimack Station
Flkr Creative Commons / PSNH

 

For customers of the state’s largest electric utility, Public Service of New Hampshire, electric rates are going up this week. Resident Power, the new utility in town, is using that fact to beat the drums and let New Hampshire residents know they can save money on their electric bills.

That could mean trouble down the line for PSNH.

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