Nine Hydropower Plants to be Sold by Eversource

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Nine Hydropower Plants to be Sold by Eversource

Eversource Energy is selling nine hydropower plants as part of an agreement reached with key state officials

Eversource Energy is selling nine hydropower plants as part of an agreement reached with key state officials on March 12.

The agreement is focused on providing customer savings and resolving other related issues currently under review by state regulators, Eversource says. This agreement moves the operation of the Public Service of New Hampshire (PSNH) plants to competitive markets rather than remaining an ongoing ratepayer obligation, according to a company press release.

The company's nine hydroelectric power plants are located throughoutNew Hampshire, with several of them still operating despite being more than a century old. The plants and their approximate capacity [some of these numbers may be outdated, they were not readily available on the Eversource website] are: 16-MW Amoskeag Hydro in Manchester, 8.4-MW Ayers Island in Bristol, 1.1-MW Canaan Hydro in West Stewartstown, 12.3-MW Garvins Falls in Bow, 2.15-MW Gorham Hydro in Gorham, 1.6-MW Hooksett Hydro in Hooksett,3.5-MW Jackman Hydroin Hillsborough and 15.2-MW Smith Hydro in Berlin.

Eversource also will sell threePNSHfossil-fueled plants.

The buyer must honor existing collective bargaining agreements and must agree to keep the plants in service for at least 18 months following purchase.

The agreement will resolve two ongoing dockets at the New Hampshire Public Utilities Commission that focus on Eversource's ownership of power generation and the impact on customers and the competitive energy market.

Source: HydroWorld

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