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Thread: FYI: Northern Pass High Voltage Transmission Project

  1. #601
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    Today's Colebrook Chronicle has more details in the hearing before the court. https://drive.google.com/file/d/1Rkw...D377Piwji/view

    Some of the judges questions sure look like NP is going to have a tough time of it. I do get a chuckle that the NP wants to continue the case with new members of the SEC able to refer back to the record. The record is thousands of pages and lacks any of the impact of live public hearings.
    Last edited by peakbagger; 05-17-2019 at 07:50 AM.

  2. #602
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    The Supreme Court is supposed to be ruling on the appeal today. Expect fireworks no matter which way if goes.

  3. #603
    Senior Member Barkingcat's Avatar
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    Quote Originally Posted by peakbagger View Post
    The Supreme Court is supposed to be ruling on the appeal today. Expect fireworks no matter which way if goes.
    Thank you for the heads-up.

    Looks like Northern Pass, in its current incarnation, is toast -- the NH Supreme Court just upheld the SEC opinion to not re-hear the project.
    Last edited by Barkingcat; 07-19-2019 at 09:07 AM.

  4. #604
    Senior Member Vermonster's Avatar
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    It will be interesting to see what impact this has on the Balsams project and the major wind project planned north of Dixville on Bayroot (Yale endowment) land.

  5. #605
    Senior Member sierra's Avatar
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    The Governor also weighed in, basically he said, its over.

  6. #606
    Senior Member Salty's Avatar
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    Quote Originally Posted by sierra View Post
    The Governor also weighed in, basically he said, its over.
    Perhaps someone should tell Eversource that...

    “We will closely review the Supreme Court’s decision and evaluate all potential options for moving forward."

  7. #607
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    Eversource has a Capital Works In Progress (CWIP) problem. Typically when a large project is being developed, all the expenses (reportedly in the $250 to 300 million range) gets put in CIP account that is kept out of day to day operations. It effectively not reported on the books under the assumption that once its approved the upfront capital will be spread over the life of the project. Once the project is dead the CWIP needs to hit the books in one big chunk so now management has to explain to the shareholders why they took such a big loss. The CEO for several years was personally assuring shareholders that the project would go. The normal approach by management is hope they get promoted or retire before the charges land. I expect a few retirements and lateral transfers. Maybe Martin Murray will go away

    They also have a lot of useless land and and right of ways up north that need to be managed. Reportedly the land was bought by the regulated side of the business and they are going to have to explain to the PUC why the ratepayer should have paid for this land. I expect SPHNF will pay them ten cents on dollar.
    Last edited by peakbagger; 07-20-2019 at 05:29 AM. Reason: Reduced capital cost to published values

  8. #608
    Senior Member Vermonster's Avatar
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    It wasn't all bad news for Eversource last week. NY awarded a joint venture between Eversource and Orsted one of two contracts for offshore wind.

  9. #609
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    Quote Originally Posted by Vermonster View Post
    It will be interesting to see what impact this has on the Balsams project and the major wind project planned north of Dixville on Bayroot (Yale endowment) land.
    BTW, IMHO, the big wind farm on Bayroot land tied to the NP project was a red herring. The line was being built strictly to move HQ power and even if a converter station was built to convert the AC power produced by the turbines to DC, any power from a wind farm would reduce the amount of HQ power through the line. Pure speculation on my part was that the wind farm developer would have easier access to the AC Coos transmission loop as a new power line right of way could be built adjacent to NP right of way. Despite claiming that an up grade of the Coos loop was tied to a NP approval, Eversource has been actively upgrading the Coos loop for the last three years as Northern NH currently can produce more renewable power than could be transmitted by the loop. Eversource is in the transmission business so it didnt make a lot of sense that there were limiting their profits on transmission of locally produced renewable power with outdated transmission lines.

  10. #610
    Senior Member TCD's Avatar
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    Quote Originally Posted by Vermonster View Post
    It wasn't all bad news for Eversource last week. NY awarded a joint venture between Eversource and Orsted one of two contracts for offshore wind.
    May be great news for Eversource; I saw that their stock is up on this announcement.

    But as New York State resident, I'm not sure it's good news for me.

    >This "green show" is just Cuomo trying to "outgreen" his potential 2024 opponents. Nothing in this about the necessary storage, or re-design of the grid. So all this will do, electricity-wise, is disrupt the grid, increase rates, and increase the incidence of outages.

    >I read three different articles, and I could not find out how much of my tax money is being spent on this boondoggle. "Contracts were awarded" but not a word about how many dollars - I suppose that's no surprise? All the articles talk about how much the eventual build out will be worth (3-5 billion, depending on the article). But in reality, I will probably end up paying for all of it anyway.

  11. #611
    Senior Member Raven's Avatar
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    The people of New Hampshire have spoken loudly, clearly, and with tenacity and intention. Just.

    Now we sing.

    "Na na na na
    Na na na na
    Hey hey hey
    Good bye."
    Humankind has not woven the web of life.
    We are but one thread within it.
    Whatever we do to the web, we do to ourselves.
    All things are bound together.
    All things connect.
    ~ Chief Seattle, 1854 ~

  12. #612
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    Well time to close the thread, Eversource made it official.

    http://indepthnh.org/2019/07/25/ever...northern-pass/

  13. #613
    Senior Member Salty's Avatar
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    About freaking time (Eversource, not the thread!). Thanks for all the updates over the years. Sadly, above the notches I expect a lasting effect of all this, that being animosity to those who chose to sell out to NP, regardless of what the outcome ultimately was.

  14. #614
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    Yeah funny timing. Now that they have a green sucker in New York's Cuomo, they get another crowd of taxpayers to sink the green fang into, and suddenly they're OK bailing on NP. To NH NP opponents, you're welcome (I guess). Looking soon at FL residency...

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