In $258 Million Deal, Eversource Announces It Will Sell Its Power Plants

UTC

US NEWS FEEDS > NEW HAMPSHIRE >

Eversource announced it will sell its electricity generating stations in New Hampshire for nearly $260 million. This comes after a 20-year process and 2015 agreement to deregulate the state's energy industry. As NHPR's Sam Evans-Browns reports, Eversource's dams, hydro-facilities and fossil fuel plants will be owned by private companies - which will then sell the energy on the open market. "It does have the potential to save ratepayers a lot of money, because these power plants are so old and expensive to run, and increasingly are not in use. So as it is now, people who are paying their electric bill in NH are paying for the operations and maintenance of a bunch of power plants that sit idle much of the year." Evans-Brown continued, "When the deal...

READ MORE: In $258 Million Deal, Eversource Announces It Will Sell Its Power Plants


Top News Headlines


US News Feeds