SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mafia Stock Mobsta's Social Club (Bulls Board)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jmhollen who wrote (6564)4/18/2011 8:33:09 PM
From: jmhollen  Read Replies (1) of 6687
 
PUC grants Laidlaw conditional approval on PPA

By Barbara Tetreault
Apr 19, 2011 12:00 am

CONCORD – The N.H. Public Utilities Commission late yesterday afternoon issued granted conditional approval to a proposed purchase power agreement between Public Service of N.H. and Laidlaw Berlin BioPower/Berlin Station.
The PUC said it found the agreement as filed not in the public’s interest. It noted the PPA could cost as much at $2 billion over its 20 year term.
But the agency said it “would, however, approve a modified PPA complying with certain conditions that mitigate risk to PSNH’s default service customers and reduce total payments to approximately $1.3 billion over the term of the PPA”.
The hearing on the PPA ran for five days this winter and parties had until Feb. 14 to submit closing arguments. The city intervened in favor of the PPA and urged the PUC to rule quickly on the agreement.
The decision comes just days before Laidlaw/Berlin station is set to appear before the N.H. Site Evaluation Committee this Friday on its joint request to transfer the certificate of site and facility from Laidlaw to Berlin Station. The SEC last year granted Laidlaw conditional approval to construct and operate a 70-megawatt biomass plant on the former mill site. Laidlaw has since announced reorganization and a change in its major contractor and fuel supplier. One of the conditions of the SEC certificate is an approved PPA.
Look for reaction to the PUC decision in Wednesday’s Berlin Daily Sun.

berlindailysun.com
.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News