Winnipesaukee Forum - View Single Post - Lower Wboro electric rates = more/longer power outages???

Winter Harbor Native · 12-12-2014, 02:19 PM

This project will be held up and probably not be built just as Seabrook was.
I am not a fan of the Ct. Co.that took over PSNH because of the bankruptcy
for sure, but here is what they are putting out for PR, not that it will make
a lot of difference. It is the same old not in my backyard. Although it is funny
when Seabrook was being built PSNH said we should not rely on Foreign
power even though it was from our friend Canada. One of those things we can argue for both sides. By the way the power is in one big pool anyway,so it should be more reliable and cheaper for all of us. I think Wolfeboro buys their power from Baltimore Gas and Light or a similar name?

Here is their argument on one of their websites.

FACT: Northern Pass will carry clean hydropower from the New Hampshire border with Canada, south to where it will be distributed throughout the regional grid from a substation in Deerfield, New Hampshire. A portion of the energy will be used in New Hampshire, as well as the other New England states.

In our regional energy system, the price of electricity is based on how much power is available to everyone in all of the New England states. When a new source of low-cost energy is added, it lowers the price of electricity for everyone. An energy market study showed that the added power from Northern Pass will lower energy costs by about $300 million a year throughout New England, and that New Hampshire will save between $20 million and $35 million annually on energy costs as a result.

Northern Pass will also generate $28 million annually in additional tax revenue for New Hampshire, based on 2011 tax rates, adding up to more than $1 billion over the life of the project. When a company builds something, whether it’s a store or a transmission tower, it increases the value of the property— and the property taxes owed to that community. Each town along the route, the counties along the route, and the state will all get additional revenue each year and for years to come once Northern Pass is built. That includes $7.5 million annually paid directly to the state education fund. This additional revenue is generated without increasing the costs of any government services.

12-12-2014, 02:19 PM	#25
Winter Harbor Native Junior Member Join Date: Apr 2004 Location: Wolfeboro Posts: 6 Thanks: 0 Thanked 7 Times in 3 Posts	Thanks This project will be held up and probably not be built just as Seabrook was. I am not a fan of the Ct. Co.that took over PSNH because of the bankruptcy for sure, but here is what they are putting out for PR, not that it will make a lot of difference. It is the same old not in my backyard. Although it is funny when Seabrook was being built PSNH said we should not rely on Foreign power even though it was from our friend Canada. One of those things we can argue for both sides. By the way the power is in one big pool anyway,so it should be more reliable and cheaper for all of us. I think Wolfeboro buys their power from Baltimore Gas and Light or a similar name? Here is their argument on one of their websites. FACT: Northern Pass will carry clean hydropower from the New Hampshire border with Canada, south to where it will be distributed throughout the regional grid from a substation in Deerfield, New Hampshire. A portion of the energy will be used in New Hampshire, as well as the other New England states. In our regional energy system, the price of electricity is based on how much power is available to everyone in all of the New England states. When a new source of low-cost energy is added, it lowers the price of electricity for everyone. An energy market study showed that the added power from Northern Pass will lower energy costs by about $300 million a year throughout New England, and that New Hampshire will save between $20 million and $35 million annually on energy costs as a result. Northern Pass will also generate $28 million annually in additional tax revenue for New Hampshire, based on 2011 tax rates, adding up to more than $1 billion over the life of the project. When a company builds something, whether it’s a store or a transmission tower, it increases the value of the property— and the property taxes owed to that community. Each town along the route, the counties along the route, and the state will all get additional revenue each year and for years to come once Northern Pass is built. That includes $7.5 million annually paid directly to the state education fund. This additional revenue is generated without increasing the costs of any government services.