In the latest setback for attempts to bring more natural gas into the region, New Hampshire regulators have rejected Eversource’s idea to cover the cost of buying natural gas with money paid by electricity users, according to a recent article in the Concord Monitor.
The decision by the state Public Utilities Commission follows a similar rejection in August from the Supreme Judicial Court in Massachusetts, and may put the kibosh on a $3 billion project known as Access Northeast, which seeks to expand and enlarge pipelines carrying gas through Connecticut into eastern Massachusetts, the article states.
Opponents of ratepayer financing argue that it would saddle electricity customers with unnecessary costs, while protecting Eversource from any poor business decisions. Purchase agreements would also help lock the region into long-term dependence on gas when the business and technology of producing and selling electricity is being transformed.
To read the Concord Monitor article, click here.
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