Like PSNH’s zombie talking points about the Northern Pass project, the company has once again repeated a baseless and misleading claim—this time in a vain hope of sustaining its failing coal-fired business model. Once again, the cold, hard facts belie PSNH’s claim of a $700 million savings to its customers over the last decade.…
Jul 22
2013
2013
Jun 10
2013
2013
“No supportable basis for optimism” and “ever higher costs”: PUC Staff calls out PSNH’s failed business model
This past Friday, staff from the New Hampshire Public Utilities Commission and The Liberty Consulting Group issued the results of their investigation (PDF) into the impacts of PSNH’s failing business model and “ever higher costs” to consumers. The Union Leader and NHPR were quick to quote the report’s damning conclusion: In summary, the situation looks…
May 1
2013
2013
Coal-Fired PSNH Continues to Lose Customers, Anger Those Who Remain
It’s another spring in New Hampshire, and the slow death of Public Service Company of New Hampshire’s (PSNH) coal-fired business model continues, as do PSNH’s efforts to hold back reality and hold on to its regulatory protection from competition. More and more PSNH customers are choosing cleaner, cheaper energy options, the company is again…
Feb 28
2013
2013
Dark Days Ahead: Financial Factors Cloud Future Profitability at Dominion’s Brayton Point
The report projected a bleak future for the 50-year-old coal-fired facility, finding that the once profitable power plant’s earnings before interest, taxes, depreciation and amortization (EBITDA) were plummeting due to a perfect storm of market conditions that are projected to continue at least through the end of the decade.
Feb 28
2013
2013
Dark Days Ahead: The Financial Future of Brayton Point
Just how much financial trouble is Dominion facing at its 50-year old coal and oil-fired power plant? The prospects are bleak and looking worse. For years, people have assumed that the largest coal-fired power plant in New England could weather any storm, but the numbers show that Brayton Point is facing dark days, and the…
Feb 1
2013
2013
Who Will Clean Up PSNH’s Mess?
The massive drag on New Hampshire’s economy caused by PSNH’s continued operation of the uneconomic and obsolete Merrimack Station and Schiller Station coal-fired units—extracting hundreds of millions per year in above market costs for its shareholders—is spiraling out of control, and several recent developments at the NH Public Utilities Commission raise troubling questions about what…
Jan 31
2013
2013
Update: PSNH Death Spiral Continues
The data don’t lie. In line with the trends we’ve been warning about for years, PSNH’s coal-fired business model is in free fall: Residential and small business customers continue to flee PSNH’s dirty, increasingly expensive energy service. Over the past year the number of residential energy customers in New Hampshire who purchased energy service from…
Dec 3
2012
2012
PSNH’s Coal Plants “Win” a Dirty Dozen Award: Their Dim Future Becoming Clear
For the past 25 years, Toxics Action Center has been “awarding” New England’s worst polluters with the dubious Dirty Dozen award. This year’s winners were no surprise: PSNH, New Hampshire’s largest electric utility, was on the list once again. In this year’s annual spotlight on twelve of New England’s worst polluters, PSNH’s largely coal-firing Merrimack Station…
Sep 21
2012
2012
Winds of Change: The Promise of 3 Offshore Wind Farms in New England
This is an exciting time for clean energy in New England. Why? Because our region could have not one but three offshore wind farms constructed by 2016. Not only that, these would be the first three in the nation! The Cape Wind Project, off the coast of Cape Cod, will site 130 wind turbines between…
Apr 24
2012
2012
Join CLF at a Free Screening of The Last Mountain in Exeter, NH on May 4th
A keystone to CLF’s work to secure a clean energy future for the region is completing the transition to a coal-free New England. It is a time of historic progress: cleaner, cheaper alternatives are driving coal out of the market, and old coal plants are closing their doors. But New Hampshire remains a critical battleground…