restructuring

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“No supportable basis for optimism” and “ever higher costs”: PUC Staff calls out PSNH’s failed business model
by Caitlin Peale Sloan

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…

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How New Hampshire Can Stay Above Water with PSNH’s Dirty Coal Plants Sinking Fast
by Christophe Courchesne

Earlier this week, the Concord Monitor published a must-read editorial addressing PSNH’s future. Much like an earlier widely-printed op-ed on the subject, the editorial correctly describes the PSNH death spiral of escalating costs, fleeing customers, and dirty inefficient power plants kept alive by massive ratepayer subsidies. The editorial also points out one key reason why…

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Who Will Clean Up PSNH’s Mess?
by Caitlin Peale Sloan

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…

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Update: PSNH Death Spiral Continues
by Caitlin Peale Sloan

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…

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This Holiday, New Hampshire Will Buy a $128 Million Lump of Coal
by Christophe Courchesne

Today, the New Hampshire Public Utilities Commission takes up PSNH’s request to charge its customers 9.54 cents per kilowatt hour for electric energy service in 2013. In a op-ed published this week, long-time CLF friends Ken Colburn and Rick Russman explain why New Hampshire’s crisis of escalating PSNH rates – and how New Hampshire policymakers…

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PSNH’s Coal Plants “Win” a Dirty Dozen Award: Their Dim Future Becoming Clear
by Caitlin Peale Sloan

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…

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New Data: PSNH’s Coal-Fired Business Model in Free Fall
by Christophe Courchesne

It’s not news that New Hampshire’s ratepayers are paying too much money to support PSNH’s ancient, massively inefficient, and heavily polluting coal-fired power plants. CLF has repeatedly called out PSNH’s calamitous insistence on continuing to operate coal-fired units at Merrimack Station in Bow and Schiller Station in Portsmouth and the resulting exorbitant electric rates that PSNH…

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PSNH Ratepayers Get Cleaner, Cheaper Power Choices
by Christophe Courchesne

Most customers of Public Service Company of New Hampshire get one of the worst electricity deals in New England. Their ratepayer dollars subsidize the operation of PSNH’s outdated, inefficient coal-fired power plants; they live with the public health impacts of air pollution from PSNH plants; they have seen (and will see) their rates rise thanks…

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PSNH: Bad Planning and Old Power Plants Taking Their Toll on New Hampshire
by N. Jonathan Peress

As the nation continues to move beyond coal as a fuel for electricity generation, PSNH continues to cling to its obsolete, uneconomic coal plants that need massive subsidies from ratepayers to operate. Conservation Law Foundation recently filed a brief with the New Hampshire Public Utilities Commission that blows the whistle on PSNH’s failure to meet…