State panel says PSNH should drop power plants

Published April 3, 2014 7:46pm ET



CONCORD, N.H. (AP) — A recommendation that New Hampshire’s largest utility get rid of its power plants and pass the costs to all its ratepayers was met with skepticism this week by an advocate for consumers who worries the region’s volatile and pricey energy market makes it a bad time to take generators offline.

Staff of the Public Utilities Commission said an analysis shows that in the long term, customers of Public Service Company of New Hampshire would be better off if the company divested itself of its three fossil fuel plants and nine hydroelectric generators. The report issued this week says ultimately, PSNH will be charging more for power than its competitors and passing the higher rates on to a shrinking number of customers who buy their power from PSNH as people look for cheaper options.

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