Gatsas Calls on Governor Hassan to Demand Transparency in Eversource Hydro-Quebec Deal

Gatsas Calls on Governor Hassan to Demand Transparency in Eversource Hydro-Quebec Deal

MANCHESTER, NH – – Last week Eversource and Hydro-Quebec filed a Power Purchase Agreement (PPA) with the Public Utilities Commission (PUC). This PPA is a 20-year contract that states New Hampshire ratepayers will receive 10% of the power generated by Northern Pass for half the life of the proposed PPA.

According to a June 28th article published in the New Hampshire Union Leader when the PPA was filed with the Public Utilities Commission Eversource redacted all financial information claiming the financial details are “business competitive” and that only regulators at the PUC would be privy to such financial information.

Today the New Hampshire Union Leader reports that Consumer Advocate Don Kreis wants the details of the deal unsealed and does not believe that the PPA guarantees “beneficial pricing” for New Hampshire ratepayers.

Republican gubernatorial candidate and Manchester Mayor Ted Gatsas made the following statement:

“I have long questioned the environmental impacts of Northern Pass and the financial benefits to New Hampshire ratepayers, and we continue to receive vague non-specific answers from the financial beneficiaries of the project. The power purchase agreement filed with the PUC generates more questions than answers and it appears that Eversource and Hydro-Quebec are trying to spin headlines to fool New Hampshire citizens and businesses.

“There continues to be zero transparency when it comes to the financial benefits of Northern Pass and the Consumer Advocate is right to demand that the details be unsealed. I call on Governor Hassan to join with the Consumer Advocate in demanding transparency and holding both Eversource and Hydro-Quebec accountable for their statements.”

-30-