PSNH files revisions to Berlin Station PPA


May 25, 2011
CONCORD — Public Service of New Hampshire (PSNH) filed revisions to its 20-year Power Purchase Agreement (PPA) for the proposed wood-fired Berlin Station as requested by the state Public Utilities Commission in its conditional order issued on April 18.

It met the PUC's 30-day deadline.

The PPA establishes that PSNH will purchase 100 percent of the electrical power generated at the Berlin facility at lower price than previously proposed. It also establishes a ceiling for PSNH's obligation to purchase Class I Renewable Energy Credits (RECs).

"The construction and operation of Berlin Station will create jobs - both direct and indirect - and we expect it to provide a real boost to the North Country economy," said PSNH spokesman Martin Murray in a prepared statement. "Moreover, the energy that the plant generates will help us meet the state's Renewable Portfolio Standards (RPS) and move New Hampshire closer to its goal of 25 percent renewable energy by the year 2025."

John Halle, president of Cate Street Capital, said in a brief statement on Wednesday in the corridor outside the PUC's hearing room that the PPA had been carefully crafted to meet the PUC's conditions set forth in its April order.

Halle said that the facility, designed to reuse an existing asset, would not only provide employment and boost the city's tax base but would also provide a needed market for low-grade wood in the North Country, providing work for loggers, logging contractors, foresters, and haulers, as well as ancillary service providers.

SalmonFairAd
ACHS
ACHS
UnionBankMortgages
PArkerVillager Internal Page
SalmonPressBirth
SalmonPress
Thanks for visiting SalmonPress.com