|
|
|
|
|
PSNH: Compelling Divestiture of Utility-Owned Plants May Allow Purchaser to Withhold Such Generation from Capacity Market
Public Service Company of New Hampshire raised the specter of a purchaser of its generating plants, should the PUC compel a divestiture, using the purchase to remove the PSNH plants from the ISO New England capacity market to drive up prices, citing the recent controversy over the removal of the Brayton Point plant from the market.
In a brief addressing certain threshold issues in an investigation of PSNH's continued ownership of generation, PSNH said that, "Divesting PSNH's generation assets at any price -- even one in excess of book value -- which could result in capacity deficiencies leading to curtailments in the supply of a necessity service, cannot be condoned," PSNH said.
"PSNH notes that such a situation arose recently in the sale of the Brayton Point generating station, where a new owner found it beneficial to retire the plant because such retirement resulted in increased capacity revenues for existing generation within the owner's portfolio," PSNH said.
"Therefore, the Commission's analysis should include uninterrupted and reliable provision of electricity within the 'economic interest' of customers that is the scope of this proceeding. Unless and until the region's generation capacity issues have been resolved, any divestiture must protect customers by requiring that no generation that uses fuels other than natural gas be retired," PSNH said.
ADVERTISEMENT Copyright 2010-14 Energy Choice Matters. If you wish to share this story, please
email or post the website link; unauthorized copying, retransmission, or republication
prohibited.
December 9, 2014
Email This Story
Copyright 2010-14 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Business Development Director
• NEW! -- Scheduling/Business Analyst -- Retail Provider
• NEW! -- Staff Accountant -- Retail Provider -- Houston
• NEW! -- Regional Sales Manager -- Retail Provider -- PA/IL/New England/Texas
• NEW! -- Sr. Pricing Analyst -- Retail Provider -- Houston
• NEW! -- Senior Energy Markets Pricing Analyst
• NEW! -- Energy Markets Analyst
• NEW! -- Utility Rules Analyst -- Retail Supplier
• NEW! -- Compliance Analyst -- Retail Supplier
• NEW! -- Manager Government and Regulatory Affairs - Texas -- Competitive Supplier
• NEW! -- Account Manager -- Retail Supplier -- New York
• NEW! -- Natural Gas Sales/Operations
• Business Development Director
|
|
|
|