Eversource Completes Sale of New Hampshire Fossil Plants, Triggering Start Date For Competitively Procured Default Service

Eversource announced that it has completed the previously reported sale of its New Hampshire fossil fuel powered generation facilities to Granite Shore Power LLC.

Under a recent PUC order, Eversource (Public Service of New Hampshire, or PSNH) shall transition to the competitively sourced default service mechanism beginning April 1, 2018, or within approximately 90 days following the closing of the sale of Eversource’s thermal generation assets.

See our prior story for a full discussion of how default service will be procured at PSNH under the new mechanism

"Today marks a milestone in the deregulation of the electric utility industry in the Granite State," noted Eversource NH President Bill Quinlan. "We will soon close on the related sale of our hydroelectric facilities and join other New England utilities by obtaining the energy we need to serve our customers from the competitive regional energy market."

Granite Shore Power LLC is a joint venture of Castleton Commodities International LLC (CCI) and Atlas Holdings LLC

The fossil assets sold by PSNH total 1,130 MW (nameplate capacity) and include:

• Merrimack Station, Bow; Coal/oil; 502.0 total MW

• Newington Station, Newington; Oil and/or natural gas; 416.0 MW

• Schiller Station, Portsmouth; Coal/oil/biomass; 171.7 total MW

• Lost Nation, Groveton; Oil; 18.0 MW

• White Lake, Tamworth; Jet fuel; 22.4 MW