Posted on November 20th, 2012 by

More than 20 Miles of Project’s Corridor Secured in Deal with Wagner Forest Management

The Coös County Democrat is reporting today that the project has finalized a lease agreement with Wagner Forest Management related to the project’s ongoing efforts to secure a new route.

We can confirm the accuracy of this report and that the project has finalized a major land agreement with Wagner as part of its efforts to optimize route options through northern New Hampshire. This agreement can support more than 20 miles of the project’s corridor through the eastern portion of northern Coös County.

PSNH President and Chief Operating Officer Gary Long offered the following comment on the agreement:

“Over the past year, we’ve made steady progress in securing the land needed for a new route by working with willing landowners. Finalizing this agreement is a huge step for the project and brings us closer to our goal of delivering clean, low-cost hydropower to the region’s energy grid while providing New Hampshire with hundreds of new jobs and millions in new tax revenue. This project not only brings significant economic benefits to our state, but will also have a tremendous environmental impact as well by removing 5 million tons of carbon from our atmosphere. I’d like to thank Wagner Forest Management for their willingness to help move this incredible project for our state and region forward, while still preserving this property for sustainable forestry.”

Wagner Forest Management, based in Lyme, NH is a forest management and investment organization that manages 2.7 million acres of forest in northeastern United States and eastern Canada. Wagner President and Chief Executive Officer Thomas Colgan commented:

“We are pleased this agreement will help bring a major new source of clean, renewable energy into New England in a way that complements our core forest management business.”

With 140 miles of existing PSNH right-of-way already identified for use by the project, Northern Pass has been focused on securing land north of Groveton, NH to the Canadian border for the remaining 40 miles of the project. Following the completion of land or easement acquisition, Northern Pass will expand and intensify its community outreach efforts and file an amended Presidential Permit application with the Department of Energy. Before beginning construction, Northern Pass must complete a rigorous federal and state permitting process, including approvals from the Department of Energy, U.S. Forest Service, and New Hampshire Site Evaluation Committee.

Posted on November 20th, 2012 by

Posted In: Updates

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