As we wrap ourselves in the warmth of friends, family, and the holiday spirit, here are some Northern Pass facts and figures all boxed up for you to share. Merry Christmas, Happy New Year, and here’s to a bright future!
1. REGIONAL ENERGY NEED: December was an unusually cold month and we saw just how much we need more fuel diversity in our mix. Natural gas (the source of more than 50% of our electricity) was only available in limited supply, coal and nuclear plants ran at more than 100% capacity, and wholesale electricity prices forced some manufacturers to scale back production or close for a few days. The Northern Pass’ 1,200 megawatts of clean, renewable hydropower will lessen our reliance on natural gas and help add stability to these wild market conditions.
2. AN IMPROVED PLAN: The new route unveiled in June places more than 80% of the Northern Pass transmission lines either underground or along existing rights of way that already – and have for decades, host power lines. The new route also takes a more remote path in the North Country, impacting 83% fewer properties, and uses shorter structures than the originally proposed route.
3. A FRIEND OF THE ENVIRONMENT: Hydropower is among the lowers emitters of CO2 of any power source and will reduce our dependence on dirtier fossil fuels. In fact, the Northern Pass’ 1,200 megawatts of hydropower will lessen carbon emissions by up to 5 million tons a year. That’s like wiping out the emissions from 900,000 cars!
4. NO COST TO YOU: While the power supplied by Northern Pass will help reduce wholesale energy prices by as much as $25-$30 million dollars a year, the project won’t cost customers anything. The details are laid out in a federally-approved “Transmission Service Agreement.” Northern Pass is the only project in the region, either proposed or in the works, with this kind of agreement.
5. BENEFITS TO NH: In addition to enough reliable, clean, low-cost electricity to power a million homes, Northern Pass will bring a number of economic benefits exclusively to New Hampshire. The state will benefit from the creation of 1,200 new jobs over the construction period, a Jobs Creation Fund to help Coos County far in to the future, and an estimated $1.1billion in local, county, and state tax revenues over the life of the of the project.