Hard to believe it’s already August. While we enjoy these “dog days” of summer, we know the crisp nights of autumn aren’t that far away and, soon after, another winter.
Last winter’s energy roller coaster – with short supply of fuel and out of control price spikes – drove seasonal wholesale energy costs $3 billion higher than the year before. These price spikes have made an impact on our economy. One local company made a major business decision last week to avoid the tumultuous energy market while another is still trying to recover from last year.
By the end of 2014, New England will have lost two major power plants that were online during that polar crunch (Salem Harbor and Vermont Yankee) and not one new watt of power will have come on line to help.
The frigid fact is New England’s energy crisis demands large scale solutions that take time to develop. While there is significant debate about the best way to solve our problems, one thing is clear: failure to find agreement and move forward with sensible projects has the potential to leave us in the dark.
New pipeline for natural gas could ease New England’s capacity shortage
(Portland Press Herald)
Waste Management to sell Hampton-based Wheelabrator
(Bloomberg via Union Leader)
GPT’s ownership Patriarch Partners studies adjusted business plan
(Coös County Democrat and Berlin Reporter)
Demolition of Salem Harbor Station begins
Yankee’s last day reported as Dec. 29
Holyoke Gas and Electric Manager James Lavelle said region needs more natural gas capacity
Protesters voice unease over pipeline