Northern Pass has reached an important settlement agreement with the NH Public Utilities Commission (NHPUC) staff in the proceeding to authorize the project to operate as a public utility in the state. The agreement is subject to final approval by the NHPUC, and contingent upon the project receiving all necessary state and federal permits.
“We are pleased to have achieved this settlement that establishes the framework for the safe operation and maintenance of Northern Pass under New Hampshire regulations,” said Bill Quinlan of Eversource. “The agreement is another step toward Northern Pass providing substantial clean energy and economic benefits to New Hampshire and the region.”
Under the settlement, the parties agree that Northern Pass has the technical, managerial and financial expertise to operate as a public utility once the project is fully permitted, and that it is in the public good to do so. Accordingly, once in service, Northern Pass operations will be subject to the jurisdiction of the NHPUC, consistent with how other transmission owners operate in New Hampshire.
As part of the agreement, Northern Pass commits that the project will provide $20 million ($2 million a year for 10 years) for programs or initiatives approved by the NHPUC that advance clean energy innovation, community betterment and economic development in the state of New Hampshire, including energy efficiency programs. Northern Pass intends to allocate such funds from its Forward NH Fund.
The settlement agreement filed with the NHPUC can be found here.