![]() Citizens Energy and National Grid said they planned a total of $260 million in investments in the communities along the route. From there it was slated to travel 26 miles underground to Monroe, where it would join an existing above-ground right-of-way to Londonderry.Ĭitizens Energy planned to put up 10 percent of the capital for the Twin States project and use the estimated $100 million in profits it was expecting over 30 years to help communities along the route decarbonize. The transmission line was planned to cross the Quebec border into Vermont at Canaan, travel 75 miles south underground along the Connecticut River, then go underneath the river into New Hampshire near Dalton. Unlike the above-ground New England Clean Energy Connect, the Twin States transmission line was going to run mostly underground. It has encountered enormous hurdles, including passage of a law blocking the project, but is now back on track in the wake of a Maine Supreme Court decision. That project, called New England Clean Energy Connect, is being financed by Massachusetts electric ratepayers. The decision by National Grid leaves New England with only one transmission line to Quebec under construction. ![]() Even with that support, apparently not enough buyers could be found to make the Twin States project viable. The federal funding represented an upfront commitment to purchase power from the projects if buyers for all of the power could not be found. The awards, totaling $1.3 billion, came from the Bipartisan Infrastructure Law’s transmission facilitation program. The Biden administration made a financial commitment to the project last year along with two other two-way transmission line initiatives – one linking Nevada and Utah and the other linking New Mexico and Arizona.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |