What does this mean?
The Vermont Public Service Board recently approved a contract for Vermont utilities to buy power from Hydro-Québec for 20 years. The new contract will supply about 20% of Vermont’s power needs, bringing 225 MW of power into Vermont to replace an expiring contract for 310 MW. The starting price for the power is about $58.07 per MWh and will be adjusted annually based on regional electricity prices. Vermont regulators found the agreement provides Vermont financial benefits by locking in a stable price that is lower than many other sources of electricity. Contracts such as this represent only the tip of the iceberg for power imports from Québec, as Hydro-Québec partners to build transmission lines through New York and New Hampshire.
1 comment:
Strange indeed! So what does it mean, I wonder would anyone from Nalcor be up front enough to educate us on what problems this could cause for our province, or will Nalcor be selling the energy to Emera so that Emera can sell the energy to Hydro Quebec for resale in the United States.
I want an answer on this information that has been put forth in the article Sue quoted, I hope all Newfoundlanders and Labradorians want the answer, as well.
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