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Eversource to ask New Hampshire to reconsider Northern Pass rejection [Seeking Alpha]

AVANGRID INC (AGR)  More Company Research Source: Seeking Alpha
Last avangrid inc earnings: 7/24 07:00 am Check Earnings Report
PDF Eversource to ask New Hampshire to reconsider Northern Pass rejectionEversource Energy (ES-0.1%) asks New Hampshire regulators toreconsider a decision denying its application for the proposed Northern Pass hydropower transmission line, saying money from its economic development fund can answer concerns about effects on property values.ES wants the state's Site Evaluation Committee vacate itsdecision and resume deliberations on the proposed project, and says Northern Pass would take part of the $200M payment it has promised as a New Hampshire development fund and use $25M to address any property value decline in communities, which was a concern cited by the committee in its ruling.Separately, the Federal Energy Regulatory Commission says its inquiry has revealedno capacity withholding by gas utilities on the Algonquin pipeline, after the Environmental Defense Fund accused ES and Avangrid (AGR) of artificially constraining pipeline capacity for years, adding $3B-plus to area electricity [Read more]

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