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PUC approves Eversource's plan to sell 9 hydroelectric plants

December 02. 2017 11:45PM
Merrimack Station in Bow is among the plants to be sold. (Courtesy)

CONCORD - The state Public Utilities Commission this week announced it has approved Eversource's plan to sell nine hydroelectric-generating facilities.

Eversource sold the hydro assets to HSE Hydro NH AC LLC for $83.3 million.

The hydro locations are in Manchester, Bristol, West Stewartstown, Franklin, Bow, Gorham, Hooksett, Hillsborough and Berlin. They can be found on the Connecticut, Pemigewasset, Androscoggin and Merrimack rivers.

The PUC also last week issued an order approving the sale of three large fossil-generation plants and two combustion turbines for $175 million.

The two deals are part of a two-decade push to deregulate the state's electricity market.

Eversource spokeswoman Kaitlyn Woods said the company expects "significant savings overall for our customers," because rates going forward will not include ongoing costs of owning and operating the power generation plants.

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