PUC report says PSNH should sell its plants and the public should pay
Electricity customers in the state just recently finished paying their share of PSNH losses from the sale of the Seabrook Nuclear Power Plant more than a decade ago, and now would acquire a new stranded cost charge for divestiture of the remaining power plants if the PUC issues such an order, and it survives possible court challenges.
The PUC report conceded that PSNH ownership of the power plants helped control energy costs for New Hampshire consumers during the bitterly cold winter, but added, "It is important to not view the issues based only on current events."
"That's being dismissive of some very serious warnings that the power grid operator is providing to regional leaders and to federal authorities as recently as yesterday," he said. "There are very serious times ahead, and the impact and the variables can't be known with certainty. There's got to be a very comprehensive and thoughtful discussion about what we ought to do to ensure that customers are protected."
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