Northern Pass to pay Eversource $460k per year for rights-of-wayBy MICHAEL COUSINEAU
New Hampshire Union Leader
November 03. 2017 11:55PM
MANCHESTER — Northern Pass Transmission LLC will pay Eversource about $460,000 a year to lease rights-of-way along the 192-mile route.
The payments will be used to offset Eversource’s transmission costs.
Northern Pass also will contribute another $15 million over 40 years, to be paid in yearly installments. Those funds will be under the control and direction of the state Public Utilities Commission for programs, projects or other purposes that provide benefits to New Hampshire distribution customers, according to Eversource. These programs may include investments in distributed generation, energy storage, electric vehicles, demand response or other initiatives.
The proposed $1.6 billion project, which runs through more than 30 communities, needs several state and federal approvals before it can start operating by late 2020. The route runs from Pittsburg to Deerfield and includes 60 miles of buried lines. The Site Evaluation Committee said it hopes to issue a verbal decision by late February and a written one by late March.
A settlement was reached on the leasing issue with the staff of the New Hampshire Public Utilities Commission, the New Hampshire Office of the Consumer Advocate, Eversource and Northern Pass Transmission LLC.
The settlement agreement, which still needs PUC approval, comes after an April PUC order that said Eversource had shown that it had the right to lease the use of its existing rights-of-way to Northern Pass.