You can’t ignore State law. State law requires that PSNH offer the same deal to CPD as it did to Laidlaw. Remember Laidlaw’s deal with PSNH is only a MOU and must still get PUC approval. If they don’t offer CPD the same deal then Laidlaw has no deal with PSNH. Which I would guess won’t be helpful with their financing. If they do offer CPD the same deal that will only help CP with their financing. And since they have all their permits, it will not take them long to break ground IMO. On the other hand Laidlaw has many other obstacles that will prevent them from filing for a permit IMO.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.