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[timdoh2002]

LLEG 1.3 Billion dollar contract w state of NH

http://www.berlindailysun.com/

PUC grants Laidlaw conditional approval on PPA
By Barbara Tetreault
Apr 19, 2011 12:00 am


CONCORD – The N.H. Public Utilities Commission late yesterday afternoon issued granted conditional approval to a proposed purchase power agreement between Public Service of N.H. and Laidlaw Berlin BioPower/Berlin Station.

The PUC said it found the agreement as filed not in the public’s interest. It noted the PPA could cost as much at $2 billion over its 20 year term.

But the agency said it “would, however, approve a modified PPA complying with certain conditions that mitigate risk to PSNH’s default service customers and reduce total payments to approximately $1.3 billion over the term of the PPA”.