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BenchDr

12/22/10 11:07 AM

#82988 RE: bfontana #82987

Because as the SEC, the PPA was not an issue to be addressed. But as the PUC, it is.
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spencerforhire

12/22/10 11:21 AM

#82989 RE: bfontana #82987

If they felt the terms of the PPA were unreasonable they would vote no. I'm sure they have similar questions that the State Office of Consumer Advocate has as follows:

1.Why would PSNH want to pay so much more for electricity from Laidlaw than it could buy elsewhere?

2. Why is one key provision in the PPA that PSNH has the right of first refusal to purchase the plant, as some people think that is really their goal, while that right is currently contradictory to law?

3.Doesn't it look like there is a really significant risk that customers would be locked into making those over-market payments?

4. Does the contract cover such a long period that the commission lacks the legal authority to approve it?

5. What impact does a fuel adjustment clause have on other north country biomass facilities, particularly since it's base rate being tied to Schiller could be construed as some sort of monopoly?