Partners on a $1 billion project aimed at bringing Canadian hydropower to the New England power grid are trying to sort out how cost increases during lengthy litigation will be shared, in hopes of getting the stalled project moving.
A provision in a spending bill being considered Thursday by the Massachusetts House would open the door to a renegotiation of the transmission project between the developers and Massachusetts utilities. The original contract called for the project to be funded entirely by Massachusetts ratepayers; negotiations would determine how any additional costs would be shared.
“Completion of the NECEC line is important for Massachusetts customers. This project will help stabilize our electric rates, provide clean, reliable winter energy supply, and reduce the state’s emissions,” Diggin said a statement. The state of Maine lifted its stop-work order nearly two months ago but construction has not yet resumed on the project, which has had a tortured history despite being backed by sitting Republican and Democratic governors in Maine, and clearing every regulatory hurdle.
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