AP: Vt. utility to buy power from NH’s Seabrook

May 24, 2011 No Comments by

Reposted here from Boston.com.

SOUTH BURLINGTON, Vt.—Vermont’s second-largest electric utility has reached a tentative deal to buy power from the Seabrook nuclear power plant in New Hampshire for 23 years, officials from Green Mountain Power announced Tuesday.


If approved by state regulators, the fixed-price contract would start in 2012 at a price of 4.66 cents per kilowatt hour. Beginning in 2015, it would be for 60 megawatts of power, decreasing to 40 megawatts by the end of the deal.


“With this agreement, along with the recently approved Hydro Quebec contract and plans to build Kingdom Community Wind in Lowell, Green Mountain Power has delivered on the major components of its vision to provide reliable, low cost and low carbon resources,” said GMP President Mary Powell.


The 1,245-megawatt Seabrook nuclear plant, which has been in operation since 1990, is owned by NextEra Energy Resources LLC.


“We anticipate that this is the first step in a long-term partnership with Green Mountain Power and the people of Vermont,” Said NextEra President Mitch Davidson, “We look forward to discussing new opportunities to partner with Vermont utilities, in particular in regards to promoting and developing renewable energy.”


Liz Miller, the commissioner of the Vermont Department of Public Service, said it looked like a good deal for the state’s electric customers.


“GMP has struck a deal for a price that looks good for its own customers and for the customers of other Vermont utilities that decide to participate,” Miller said. “Keeping costs down for Vermonters is great for the state’s economic development.”


Others weren’t as enthused.


Vermont Public Interest Research Group denounced the deal, calling nuclear energy “dirty and unreliable power.”


Powell said GMP would file its proposal with the state Public Service Board next month.


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