Massachusetts' Baker-Polito Administration announced that the Northern Pass Hydro (NPT Hydro) bid was selected to move forward to contract negotiations with the Commonwealth’s Electric Distribution Companies as a part of a long-term energy procurement authorized by An Act Relative to Energy Diversity signed by Governor Baker.

NPT Hydro would deliver approximately 9,450,000 megawatt hours (MWh) of energy per year under the contract

Under the statutory construct which called for the procurement of long-term energy, EDCs have discretion to use any products for default service, or sell such products into the wholesale market.

The 9,450,000 MWhs per year represents approximately 17 percent of Massachusetts’s total annual electric load.

The Northern Pass Hydro bid is a joint effort from Eversource (which is building a transmission line) and Hydro-Québec which is providing hydro power

The final acceptance of the bid and award of contract is conditional upon successful contract negotiations between the parties and the regulatory approval at the Massachusetts Department of Public Utilities (DPU). At the time of contract filing with the DPU, a public report will be provided by the soliciting parties that detail the evaluation process. Separately, the Independent Evaluator will prepare a detailed public report on the evaluation process and outcome, and whether the evaluation was conducted in a fair and nondiscriminatory manner.

If the bid selected to advance to contract negotiation at this stage does not successfully negotiate contracts, it may result in other bid(s) being selected to advance to contract negotiations. Final project selection as a result of successful contract negotiation will be made public following submittal for regulatory approval anticipated to be by April 25, 2018.

Tags:
Massachusetts   Default Service   Long-term contracts  

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