Eversource 2004 Annual Report Download - page 13

Download and view the complete annual report

Please find page 13 of the 2004 Eversource annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 92

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92

11 NORTHEAST UTILITIES 2004 ANNUAL REPORT11
Atop Schiller Station, Marc Lefebvre (left), station electrician,
and Jeff Edwards, station electrical working foreman, review
specifications for the Northern Wood Power Project conversion
from coal to a state-of-the-art boiler that burns wood chips.
j
At Northeast Utilities, our look to the future reflects a broad, inclusive
perspective on new initiatives. We choose investments and projects
that deliver substantial benefit to a wide variety of audiences including
customers, local businesses, municipalities and the environment.
In 2004, Yankee Gas received regulatory approval to move ahead with
construction of a $108 million liquefied natural gas (LNG) storage and
production facility in Waterbury, Connecticut — the largest construction
project in the company’s history. Site preparation work was well under
way during 2004, paving the way for construction of the facility to begin
in early2005. The new plant will give Yankee the flexibility to buy natural
gas in periods of low demand, store it as a liquid and use it to meet
customer needs during peak demand periods. This long-term energy
solution will keep prices stable for customers and benefits Waterbury
by providing additional significant tax revenue to support the city’s
economic recovery and vitality. The plant is expected to be in service
for the 2007/2008 heating season.
Offering both significant environmental advantages and a $20 million
boost to New Hampshire’s wood industry and economy, PSNH is
investing $75 million to replace a coal-fired boiler with a state-of-the-art
50 MW boiler toburn wood at Schiller Station in Portsmouth. The
Northern Wood Power Project will allow PSNH to economically produce
cleaner electric energy from renewable resources — wood chips and
other clean, low-grade wood materials. The project is one of the
largest renewable energy projects in the country, with completion
expected in late 2006.
Building
VALUABLE NEW FACILITIES
Staff engineer Eric Anderson (right) reviews plans to retire the
north propane tank farm in Waterbury, Connecticut, with
pressure management mechanic George Lynch. Retiring the
propane plant is a requirement for Yankee Gas’ LNG project.
f