Eversource 2008 Annual Report Download - page 13

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In 2008, we also completed our $1.6 billion
transmission investment in southwest Connecticut,
concluding with the Middletown-Norwalk project,
one year ahead of schedule and $100 million
below budget.
The southwest Connecticut transmission projects
are providing Connecticut with a more robust
and reliable electric grid. Additionally, they have
significantly mitigated congestion in a state whose
electric customers had been paying in excess of
about $150 million annually in congestion costs, due
to bottlenecks within Connecticut. Our transmission
construction experience and track record of success
will help us as we move on to siting of our proposed
New England East-West Solution (NEEWS) projects.
Along with National Grid USA, Inc., we are
advancing these related projects, which will
improve reliability and provide a strong
transmission backbone for moving power
throughout southern New England. The NEEWS
projects will also better enable our region to gain
access to renewable power generation.
On the natural gas side of our business, sales at
our subsidiary, Yankee Gas, grew by 2.1 percent in
2008, driven by increased installation of distributed
generation and conversions of oil furnaces to
natural gas as the fuel of choice. We increased
conversions by some 400 percent in our service
territory last year, significantly lowering the carbon
footprint of these homes and businesses. Our job at NU is to
ensure that our customers
have the power that they
need when they need it.
“The NEEWS projects will also better enable our region to gain
access to renewable power generation.”
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