Eversource 2014 Annual Report Download - page 5
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60 percent, of our New Hampshire customers.
That record-setting restoration rate would not
have occurred without our shared commitment
to adopting common practices that benefit the
customer—during storms, on blue sky days,
and in all other aspects of our business.
We also take seriously our role in the regional
energy marketplace as an active, committed
advocate for our customers. There has been a
clear regional shift to natural gas as the fuel of
choice for heating and power production.
Unfortunately, no substantial pipeline capacity
has been built into New England from
domestic supply regions since the 1990s,
while gas demand continues to grow and
non-gas fired generation capacity in our
region continues to retire. About 1,400
megawatts came off line in 2014 alone, and
more than 1,500 additional megawatts of
non-gas fired generation are slated to retire in
2017, further stripping the region of electric
generation capacity and diversity.
When the New England electric market
reached a crisis point during the bitterly cold
winter of 2013-2014, these weaknesses in
our marketplace were exposed and costs
skyrocketed. Roughly 8,000 to 10,000
megawatts at more than a dozen of our
region’s most efficient power plants sat idle
without gas supply because the pipeline
capacity simply was not there. This is not a
one-time problem, but an issue we will
continue to face until it is addressed.
As New England’s leading utility, we have an
obligation to develop innovative and meaningful
solutions to these challenges. That is why we
have forged an important partnership with
Spectra Energy and National Grid on a new and
unique project, Access Northeast, which will
meet New England’s current challenges head
on. Through Access Northeast, Spectra will
upgrade its existing natural gas transmission
pipelines in New England and expand gas
capacity to our region by more than one billion
cubic feet per day. This will help meet regional
demands for additional natural gas for heating,
while reducing costs for electricity customers
throughout New England.
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