August 19, 2008
The Aug. 13 editorial on the costs of the Bow power plant upgrade states the costs have doubled to install scrubbers.
Gee, hasn't the cost of everything doubled in the last few years? On the other hand, a new coal-fired plant producing the same amount of energy would cost several billion dollars, but PSNH is not allowed to build new power plants. If the plant is eliminated, then energy needs will have to be filled on the spot market at a much higher price than PSNH would charge.
Next the writer mentions natural gas. Several natural gas plants have gone belly up due to the high cost of natural gas. They've been taken over by groups that only run them intermittently and will sell electricity at a guaranteed minimum rate but not blocked from charging the max they can get. This is the cost of the deregulated power market.
Originally published by For the Monitor.
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