Blogs > Power to the People

A common sense look at energy issues in the state of Connecticut and how they affect the state's residents

Friday, October 14, 2016

Cost Projections For Winter Home Heating Season Provide Cold Comfort

 If you haven't had to fire up your furnace yet,  the latest data from the the U.S Energy Information Administration may make you think twice about turning up the thermostat.
The EIA is projecting that most U.S. household s can expect to pay more for natural gas, oil, propane and electric heating this winter than they did last winter

Agency officials say warmer-than normal temperatures reduced heating demand to its lowest level in 25 years last winter.
Pete Gioia
 Although home heating prices are going to be more expensive this winter, the projection needs to be viewed in context. Expenditures this  winter are expected to be comparable to or lower than the average winters from 2010–11 through 2014–15, according to the EIA.

And what does that translate to in actual dollars and cents for Connecticut families?

 Pete Gioia, vice president and economist with the Connecticut Business & Industry Association says  he expects the average family will spend about $1,000 less for heating during the next five months.

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Thursday, August 11, 2016

It's A Bird, It's A Plane....It's Eversource Energy

Crews from Eversource Energy will spend next week inspecting transmission lines across the state from the air.

Infrared Camera Used For Power Line Inspection
The work involves the use of low flying helicopters equipped with high-resolution cameras. The cameras can detect potential equipment failures before they occur.

Transmission lines are located as high as 100 feet in the air and the view from a helicopter offers the utility's engineers a close look at potential problems.
 “Over a million customers in Connecticut depend on us every day for reliable electric service,” said Craig Hallstrom, Regional Electric Operations President at Eversource. “These helicopter inspections of our transmission lines are a crucial part of our commitment to reducing the frequency and duration of power outages.”

Eversource’s aerial inspections are scheduled to begin Monday in the Wallingford/Southington area. The helicopters will then head north and east to Windham County

By mid-week, the transmission line inspectors will have moved on to Tolland and New London counties. By the end of the week, the work will have moved on to  Middlesex and Litchfield counties.

The inspection will take place between the hours of 7:00 a.m. and 5:00 p.m.each day.

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Saturday, June 25, 2016

Eversource Adds New Executive Management Team Position

The president of  electric operations for Eversource Energy is expanding his duties for the utility company.

Craig Hallstrom's new title is regional electric operations president for Connecticut and Massachusetts. Hallstrom will split his time between the two states, said Tricia Taskey-Modifica, a company spokesman.

The position that Hallstrom is filling is a new one, Modifica said. She did not elaborate on why the company felt compelled to create the new position. 

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Monday, November 2, 2015

Big Day For Connecticut's Utility Business

Monday is an important day for Connecticut's biggest utility companies, with both Eversoure Energy and UIL Holdings releasing third quarter earnings reports.

Both companies will release their earnings data after U,S, financial markets have closed. It will be especially interesting to see UIL's financial data, since this could be one the last times the company reports as an independent entity.

Connecticut utility regulators are reviewing UIL's proposed merger with Iberdrola, the Spanish energy giant, with a decision expected by the end of the year. If the deal is approved, UIL would become part of Iberdrola USA, which includes utilities in New York State and Maine.

Eversource Energy's stock trades under the ticker symbol ES while the New Haven-based company's shares are under symbol UIL. Both stocks trade on the New York Stock Exchange.

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Monday, August 17, 2015

Eversource Energy Schedules Hastily Called Press Conference About Northern Pass

Hartford-based Eversource Energy has called a 10 a.m. press conference on Tuesday  in Pittsfield, New Hampshire for what it is says is an "updated" route for the Northern Pass transmission line project it has proposed to bring hydroelectric power down from Quebec.

In a media advisory sent out at 3 p.m. Monday, just 19 hours before the event will be held, Eversource said it will "announce a new balanced plan with an improved route that preserves New Hampshire's most treasured scenic areas."  The advisory also says the company will "unveil a comprehensive plan that ensures the Granite State receives significant, enhanced and unique benefits."

It will be interesting to see what changes Eversource is proposing. One of the major concerns about the project is the impact that the 187-mile transmission line will have on New Hampshire's environment. A draft report issued last month by the federal Energy Department concluded that the transmission project will have a negative effect on tourism, wildlife and prop­erty values in New Hamp­shire, but that  it would cost less than other alternatives.

The current plan for the project calls for only eight miles of transmission line to be buried underground. None of that would be done the White Mountain National Forest, one of New Hampshire's scenic treasures

 The Department of Energy report says burying additional amounts of line is “practical and technically feasible,” but only if a lower power transmission cable is used.

The report says the line could be buried over greater distances if a 1,000 megawatt line was used instead of the 1,200 megawatt transmission that is currently being proposed. But doing so would reduce the amount of electricity that could carried by the project.

Eversource's media advisory says the "new route addresses many of the concerns voiced to the project over the years, as well as the conclusions of the U.S. Department of Energy's draft Environmental Impact Statement."

To borrow a line from Lewis Carroll, the author of "Alices's Adventures in Wonderland & Through the Looking Glass," the Northern Pass project just gets "curiouser and curiouser."

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Sunday, July 5, 2015

UIL Holdings Stock Dips

Think that last week's announcement that Connecticut utility regulators were tentatively rejecting the UIL Holdings' $3 billion deal with Spanish energy giants Iberdrola didn't hurt the New Haven-based company?

The performance of  UIL's stock price stock price suggests that it did.

Over the past week, UIL Holdings stock price fell $3.11 or  6.4 per percent from Monday's high of $48.45 to $45.34 at the close of trading on Thursday during a holiday-shortened trading week. The announcement of the decision by Connecticut's Public Utilities Regulatory Authority regarding the proposed  UIL-Iberdrola merger came Tuesday afternoon.

The stock hit a low for the week of $44.16 early Thursday before adding $1.18 over the remainder of that afternoon.

UIL Holdings is the parent company of The United Illuminating Co., which is an electric distribution company, as well as Southern Connecticut Gas, Connecticut Natural Gas and Berkshire Gas, which serves customers in western Massachusetts. The company's stock trades under the ticker symbol UIL on the New York Stock Exchange.

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Wednesday, June 17, 2015

Eversource Energy Eager To Start On Northern Pass

Think the folks at Eversource Energy's  aren't chomping at the bit to get work started on their Northern Pass transmission line project that will bring more hydro power from Canada into the New England electricity market?

The company announced on Tuesday that  has reached an agreement with the International Brotherhood of Electrical Workers. It has already hired 15 apprentice electrical workers as part of its arrangement with the IBEW, according to New Hampshire Public Radio.

The only problem is that Hartford, Ct.-based Eversource still has a number of federal and state approvals that must be approved before any construction can begin.

There's nothing wrong or illegal with what Eversource is doing. To some extent, the partnership with the IBEW and the hiring of apprentice line workers is just good planning.

And since the 187 mile project will come straight down the state's middle from north to south, Granite State workers deserve first crack at the work.

The transmission project would bring 1,200 megawatts of hydropower from Quebec into southern New Hampshire, where the line would be linked up with the regional power grid. A small portion of the transmission line’s route, about eight or nine miles, goes through the heart of the White Mountain National Forest.

But it is another example that the company is prepared to go to great lengths to get the project approved.

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