Eversource will give up on Northern Pass after court defeat

FILE - In this Sept. 27, 2014 file photo, Brad and Sue Wyman paddle their 1930's Old Town Guide canoe along the Androscoggin River as leaves display their fall colors north of the White Mountains in Dummer, N.H. The New Hampshire Supreme Court on Friday, July 19, 2019 upheld a state committee's rejection of a proposal to bring a hydropower transmission line from Canada to markets in southern New England, possibly dealing a fatal blow to a plan that has raised concerns among communities and environmentalists that it would harm the region's tourism industry and hurt property values. (AP Photo/Jim Cole, File)

CONCORD, N.H. — The company behind a plan to bring hydropower from Canada to southern New England is abandoning the project after suffering a defeat in the New Hampshire Supreme Court.

In a filing Thursday to the Security and Exchange Commission, Eversource concluded Northern Pass was "no longer probable" after the court last week affirmed a state committee's decision to reject the proposal. The company had spent $318 million on it and will write off $200 million after taxes.

The company, which wanted to build a 192-mile (310-kilometer) transmission line across New Hampshire, argued that the $1.6 billion project would bring clean energy to the region and help the economy. It was undone by opponents, who accused the company of ignoring their concerns that the project would damage state's tourism economy and destroy rural communities.

Must Read

Prosecutor: Russian man's computer linked to...

Aug 16, 2016

A federal prosecutor told the jury during opening statements on Monday that when federal agents...

Google's Duo app joins crowded field of video...

Aug 16, 2016

Google releases video calling app Duo in challenge to other popular services run by Apple,...

Ford to invest $75M in autonomous vehicle sensor...

Aug 16, 2016

Ford and Chinese search engine company Baidu will invest $75 million each in Velodyne, a company...

Ford says it will have a fully autonomous car by...

Aug 17, 2016

Ford Motor Co. intends to have a fully driverless vehicle _ no steering wheel, no pedals _ on the...

Wal-Mart raises annual profit outlook, reports...

Aug 18, 2016

Wal-Mart is raising its annual profit outlook after reporting strong quarterly sales and profit

About Us

Started in 2015, Science Of The World offers in-depth news about the latest scientific discoveries. If you’re looking for a reliable source, Science Of The World is the one for you.

Contact us: sales[at]scienceoftheworld.com

Subscribe Now!