Hydroelectricity, Canada’s lesser-known energy export, is helping New England states wean themselves off fossil fuels.
Maine’s approval of the project — which also faced criticism from environmental groups as it cuts through pristine Maine wilderness — comes as U.S. President Donald Trump signed two executive orders last Wednesday blunting the power of U.S. states to delay natural gas, coal and oil projects. New England consumers suffer “higher priced, lower reliability peaking supply from oil generation and foreign LNG imports, and this is actually an unbelievable irony when the Marcellus is sitting right next door to this market,” Monaco said during the call.
Vannoy said the state will need to either import more power from Quebec and other Canadian provinces or rely on new gas-fired power plans and possible liquefied natural gas imports to meet its future power demand. There is scope for these figures to jump higher as U.S. states seeks alternative sources, despite the White House’s efforts to revive coal plants and expand oil and gas pipelines.