Gas-fired facilities up for sale

CONCORD, NH – …Both plants took a financial beating when the price of natural gas spiked two- and three-fold soon after they went on line. A wave of similar gas-fired projects drove up the price of their fuel and caused a short-term 8,000-megawatt oversupply of power in New England. But no new projects have come on line in the last several years, and ISO-New England power grid is projecting a 4,300-megawatt shortage by 2015.

To prevent future rolling brownouts, the regulatory agency has launched an incentive program called the forward capacity market to spur construction of another nine power plants about the size of Newington and keep the existing one from going out of business.

Golden Dome News (New Hampshire)