A spokesman for the company said this winter, when frigid temperatures pushed energy prices to historic highs, is a good example of why more — not fewer — power plants are needed.
“We see the existence of these power plants in terms of value and benefit to New Hampshire is more stark than ever,” said Martin Murray. “And what people really need to keep their eye on is that tougher times are ahead.”
Murray calls the company’s 12 power plants an insurance policy against wild price spikes and said divestment would only take away the insurance but still leave consumers paying for them.
Dan Dolan, president of the New England Power Generators Association, said divestment will benefit consumers because it would put the power plants back in a competitive market. He also said divestment doesn’t automatically mean plant closures.
“I think the fear mongering around divestiture meaning plant closures is a red herring and is irresponsible,” Dolan said. “I’m in the business of keeping plants open, not closing them. All I want to do is change the structure.”