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National Grid, Eversource get OK for huge transmission project

Feb. 13, 2015 9:18 AM ETNational Grid plc (NGG) StockNGG, NEEBy: Carl Surran, SA News Editor
  • A partnership between National Grid (NYSE:NGG) and Eversource Energy has been selected by regional power grid manager ISO New England to build one of the largest electric transmission projects in recent New England history.
  • The proposal was chosen over another proposal presented by New Hampshire Transmission, a subsidiary of NextEra Energy (NYSE:NEE).
  • The winning plan, which is expected to cost $510M, calls for new overhead lines in existing rights of way through Massachusetts and southern New Hampshire, and new underground cables through Boston and other Massachusetts communities.

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