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Northeast Utilities Falls on Lower Power Sales

03 Aug

The outlook for the company’s transmission unit also is “increasingly uncertain,” Weisel says, given potential delays to a proposed 180-mile (290-kilometer) transmission line connecting Northeast Utilities customers to power producers in Quebec, Canada.

Northeast Utilities expects to secure right of way for 40 miles of the line in New Hampshire this quarter, so that construction may begin and the line may go into service by the end of 2016, Leon Olivier, the company’s executive vice- president and chief operating officer, said during a quarterly earnings webcast today.

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Posted by on August 3, 2012 in Uncategorized

 

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