Major competitive generation companies including Calpine (NYSE:CPN), Dynegy (NYSE:DYN), Entergy (NYSE:ETR), Exelon (NYSE:EXC) and NRG Energy (NYSE:NRG) are urging Massachusetts lawmakers not to approve legislation supporting long-term contracts to import Canadian hydroelectric power.
“Senate Bill 1965 proposes to contract for a substantial amount of provincially-owned Canadian hydropower equal to one-third of all the electricity consumed in Massachusetts every year, for the next 15-to-25 years,” the independent power producers said in a Sept. 29 letter to Massachusetts lawmakers.
The Electric Power Supply Association (EPSA) posted a copy of the letter on its website. EPSA and another trade association, the New England Power Generators Association (NEPGA), have been staunch foes of the legislation.
Republican Gov. Charlie Baker has suggested that the measure is important to meet the carbon emissions targets laid out in the Commonwealth’s Global Warming Solutions Act.
The company officials said that they wrote to the legislature “as a group of concerned leaders of companies that represent 21 power generating facilities in 16 Massachusetts communities with approximately 1,300 employees.”
The company officials said that the bill “undermines the billions of dollars our companies have invested here to support competitive electricity service for consumers and the thousands of workers we are proud to employ in Massachusetts.”