Utilities are taking advantage of a sweet spot in the capital markets, pre-funding and refinancing at record low rates. But cheap money won’t resolve overhanging uncertainties preventing cap-ex...
Neptune and the Northeast
could bring to the table.
gas-fired power in Boston or New York City. Building a new CCGT in Nova Scotia, New Brunswick, or Maine is likely to be 15 to 20 percent cheaper than building in New York or Boston, and is unlikely to be levied a stiff interconnection charge, which is likely in the cities. Generators in the North are likely to have to buy fewer (if any) emission credits, and to incur less (if any) summer de-rating. These cost differences - the same dynamic that makes a brownstone in Manhattan cost more than the same one in Jersey City - will prove very substantial.
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