| The Gregg Falls facility is located on the Piscataquog
River near the Town of Goffstown, New Hampshire. The site was historically
used for the generation of electrical energy and was decommissioned
in the 1970’s. A major refurbishment was undertaken in 1985,
which included the installation of two new turbines and generators
and the replacement of all electrical and control works. The installed
capacity of the facility is 3,500 kilowatts.
The Gregg falls facility sell all electrical energy to the Public
Service Company of New Hampshire (‘‘PSNH’’)
pursuant to an agreement dated May 11, 1984. The agreement terminate
on December 31, 2020. Prior to December 31, 2011, the rates paid
by PSNH for the energy are indexed to certain increases in the general
rate of inflation. After January 1, 2012, the rates paid for energy
and capacity are based on the then current PSNH avoided costs.
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