“We originally filed this application to test the financial viability of the project,” said David H. Boguslawski, vice president – Transmission Business Group. “But we determined several months ago that it could not be supported by the marketplace. This withdrawal is simply a formality and is the last step in the process.”
The cable would have followed a 25-mile path from Norwalk, Connecticut to Glenwood Landing, New York.
Today’s announcement does not affect Northeast Utilities' commitment to replace an existing 11-mile transmission cable between Norwalk, Connecticut and Northport, New York.
Northeast Utilities (NYSE: NU) is a Fortune 500 diversified energy company located in Connecticut with operations throughout the Northeast. Through its competitive and regulated subsidiaries, NU provides a full range of energy products and services to millions of residential and business customers from Maine to Maryland. From delivering electricity and natural gas, to marketing energy commodities, to operating and maintaining power plant facilities, NU is committed to safety, reliability and expanding consumers' energy options. For more information on Northeast Utilities and its subsidiaries, visit the NU family of Web sites at www.nu.com.
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