In addition, most New England states are looking into jointly purchasing large-scale hydropower from Canadian resources — in Quebec, Newfoundland and Labrador — and Maine’s location puts it along the likely transmission route to southern New England, home to the bulk of the region’s demand.
“New England’s energy costs are not competitive,” LePage said in a prepared statement. “Our high energy prices drain family budgets and are a significant barrier to attracting business investment, especially in energy-intensive industries. At the same time, we are geographically positioned to take advantage of competitively priced natural gas and hydropower resources if we collectively invest in key infrastructure. This energy infrastructure initiative can bring these world-class resources to start powering New England industry and start saving money for families across our states.”