CFE seeks to intervene in merger between Northeast Utilities and NStarFeb 7th, 2012 | By Environmental Headlines -- CT environmental news | Category: Land
Urges extension of Memorandum of Understanding for land conservation
NEW HAVEN, CT — Connecticut Fund for the Environment has submitted a request for intervention to the state Public Utilities Regulatory Authority (PURA) seeking to ensure that the 9,500 acres of valuable open space owned by Northeast Utilities in approximately 90 municipalities will be protected in the face of the proposed merger with NSTAR.
“We are not opposing the proposed merger between Northeast Utilities and NSTAR,” said CFE Program Director Curt Johnson. “However, if the merger occurs, there will be a change in management at NU, which could have a negative impact on the company’s land stewardship policies. We are seeking assurance that the previous Memorandum of Understanding between NU and CT DEEP, which expires in two years, will be extended to ensure that the open space is protected from harmful development.”
In 2000, CFE successfully intervened in the proposed merger of NU and Con Edison. As a result, NU and the Connecticut Department of Environmental Protection entered into a Memorandum of Understanding (MOU) to protect the landholdings. Nearly 375 parcels of land, including Skiff Mountain in Sharon, Vaughan’s Neck in New Fairfield, Great Mountain in New Milford, Kings Island in Enfield, Maromas in Middletown, and Quinebaug Junction, were identified as having high value for public recreation or natural resource conservation or preservation and were placed on a Conservation List as part of the MOU. The MOU gives towns and land trusts first opportunity to purchase any of these parcels for open space conservation and recreation purposes.
Click here for a copy of the parcels on the MOU Conservation List.