CMEEC Enters into Long-term Power Purchase Agreement for Hydropower

For Immediate Release

Norwich, CT. July 5, 2022 – The Connecticut Municipal Electric Energy Cooperative (“CMEEC”) announced today that its Board of Directors has approved a long-term power purchase agreement between CMEEC and Great River Hydro, LLC (“GRH”) for baseload and peaking energy from GRH’s portfolio of hydroelectric generating stations and reservoirs along the Connecticut and Deerfield Rivers in New Hampshire, Vermont and Massachusetts.  GRH is the largest producer of conventional hydropower in New England, generating approximately 1.6 terawatt hours of electricity each year.

The Chairperson of the CMEEC Board of Directors stated that he is pleased with CMEEC’s partnership with GRH:

CMEEC, by entering into this long-term PPA for energy from Great River Hydro’s hydroelectric stations, has furthered CMEEC’s mission to provide low-cost, sustainable and clean power to its municipal electric utility members and their communities in Connecticut for years to come.

Dave Meisinger, CMEEC Chief Executive Officer, commented that the energy purchase, representing approximately 10% of the projected wholesale electric load of CMEEC’s members through 2036, is “consistent with CMEEC’s evolving decarbonization strategy while also projecting to bring economic value to CMEEC’s member municipal electric utilities.”

Pierce Atwood LLP acted as legal counsel to CMEEC.

About the Connecticut Municipal Electric Energy Cooperative

CMEEC is a political subdivision of the State of Connecticut created in 1976 pursuant to Chapter 101a of the Connecticut General Statutes. It is a non-profit municipal joint-action electric supply agency that provides the wholesale power supply requirements of six municipal electric utilities with retail service territories in Connecticut, as well as for other customers who purchase power at wholesale.  Its municipal electric utility members are Bozrah Light & Power, Jewett City Department of Public Utilities, Groton Utilities, Norwich Public Utilities, South Norwalk Electric and Water, and The Third Taxing District of Norwalk Electric Division.  CMEEC also supplies the wholesale power requirements of the Mohegan Tribal Utility Authority. For further information about CMEEC, please see https://cmeec.com/

About Great River Hydro, LLC

Great River Hydro, LLC is New England’s largest conventional hydroelectric portfolio. Its sustainable hydropower systems in New Hampshire, Vermont, and Massachusetts have continued to safely and reliably generate electricity at times when our region’s consumers and industries need it the most. Great River Hydro and its dedicated and experienced community-based employees will continue to partner with load servers like CMEEC into the 21st century as the world demands more carbon-conscious energy sources. See https://greatriverhydro.com