Eversource will give up on Northern Pass after court defeat
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The company behind a plan to bring hydropower from Canada to southern New England is abandoning the project after suffering a defeat in the New Hampshire Supreme Court.
In a filing Thursday to the Security and Exchange Commission, Eversource concluded Northern Pass was “no longer probable” after the court last week affirmed a state committee’s decision to reject the proposal. The company had spent $318 million on it and will write off $200 million after taxes.