AFP-NH Congratulates Gov. Sununu, New Hampshire Legislature on Blocking Electricity Rate Hike
Manchester, New Hampshire—Americans for Prosperity-New Hampshire (AFP-NH) on Wednesday congratulated lawmakers on successfully blocking a veto override of House Bill 142, known as the Burgess Biomass bill. This move ensures that Granite State ratepayers and taxpayers won’t need to continue to subsidize a poorly run facility.
AFP-NH State Director Greg Moore congratulated both the Governor and lawmakers for looking out for rate payers.
“Despite receiving some $200 million in subsidies from hard-working Granite Staters, the Burgess Biomass plant still has not demonstrated any intention or plan to make the plant economically sustainable.
“Cate Street Capital—the owners and mangers of the plant—have a long history of rent-seeking, but thankfully lawmakers understood that continuing to subsidize Burgess would be throwing good money after bad. As “Bidenomics” continues to eat into the paychecks of hard-working taxpayers, it’s reassuring that New Hampshire lawmakers are combatting big-government spending with sound policy and maintaining the New Hampshire Advantage. The long term future of Burgess requires a new management team that understands how to run an economically viable plant and not constantly demanding that taxpayers and ratepayers shower it with millions of dollars annually.”
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