PROJECT BENEFITS

NECEC will harness Canadian hydropower and transmit clean energy into the New England electric grid, which connects all six New England states. The new HVDC line enters the electric grid in Lewiston, Maine, one of the strongest connection points in the power system.

Maine and the other New England states will benefit from the subsequent price suppression in electrical rates and the reduction in greenhouse gas emissions from this new source of renewable power. Maine will also benefit from the creation of thousands of jobs during permitting and construction, new local tax revenue, increased gross domestic product (GDP) and cleaner air.

ENVIRONMENTAL BENEFITS

CO2 REDUCTION

**3.0-3.6 MILLION** metric tons reduction in regional CO2 emissions PER YEAR

Calving-Glacier-Alaska---Hubbard-Glacier---a-huge-iceberg-calves-into-Disenchantment-Bay---St.-Elias-Alaska.-Taken-from-an-Alaska-cruise-ship---near-Yukon%2C-Canada-1061549950_5082x3388.jpg — CLIMATE CHANGE GOALS

The equivalent to at least **700,000** fewer cars on the road

LESS DEPENDENCE ON FOSSIL FUELS

Lower future natural gas costs and consumption. Generation resource replacement and diversification.

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ECONOMIC & PROJECT DEVELOPMENT BENEFITS

Closeup-woman-hands-using-calculator-cost-money-manage-family-budget-1159994538_5472x3648.jpg — LOWER ELECTRICITY RATES

**$14-44 MILLION** per year in lower future electricity costs in Maine

Young-male-worker-in-timber-warehouse-1192093451_6720x4480.jpg — 1,600 CONSTRUCTION JOBS

**1,600 JOBS** per year average increase during construction

STATION UPGRADES

**$200 MILLION** in grid investments and upgrades

sm+York%2C-Maine-1190476999_8556x5768.jpg — MILLIONS FOR MAINE’S ECONOMY

**$573 MILLION** increase in the state’s Gross Domestic Product during construction

Two-workers-in-a-crane-repairing-a-power-pole-182173497_3679x1840.jpeg — WORKER COMPENSATION

**$440 MILLION** in total worker compensation during construction

sm+Augusta%2C-Maine%2C-USA-614436630_6000x4004.jpg — LOCAL TAX REVENUE

**$18 MILLION** per year increase in host community tax revenues

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COMMUNITY BENEFITS

Day-at-the-Beach---Old-Orchard-Beach---Maine-1170988963_5184x3456.jpg — ECONOMIC DEVELOPMENT AND TOURISM

**$10.5M** for economic development and promotion of regional tourism

Group-of-young-people-in-technical-vocational-training-with-teacher-1148208588_6016x3728.jpg — EDUCATION FUNDING

**$6M** for education funding, UMF, UMO, Franklin and Somerset Counties

PASSAMAQUODDY TRIBAL BENEFITS

**$3M** in benefits to the Passamaquoddy Tribe

mother-helps-her-daughter-in-distance-education-classes-1220991786_6240x4160.jpg — BROADBAND ACCESS

**$15M** for fiber optic and broadband expansion

LOW-INCOME RATE RELIEF

**$50M** for low-income consumer rate relief

Light-bulb-and-money-on-white.-1048950280_4547x3200.jpg — INVESTMENTS TO LOWER ENERGY BILLS

**$140M** for consumer rate relief (40yrs.)

Power-supply-connect-to-electric-vehicle-for-charge-to-the-battery.-Charging-technology-industry-transport-which-are-the-futuristic-of-the-Automobile.-EV-fuel-Plug-in-hybrid-car.-954558318_4000x2673.jpg — ELECTRIC VEHICLE SUPPORT

**$15M** for electric vehicle infrastructure AND REBATES

Close-up-hand-and-remote-control-air-condition.-1198966543_5760x3840.jpg — HEAT PUMP FUND

**$15M** for heat pump support

A-man-is-riding-a-snowmobile-in-the-winter-forest-927737992_5081x2727.jpg — SNOWMOBILE TRAILS

More than **50 miles** of expanded snowmobile and recreational trail opportunities

SECURITIZATION

**$1M** for securitization (an option to accelerate the receipt of benefits)

LAND PRESERVATION

nEARLY **43,000** acres of conserved land

CLEAN RENEWABLE POWER

**$2.5M** for decarbonization & Maine energy resource planning studies (by 2022)