Utility company that serves NH Statehouse to cease operations by May 2017
CONCORD (AP) — The utility that provides steam heat for the New Hampshire Statehouse in Concord and as many as 180 downtown buildings is preparing to shut down in the future.
Concord Steam Corp. officials announced Thursday that it would cease operations by May 2017 if the Public Utilities Commission approves a plan for Liberty Utilities to purchase the company for $1.9 million.
Peter Bloomfield, Concord Steam's president, says the company is unable to see a future where they can continue operations despite their best efforts.
The company's customer base has been dwindling in recent years due to rate increases and a state investigation into safety code violations at its wood-burning plant.
The sale would force Concord Steam's clients to either sign with Liberty Utilities or find alternatives sources of heat.