October 3, 2012

NU Stock Gift Lifts Trees Not Towers

The Forest Society's campaign to thwart more than 1100 towers that would erected across180 miles of New Hampshire landscape got a lift from an ironic source this week: a $5000 gift of Northeast Utilities stock. NU and it's subsidiary, PSNH, are partnering with Canadian crown corporation Hydro Quebec to propose the private HVDC transmission line known as Northern Pass.

The anonymous donor said she was "tickled pink--and maybe a little orange" to be able to make the gift of NU stock to go towards thwarting the company's Northern Pass proposal. The stock will be sold and the $5000 will be added to the growing Trees Not Towers fund that will be used to conserve some 1800 acres that disrupt the intended route of the private transmission line.

The $5000 gift lifted the total to date over $400K, to $402,500. Nearly 400 donation have been made so far. The deadline to raise $2.5 million to conserve the land and thwart the Nothern Pass threat is Oct. 31.

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