Canadian hydro gambles big on U.S. export market -- but at what cost?
NEW YORK -- The Northeast's power conundrum is well-known: In a nutshell, nuclear appears to be on the way out, coal is a nonstarter, local natural gas cracked from shale isn't entirely welcome, and technologies like wind and solar are still struggling to prove viability as base-load electricity. On top of that, pipeline expansion into the region continues to face obstacles, both financial and political, while micro-grids are emerging but immature. The net result is the Northeast still pays some of the highest energy bills in the country because it has to import gas from other states and rely on heating oil during the winter. So where does this bustling population center go for power from here?