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Bob Harrison

๐Ÿ‘ค Speaker
34 total appearances

Appearances Over Time

Podcast Appearances

Marketplace
When is inflation no longer "transitory?"

If this continues through the summer and into the fall, then we start to see more downstream effects of higher oil and natural gas prices.

Marketplace
When is inflation no longer "transitory?"

To get hydropower from Quebec to New York,

Marketplace
When is inflation no longer "transitory?"

The developers of the new Champlain Hudson Power Express line designed special barges to drop cables to the bottom of Lake Champlain.

Marketplace
When is inflation no longer "transitory?"

They drilled under the East River and they built a facility in Astoria, Queens, where the line ends its 300 plus mile journey.

Marketplace
When is inflation no longer "transitory?"

Bob Harrison is the head engineer for this project, showing me an array of electrical equipment connected to the cables.

Marketplace
When is inflation no longer "transitory?"

On one end, there's a metallic arm the length of a pickup truck sticking straight up.

Marketplace
When is inflation no longer "transitory?"

Soon, that arm will lower, sending electricity onto the New York City grid, enough to power a million homes.

Marketplace
When is inflation no longer "transitory?"

It all makes Harrison a little emotional.

Marketplace
When is inflation no longer "transitory?"

He's worked on the project for 11 years.

Marketplace
When is inflation no longer "transitory?"

When Harrison started 11 years ago, building the line made perfect sense given the region's energy market.

Marketplace
When is inflation no longer "transitory?"

Hydro-Quebec, the government-owned utility north of the border, had lots of energy to spare.

Marketplace
When is inflation no longer "transitory?"

Pierre-Olivier Pinault is a professor of energy sector management at the business school HEC Montreal.

Marketplace
When is inflation no longer "transitory?"

So the government of Quebec pushed to sell more power to the northeastern U.S., where states were looking to get away from fossil fuels.

Marketplace
When is inflation no longer "transitory?"

Eleven years later, now that the lines are finally installed, Quebec's surplus is not what it used to be.

Marketplace
When is inflation no longer "transitory?"

The province has been in a drought for three years, so there's less water the utility can pass through its dams.

Marketplace
When is inflation no longer "transitory?"

Meanwhile, there are new industries and data centers north of the border that want cheap hydropower.

Marketplace
When is inflation no longer "transitory?"

And Pinot says Quebec has its own decarbonization goals.

Marketplace
When is inflation no longer "transitory?"

So while Hydro-Quรฉbec is meeting all that demand, it also needs to fulfill its contracts to send power to the South for the next 20-plus years.

Marketplace
When is inflation no longer "transitory?"

And New York and Massachusetts are counting on that.

Marketplace
When is inflation no longer "transitory?"

Aaron Smith is Clean Grid Director at the Environmental League of Massachusetts.

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