I think you are referring to the Champlain Hudson Power Express, a Hydro-Quebec HVDC project to send power to Yonkers, I believe. The lines will be underground, I also understand.
The Northern Pass project will ship power predominantly south of the NH border. Only about 20% of it will go to PSNH customer, if I recall correctly. The parent company of PSNH, Northeast Utilities, is based in Hartford CT. There is not a lot of confirmed information about this project, though. But lots of rumors.
Yes, the Power Express will ship 1,000 MW on HVDC underground lines 355 miles from Canada to a converter station in Yonkers and on to to New York:
http://www.chpexpress.com/project-details.php