Connecticut
Even as the offshore wind industry continues to struggle, stakeholders’ hopes have been buoyed by the recent multistate procurement in New England, they said during a webinar held by NECA.
Connecticut, Massachusetts, and Rhode Island have delayed their much-anticipated coordinated offshore wind solicitation by 30 days to account for the effects of the U.S. Department of Energy’s recent funding award.
The ongoing feud between Connecticut utilities and their regulators has spilled over into the state's efforts to implement performance-based regulation for its electric utilities.
Ten East Coast states signed a memorandum of understanding to set up a framework to coordinate interregional transmission planning and development.
Top utility commissioners from four New England states emphasized the need for regulatory innovation to preserve affordability amid the clean energy transition at the New England Energy Conference and Exposition.
Eversource announced plans to reduce its investments in Connecticut by about $500 million over the next five years because of the “negative regulatory environment” at the Public Utilities Regulatory Authority.
The coordinated offshore wind procurements of Connecticut, Massachusetts and Rhode Island received a total of 5,454 MW in bids from four developers, falling short of the 6,000-MW solicitation cap.
With a major grid expansion on planning boards around the country, grid-enhancing technologies will be key to getting the most out of current and future systems, experts said.
Bribery scandals and concerns over reliability and the pace of decarbonization have caused increasing scrutiny of utilities’ political activities.
Delaying the solicitation “is crucial to encourage the most cost-effective bids for the benefit of Massachusetts ratepayers,” the Department of Energy Resources wrote.
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