Eversource Energy
New England transmission owners have added over $376 million in projects to the asset condition list since October while placing over $560 million in projects in service.
ISO-NE’s initial review of proposals submitted for a first-of-its-kind transmission procurement indicates four of the six proposals do not meet the technical requirements and are not eligible for selection.
Updating stakeholders on its proposal for an internal asset condition reviewer, ISO-NE said it now plans to review asset condition projects estimated by transmission owners to exceed $25 million in regionalized costs.
FERC dismissed a complaint about a $385 million asset condition project on an Eversource Energy transmission line in New Hampshire, finding it failed to demonstrate any violations by the company.
Eversource Energy increased its five-year capital investment plan by $2.3 billion, an increase largely driven by investments in its gas and electric distribution systems.
In Massachusetts, a state with some of the most ambitious decarbonization policies in the country, fundamental disagreements between utilities and consumer advocates threaten to derail the transition from natural gas before it even gets off the ground.
Eversource Energy and National Grid introduced asset condition projects totaling about $110 million at the ISO-NE Planning Advisory Committee.
The Maine Office of the Public Advocate has asked FERC to initiate evidentiary hearing procedures to answer questions about the prudency of investments by New England transmission owners in asset condition projects placed in service in 2022.
Weather-normalized electricity demand has increased by about 2% in Eversource Energy’s service territories in New England, in part due to heating and transportation electrification, CEO Joe Nolan said.
ISO-NE identified nine projects to include in an interim asset condition review process starting in November, which will proceed as the RTO works to stand up internal condition review capabilities by the start of 2027.
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