Eversource Energy
Massachusetts lawmakers and industry members must double down on efforts to rapidly scale up new renewable technologies to meet the needs of the energy transition, speakers at the Northeast Energy and Commerce Association’s Energy Innovation Forum emphasized.
Eversource Energy’s exit from the offshore wind business drove a $118 million loss in the third quarter of 2024, offsetting increased revenue from its electric and gas distribution business relative to 2023, the company told investors.
Sheila Keane of the New England States Committee on Electricity discussed the scope of ISO-NE's first longer-term transmission planning solicitation.
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.
Eversource Energy has formally ended its costly foray into offshore wind development, finalizing the sale of its last two offshore assets and predicting a half-billion-dollar loss as a result.
New England transmission owners discussed updates to the guidelines for asset condition project presentations at the ISO-NE PAC to address concerns from states about transparency amid ballooning costs.
The Massachusetts Supreme Judicial Court upheld the Energy Facilities Siting Board’s approval of a controversial substation in East Boston, likely concluding the 10-year fight over the project.
The Massachusetts Department of Public Utilities approved grid modernization plans from electric distribution companies to handle increasing electrification and the deployment of distributed resources.
New rules proposed by the New Hampshire Public Utilities Commission would “unduly exclude” companies and organizations from participating in its proceedings, according to a coalition of power generators, consumer advocates and environmental organizations.
New England transmission owners have presented a $185 per kW-year regional network service rate for 2025, an increase over the $154 per kW-year rate in 2024.
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