Eversource Energy
FERC extended the timeline for the New England transmission owners to refund customers for excess revenues collected after the commission in March set a lower base return on equity with a 2014 effective date.
Eversource Energy and Avangrid asked FERC to pause refund obligations stemming from the commission’s recent order cutting the return on equity for New England transmission owners and requiring the companies to issue extensive refunds.
The Everett Marine Terminal will be needed to preserve the reliability of the Boston-area gas system beyond the 2030 expiration date of the facility’s current utility contracts, gas companies told regulators in recent filings.
Increased interest in data center development in New England has led to growing concern about potential negative effects on energy affordability and long-term resource adequacy.
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.
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