ISO-NE Asset Condition Reviewer
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.
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 and National Grid introduced asset condition projects totaling about $110 million at the ISO-NE Planning Advisory Committee.
ISO-NE responded to stakeholder feedback and provided more detail on its proposed asset condition reviewer role at the NEPOOL Transmission 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.
Despite recent transparency improvements, broader efforts are needed to address underlying concerns about a lack of regulatory oversight of local transmission costs in New England, a panel of transmission experts said.
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