ISO-NE detailed proposed changes to its day-ahead ancillary services market to address higher-than-expected costs.

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.

After a winter of record prices, ISO-NE wholesale market values fell back to more typical levels in March amid milder temperatures and lower gas prices.

Vistra’s acquisition of Cogentrix Public Utilities would increase market power and could undermine competition in ISO-NE and PJM, market monitors for the RTOs argued.

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.

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.

FERC approved ISO-NE’s proposal to replace its Forward Capacity Market with a prompt market, cutting the time between auctions and commitment periods from more than three years to about one month.

The spring quarterly meeting of the ISO-NE Consumer Liaison Group revolved around the growing risks of climate-driven extreme weather events in Vermont and across the broader New England region.

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.