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.

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.

Connecticut, Massachusetts, and Rhode Island have delayed their much-anticipated coordinated offshore wind solicitation by 30 days to account for the effects of the U.S. Department of Energy’s recent funding award.

The ongoing feud between Connecticut utilities and their regulators has spilled over into the state's efforts to implement performance-based regulation for its electric utilities.

Ten East Coast states signed a memorandum of understanding to set up a framework to coordinate interregional transmission planning and development.

Top utility commissioners from four New England states emphasized the need for regulatory innovation to preserve affordability amid the clean energy transition at the New England Energy Conference and Exposition.

Eversource announced plans to reduce its investments in Connecticut by about $500 million over the next five years because of the “negative regulatory environment” at the Public Utilities Regulatory Authority.

The coordinated offshore wind procurements of Connecticut, Massachusetts and Rhode Island received a total of 5,454 MW in bids from four developers, falling short of the 6,000-MW solicitation cap.

With a major grid expansion on planning boards around the country, grid-enhancing technologies will be key to getting the most out of current and future systems, experts said.