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July 31, 2024

ISO-NE

ISO New England Inc. is a regional transmission organization that oversees the operation of the electricity transmission system, coordinates wholesale electricity markets, and manages power system planning for the states of Connecticut, Rhode Island, Massachusetts, Vermont, New Hampshire, and most of Maine.
ISO-NE Plans for Hybrid Grid, Flat Loads, More Gas
ISO-NE will integrate more renewable resources and increase its reliance on natural gas-fired generation, according to the RTO’s 2017 Regional System Plan.
ISO-NE
FERC Denies Rehearing on ISO-NE Retirement Rule Changes
FERC denied requests for rehearing of its order that approved capacity market changes to prevent ISO-NE generation owners from economic resource retirement.
FERC Approves ISO-NE Queue Clustering
FERC approved ISO-NE’s proposal for clustering interconnection queue requests to relieve a backlog in the queue for northern and western Maine.
NRG
NRG Optimistic Despite Q3 Profit Decline
NRG Energy earned $171 million ($0.53/share) last quarter, compared with $402 million ($1.27/share) in the same period last year.
Eversource Q3 Earnings Flat on Mild Weather
Eversource Energy reported third-quarter earnings of $260.4 million ($0.82/share), down nearly 2% from the same quarter in 2016.
Invenergy
ISO-NE Bars Invenergy Plant from FCA 12
ISO-NE has barred Invenergy’s planned Clear River Energy Center Unit 2 from offering into February’s capacity auction because of permitting delays.
Climate Policy Initiative
Cost Estimates on DOE NOPR: $300 million to $32 billion+
The PJM Market Monitor estimated the DOE NOPR would cost ratepayers $32 billion/year if nuclear and coal units were all paid their full replacement value.
Vistra Energy Swallowing Dynegy in $1.7B Deal
Vistra Energy will acquire Dynegy in a $1.7 billion all-stock deal that will create a generation giant owning 40 GW of capacity.
Goldman Sachs
Boston U ‘Fireside’ Chat Takes up New Energy Investment
Experts discussed new energy technologies, regulatory trends and the evolving business model for utilities at a “fireside” chat hosted by Boston University.
Weak Wind Drives down Avangrid Q3 Earnings
Avangrid Q3 earnings fell 9% to $99 million on weaker-than-expected wind production, which the company said was partially offset with improved operations.

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