FERC approved a guarantee for National Grid to recoup all prudently incurred costs for the company’s portion of the Power Up New England transmission project if the project is terminated due to factors outside the company’s control.

The Massachusetts Department of Public Utilities approved a settlement agreement for the New England Clean Energy Connect transmission line, authorizing a significant cost increase to account for regulatory delays to the project.

Managing the often-at-odds priorities of affordability, reliability, and decarbonization will require a delicate balance of innovation, market reforms, and stability, industry experts said at the Northeast Energy and Commerce Association’s Power Markets Conference.

The adoption of simple near-term rate reforms could help Massachusetts achieve its electrification goals while minimizing effects on ratepayers, an interagency working group concluded.

As clean energy development challenges in New England have mounted over the past several years, Massachusetts agencies are facing a massive influx of alternative compliance payments from electricity suppliers to meet the state’s array of clean electricity standards.

Massachusetts Gov. Maura Healey emphasized the importance of collaboration among Northeastern states, provincial governments, energy companies, and labor groups at the New England Energy Summit.

Massachusetts has some of the strongest incentives for storage resources in the country, but its storage programs are lagging in their focus on equity and environmental justice, according to a report.

Following the failure of the Massachusetts House and Senate to reach common ground on a climate bill this summer, Gov. Maura Healey (D) has proposed to include clean energy permitting and procurement provisions in a supplemental budget bill.

The Massachusetts Department of Public Utilities approved grid modernization plans from electric distribution companies to handle increasing electrification and the deployment of distributed resources.

With the end of Massachusetts’ legislative session looming, lawmakers are on the clock to reach an agreement on a major climate bill centered around clean energy permitting and siting reform.