asset condition projects (ACPs)
Weather-normalized electricity demand has increased by about 2% in Eversource Energy’s service territories in New England, in part due to heating and transportation electrification, CEO Joe Nolan said.
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.
ISO-NE identified nine projects to include in an interim asset condition review process starting in November, which will proceed as the RTO works to stand up internal condition review capabilities by the start of 2027.
Capacity auction reforms, a new asset condition reviewer role, parallel transmission planning efforts, new reserve products, Pay-for-Performance changes and interconnection modifications are likely to be on the docket for ISO-NE in 2026.
Eight New England transmission companies must provide the Maine Office of Public Advocate with more information on asset condition projects placed in service in 2022, FERC has ruled.
The New England wholesale electricity markets performed competitively in 2024, while decreased imports and higher emissions compliance rates increased overall market costs, the ISO-NE Internal Market Monitor told the NEPOOL Participants Committee.
New England transmission owners have added 39 new projects in the annual update to the region’s asset condition forecast, the companies told the ISO-NE Planning Advisory Committee.
Asset condition costs in New England have grown by $95 million since March, according to an update to the asset condition project list presented by the region’s transmission owners.
ISO-NE announced it is open to taking on a limited “asset condition reviewer” role, intended to help increase oversight of transmission infrastructure projects.
Massachusetts Gov. Maura Healey has filed a major energy bill that her administration says would save ratepayers $10 billion over the next decade.
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