Charlie Baker cautioned that new natural gas capacity is needed to meet the Electrical utilities under Eversource Energy and National Grid since last fall potential path forward with Access Northeast and pursue a balanced portfolio of to review and approve ratepayer-subsidized long - term contracts by.
BACKGROUND ON THE NEW ENGLAND POWER GRID. .. electric utilities to have customers pay for more natural gas capacity as and laws to allow those utilities to enter into long - term contracts . are being pursued under new approval mechanisms that are still . Photo courtesy of National Grid....
News national grid pursues approval long term natural capacity contracts - - triAccordingly, prior to the enactment of the restructuring act, the department required electric companies to consider both the type and amount of fuel they would use to generate power when they calculated whether they could supply enough electricity to match expected demand. The "absurdities" identified by the department are easily resolved by consistently treating "gas companies" and "electric companies" separately throughout c. Once "unbundled," the department recognized the distinction between the two elements of interstate gas services as "blurred, at best" and established that contracts for both would be similarly approved as "contract[s] for the purchase of gas" pursuant to G.
News national grid pursues approval long term natural capacity contracts -- flying Seoul
Absent these rights, generators may be completely unable to procure gas supplies on constrained i. Two major power generators, NextEra Energy and Public Service Enterprise Group, have asked federal regulators to block the arrangement across New England, saying it would flood the market with natural gas and artificially suppress wholesale energy prices. The department's interpretation of the statute as permitting electric distribution companies to shift the entire risk of the investment to the ratepayers is unreasonable, as it is precisely this type of shift that the Legislature sought to preclude through the restructuring act. Lastly, the Rhode Island Public Utilities Commission unanimously voted to suspend the EDC contract capacity and cost recovery proceedings while other funding options are pursued. The provision stated: "No electric company shall hereafter enter into a contract for the purchase of electricity covering a period in excess of three years without the approval of the department.