April 30, 2013

New England states, grid operator settle budget dispute

The Associated Press

HARTFORD, Conn. — New England's grid operator and attorneys general, regulators and consumer advocates in four states have settled a dispute over the regional agency's proposed budget.

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Guy Munn of O'Donnell Line & Electric in Canand works on a power line to restore power on Dyer Street in Saco after a storm.

2011 Staff File Photo/Shawn Patrick Ouellette

The Federal Energy Regulatory Commission said Tuesday that ISO-New England, based in Holyoke, Mass., and state officials in Connecticut, Maine, New Hampshire and Rhode Island agreed to a settlement in principle. Details are not available as a formal settlement is being worked out.

Officials last November criticized ISO's $165 million budget request for 2013. They said spending grew too much in the weak economy.

ISO said its operating budget minus depreciation and other expenses is about $136 million. It said it added positions related to gas as a growing energy source and cited higher interest expense for debt. And it allocated $1 million for transmission planning and other areas.

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