ISO-NE Move Puts New Gas-Fired Plant in Doubt
The future of a natural gas-fired power plant planned in northeastern Connecticut is in jeopardy after regional grid operator ISO-New England (ISO-NE) asked the Federal Energy Regulatory Commission (FERC) for permission to end a capacity contract with the project.
Florida-based NTE Energy’s plan to build the 650-MW Killingly Energy Center has been delayed due to permitting issues. NTE Energy secured an obligation in ISO-NE’s 2019 energy supply auction for the 2022-23 supply period, meaning it agreed to produce a certain amount of power at a specific cost that would be funneled into the larger New England power grid.
ISO-NE in a Nov. 4 letter to FERC asked the agency for authorization to cut Killingly from future power considerations, known as Capacity Supply Obligation (CSO) plans. The ISO said its monitoring of the project’s progress found NTE Energy would not hit its “critical path schedule milestones” until more than two years after the start of the agreed-on commitment period. ISO-NE in its filing said, “Killingly was required to achieve commercial operation on June 1, 2022.”…