ISO New England

New England wholesale electricity prices reached their highest level in 10 years this past January, as rising natural gas demand squeezed power plant capacity, according to grid administrator ISO New England.

The chairwoman of regional power grid administrator ISO New England will resign on April 25 to join an Oregon energy company.

As natural gas demand constrained supply lines in December, the electricity prices in Connecticut held out better than the regional spike, data released from the U.S. Energy Information Agency shows.

ISO New England, the operator of the region's bulk power system, said an auction Monday to secure energy for 2017 and 2018 ended with a slight shortfall, which will result in higher prices.

The average wholesale price of electricity in New England rose 126 percent in December compared to December 2012, driven by demand for light and natural gas, according to grid administrator ISO New England.

The six New England governors petitioned regional power grid administrator ISO New England for more transmission lines to bring 1,200 to 3,600 megawatts of clean electricity into the area.

Once the warmer weather returned following the extreme cold conditions last week, natural gas once again became New England's electricity generation fuel of choice.

Nuclear energy was New England's electricity fuel of choice on Tuesday, as the extended cold weather forced natural gas power plants to decrease their output.

As Northeast Utilities has shifted its attention to growing existing businesses and improving customer service, it has lost one of its major strategists.

The Virginia financier that bought a 37.5 megawatt Plainfield biomass plant out of foreclosure has brought the facility back online and is feeding power onto the electricity grid.