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May 13, 2013

CT's ISO New England voice deepens

Connecticut regulators won a greater say over the budget of regional power grid administrator ISO New England, in a settlement announced Monday that also cut ISO's latest budget by $2.85 million, authorities say.

Last November, Connecticut led a coalition of six New England states that ISO serves, objecting to its proposed $194 million budget for 2013.

State Attorney General George Jepsen, Consumer Counsel Elin Swanson Katz, and Public Utilities Regulatory Authority Chairman Art House argued the 10-percent increase was too much and that state regulators should have a hand in shaping the budget because ISO's funds come from electric ratepayers.

In the settlement filed with the Federal Energy Regulatory Commission, ISO and the six New England states agreed to establish procedures to allow Connecticut's PURA and its five New England counterparts to review and provide feedback annually on ISO's budget.

The final decision on ISO's budget remains with FERC, although ISO must respond to its state-members' feedback.

In addition to the new oversight, Connecticut's objection to ISO's proposed budget resulted in $2.25 million in cuts to the administrative budget, which now totals $163 million, and $600,000 in cuts to the capital budget, which now totals $28 million.

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