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Energy and climate reporter for RTO Insider

There was major news last week on the New England Clean Energy Connect transmission line, which has been delayed by over three years from its initial in-service date. Avangrid (the project developer) has sued NextEra for antitrust violations, alleging that the company has committed "anticompetitive, unfair and deceptive business practices to foreclose competition for the supply of wholesale electricity on the ISO New England marketplaces." NextEra owns several large generation resources in the region and has almost certainly profited from the higher wholesale electricity costs that have resulted from NECEC's delay. The lawsuit includes a long list of accusations, including "overt acts that constitute monopolization, attempted monopolization, civil conspiracy, intentional interference with contract, sham petitioning, dark-money deception, and false and misleading statements." Avangrid alleges damages of at least $350 million, and is seeking three times the damages, plus interest and legal costs. The saga outlines one of the key challenges for transmission development in the region and in the country: incumbent generators can use a wide range of regulatory, legal, and political mechanisms to gum up the development process, potentially delaying or blocking projects. Transmission expansion will be crucial to the clean energy transition, so clean energy advocates would be smart to learn from this fight. I'm curious if the Massachusetts Attorney General's Office will take action on behalf of ratepayers in the state. The delay appears to have cost ratepayers well over $500 million, along with a likely increase in power system emissions. The AGO declined to comment on this, so we'll see where it goes. Check out the full story here at RTO Insider LLC: https://lnkd.in/et8mFMwC

Avangrid Sues NextEra over ‘Scorched-earth Scheme’ to Stop NECEC

Avangrid Sues NextEra over ‘Scorched-earth Scheme’ to Stop NECEC

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