Eversource told state regulators they expected between 125,000 and 380,000 thousand outages to come as a result from Tropical Storm Isaias. A performance-based model, by its nature, would better embrace future investments in changing technologies and conditions on the ground such as those precipitated by climate change. Every day. HYANNIS _ Eversource workers have voted to authorize a strike as contract negotiations with the company continue. *May exclude premium content 1 of 2 Eversource Energy workers demonstrate the steps involved in power restoration at the company's training site in Berlin, Conn. on Wednesday, October 28, 2020. The answers may require a good bit of soul searching, not just by the utility villains of the moment, but by state officials, lawmakers, advocates, and residents themselves, who for years have focused on short-term costs and electric rates instead of long-term solutions that could eventually lower those rates and provide more storm resilience. Connecticut Law Tribune, Access to the entire ALM network of websites, Unlimited access to the ALM suite of newsletters, Build custom alerts on any search topic of your choosing. Without air conditioning, it’s people’s lives,” said Lisa Frantzis, who knows the stakes of long-term power outages. On average, union workers’ wages are 27% higher than their nonunion counterparts. Her view on whether some potentially expensive fixes should be considered has changed a bit. Workers with Asplundh Construction repair electrical lines along Main Street in Rocky Hill two days after Tropical Storm Isaias uprooted trees and left hundreds of thousands of Connecticut residents without power. Eversource Energy (NYSE:ES) shareholders have witnessed an increase in activity from the world’s largest hedge funds lately. “They’re taking power into their own hands – doing their own grid resiliency.”, “I do worry that just continually putting poles and wires back up and not integrating some of these advances is probably not the optimal way to go,” she said. Outside Eversource on Aug 5: From left, Katie Dykes, Gov. “Your eyes roll back in your head with the amount of technical information,” she said. Cassandra Day / Hearst Connecticut Media Show More Show Less 2 … If you want to do things differently – then you have to change the regulatory environment.”, — Daniel Bresette, Environmental and Energy Study Institute, The rate structure I inherited when I came to Connecticut – and I’ve been pretty vocal about it – is in need of desperate, desperate change.”, This is an opportunity to talk about the big fixes – things that should have happened a long time ago.”, Gillett has shown she is willing to force the utilities, Reforming the Energy Vision, the REV initiative, The Rocky Mountain Institute has a recent report, undergrounding – as it is often called – was researched and deemed too expensive, Isais knocked out a hefty number of water, wastewater and pumping station systems, technically legal and doable under very specific circumstances. Eversource is also bringing in out-of-state crews to assist with restoring power if needed and has added customer care representatives to the company’s call centers to assist customers during the storm. Our Impact. You start with a cost-benefit analysis focusing on what tools a regulator needs to evaluate utilities’ proposals, said Janet Gail Besser, managing director at Smart Electric Power Alliance (SEPA), a nonprofit focused on carbon-free energy systems. At the time, it had left half of Cleco’s customers without power – some 288,000 people. Steinberg wants to see new incentives and compensation models for the utilities, smart meters in every home, smart transformers, undergrounding of some main distribution lines, and more genuine microgrids. “Regulators have to catch up. document.addEventListener('DOMContentLoaded', function() { 60 MPH winds strike New London County. Eversource workers strike water on Boylston Street. 1 of 46. February 02, 2021 - July 14, 2021 Eversource and UI do some of that now, but without advanced metering it’s limited. That conversation is back – especially after Isais knocked out a hefty number of water, wastewater and pumping station systems. Eversource faces its first class action lawsuit over its handling of the Aug. 4 tropical storm that ravaged Connecticut. It makes sure the utilities, or EDCs, follow the rules. UI has it mostly in place, but Eversource has just submitted its plan to PURA so still has a long way to go. Legal Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALM’s deep bench of proprietary information to provide insights that can’t be found anywhere else. “We’re lacking metrics for the most basic things in this state. It may look like you’re paying them for the power, but you’re not. Eversource took a pounding on Monday during a Zoom public hearing hosted by PURA (Public Utilities Regulatory Authority). FEMA reported more than three-dozen water systems on backup power. From the Hartford Courant: Eversource announced late Thursday night that it will take until midnight Tuesday to restore nearly all of the hundreds of thousands of power outages caused by Tropical Storm Isaias amid growing anger over the utility’s response to the storm. 90% of our revenue comes from people like you. Connecticut Law Tribune honors attorneys and judges who have made a remarkable difference in the legal profession in Connecticut. C. Ryan Barber December 24, 2020. Customer Service / Sen. Norman Needleman, D-Essex, just finishing his first term in the legislature, was thrust into the co-chair position immediately. The key will be a regulatory structure that incentivizes a less-is-more paradigm for the utilities, since they stand to make less money than under the current cost-of-business system. While there is a certain amount of leeway, PURA doesn’t make the rules that govern the utilities. Eversource's contract with Utility Workers Union of America, local 369, expires June 1. This program will end in June of 2020 or when the available funds run out, whichever comes first. It also is a provider of natural gas and water. Eversource, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $2.37 billion for the quarter ended March 2020, missing the Zacks Consensus Estimate by 6.49%. They promise no improvement in service or reliability. ALM Marketing Services Website by Web Publisher PRO. Guidance. Legal Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms’ financials, staffing, clients, news and events. The Connecticut News Project, Inc. ET on Zacks.com Eversource Energy (ES) Q2 Earnings and Revenues Lag Estimates Jul. Experts note the many possibilities offer tremendous economic development opportunities. Now that I’m actually running a town – having power out for a week – everything stops.”. Boylston Street between Tremont and Washington streets is shut until BWSC workers can repair a water-main break caused when some Eversource workers inadvertently punctured the main. The utilities probably have to take a pretty long hard look in the mirror and say ‘OK, how can we do this better; how can we be better prepared?’ There’s a role for climate and clean energy advocates, legislators.”. The companies are “regulated” on all of these items; they go to PURA twice a year to set rates for Jan. 1 and July 1 so they can get reimbursed. View daily, weekly or monthly format back to when Eversource Energy (D/B/A) stock was issued. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. That was down to less than 2% within 48 hours and everyone was back by 8:30 pm Saturday – 5 days in – according to Tony Buccheri, general manager of Wallingford’s municipal electric department. transcript. And that includes the wires, the poles, the switches, and all kinds of hardware and equipment for maintenance and repair. They would have to own, operate and maintain the system. You can have the cleanest, cheapest power in the state, but if the delivery system goes down, you’ll be sitting in the dark like everyone else. There are lots of ideas and technologies out there designed to move utilities into a new era. In 2011, after Irene hit, but before the devastating snowstorm that October knocked out power for more than a week to the northern half of the state, undergrounding – as it is often called – was researched and deemed too expensive. powered by Microsoft News. And then put the onus on the utilities to find the most efficient way.”. Lamont calls on PURA to investigate Eversource, ... Hawaii man survives lightning strike… That anger only intensified when the power went out. Burying power lines – or Undergrounding – is back up for debate in the wake of Isais. ... EEI Recognizes 2020 Emergency Response Award Recipients. So does an old argument that finding underground problems is much harder than finding them in overhead lines. 1 of 2. Results for 2020 include an after-tax charge of $3.5 million, or $0.01 per share, associated with Eversource’s pending acquisition of the assets of Columbia Gas of Massachusetts. “We have a performance-based regulatory plan in place in Massachusetts and see the future trend here in Connecticut to be the same.”. Union President Dan Hurley says the sides have plenty of work to do. Arguably the questions Isaias begs are not who to blame and how to punish them, energy experts say, but “How do we keep the lights on?”. Eversource is New England’s largest energy provider, proudly serving more than 3.6 million electric and natural gas customers in CT, MA and NH. Robert Storace View ES option chain data and pricing information for given maturity periods. “That’s the way it’s always been for 121 years. Wallingford is one. When disasters strike, impacted and neighboring electric companies are quick to assess damage and to respond and assist with restoration.” Entergy was awarded for taking on several of these dangers, in fact, taking home five awards total for recovery efforts under Hurricane Laura and severe April thunderstorms, and for assistance provided during hurricanes Sally, Isaias and Hanna. If you value our reporting please consider making a donation. But even if Eversource and United Illuminating had stationed armies of repair crews ready to roll as soon as it was safe, the high likelihood is that all that power would still have gone out. 2019 : Eversource finally gets it rate hike, to be implemented in 2020. Eversource says customers should expect days without power after Tropical Storm Isaias leaves more than 720K Connecticut homes and businesses in the dark; ... Aug 05, 2020 at 11:37 AM . In the dark: The power was out in Winsted after Isaias slammed Connecticut earlier this month. Visit your My Account page to make your selections. }); Find out how B2B marketers in the legal, financial, insurance, and commercial real estate markets are using ABM to successfully drive leads and get business from key accounts. Beyond just flat-out punishing Eversource and UI, the concept that seems to have bubbled up is replacing a cost-of-business model that rewards capital investment – you put up a new pole and we’ll pay you back – with a performance-based model. The cost argument – given the number of line replacements in the last decade – is starting to lose some of its steam – even with the old rule of thumb that it can cost as much as $1 million a mile to put existing lines underground. All Rights Reserved. “The rate structure I inherited when I came to Connecticut – and I’ve been pretty vocal about it – is in need of desperate, desperate change,” she said. Eversource Energy’s water distribution segment earned $2.1 million in the first quarter of 2020, compared with $0.9 million in the first quarter of 2019. She’s referring to the kind of advanced metering, also called smart meters, that can let a utility instantly know what’s going on with each customer. The result is that nearly a decade after Tropical Storm Irene first demonstrated the vulnerability of Connecticut’s electricity delivery system – a scenario that has played out to different degrees many times since – the state’s first line of defense is often old-school tree trimming. ... Eversource, New England's largest energy provider, said in a statement that crews had restored power to about 100,000 Connecticut customers as … But if history is any indication, future legislative action will involve slow, baby steps preceded by special commissions and studies. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Access the Eversource Newsroom for the latest news about our electric and gas business in CT, MA and NH. Jeannette Ross / Hearst Connecticut Media WILTON — Eversource is not looking too good right now in … Site Map / And new neighborhoods are required to put wires underground. But what utilities were told to prioritize and were paid for did not change after 2011. After finally reopening, it was only at 25% capacity. Utilities need to be given an ‘it’s OK to do this.’ Try it – if doesn’t work, you won’t get dinged for it.”, New technology needs to be integrated into systems in ways that will be continually adaptable, she said. An Eversource car stops at a road that’s blocked due to fallen trees on Aug. 7, a few days after Tropical Storm Isaias. The sophisticated high-tech hardware and modern principles behind up-to-date grid resilience – on the rare occasions they’re considered at all – have largely been rejected because they cost too much up front. Eversource has not, though both have partnered with offshore wind companies, making that line a bit blurry. Eversource Energy has debuted their new enhanced outage map Monday that will give customers detailed information of outages at their home or business.. But I’m telling everyone I inherited a system that doesn’t even have the basics of that.”. Already have an account? The all time high for this statistic is 28. Contact Us / Eversource CEO Jim Judge, on Thursday, Aug. 27, 2020, during a hearing of the Connecticut General Assembly televised by Connecticut Network. A key question is whether legislation would be the most efficient way to put statutes in place to help PURA force utilities’ hands. That was a major hit for them that included lost food and other collateral damage and it came on top of COVID, which forced Quassy to close for months. DEEP Commissioner Dykes, however, is not concerned punishment will become the focus. Ned Lamont during a press conference on Wednesday, Aug. 8, 2020. WILTON — Eversource is not looking too good right now in the eyes of … January 29, 2021. The legislature needs to be looking at this,” she said. It would have been great to do 120 years ago.”. The … If you are a resident of Massachusetts that uses a Municipal Light Plant instead of Eversource, National Grid, or Unitil, your municipality may have money set aside to help fund your solar project! By Robert Storace | … So here we are – again. But Tropical Storm Isaias delivered her a dose of reality, too. The current agreement is set to expire at the end of the month. Eight days later he scored his first goal, a powerful strike off the crossbar, against Loudoun United in a 4-1 victory. Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR! ET on Zacks.com | View ES option chain data and pricing information for given maturity periods. 30, 2020 at 9:00 p.m. As the power outages from Tropical Storm Isaias piled up in every single community in Connecticut on Aug. 4, the finger pointing began. A highly-regarded boutique business law firm with a focus on commercial real estate is seeking an associate with 3-5 years of sophisticated ... CONGRATULATIONS TO THE NEWEST LAWYERS OF DISTINCTION, Anapol Weiss Proudly Congratulates New Shareholder MIRIAM BENTON BARISH, The Members of BORTECK & CZAPECK, P.C. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Phone: 860-218-6380, © Copyright 2021, The Connecticut News Project. He did not return repeated calls. Other technologies that offer both resilience and metrics for utility performance models are improved interconnection systems that allow the utilities to move power around the system. Gillett at PURA has been thinking along the same lines as she tackles grid mod. Katie Dykes, who began grid mod when she was chair of PURA before becoming commissioner of the Department of Energy and Environmental Protection under Gov. They promise no improvement in service or reliability. Postponed Again: Federal Jury Trials Won't Resume in Connecticut for Months, Judge Sentences Ex-FBI Lawyer to 12 Months of Probation for Altering Key Email in Russia Inquiry, Pilot Program in Hartford Superior Court Could Be Good News for Defense Lawyers, The Three Keys to a Successful B2B ABM Program, Controlling the Chaos: Simplify Your Digital Data. A top Connecticut utility regulator said Wednesday that Eversource misclassified Tropical Storm Isaias as it bore down on the Northeast, estimating it … She was an editor at the Gazette in Colorado Springs and spent more than 20 years as a TV and radio producer at CBS News and CNN in New York and in the Boston broadcast market. That means providing the right incentives, creating avenues to make longer term investments, and thinking about customer service differently. It’s been a couple of decades since the companies were allowed to own power generation – the plants that make electricity. Wages of Union vs. Non-Union . Extra soggy Boylston Street. What's New for Interactive Electronic Signing in 2021? Federal prosecutors had sought a prison sentence for Kevin Clinesmith. Doing that, however, requires a deep dive into the arcane and complicated world of energy and its regulation; political will to address the problem, which has been in short supply; and, of course, money. Robert Storace July 31, 2020 View as "Clean Read" After a tumultuous week filled with legislative outrage, sniping between energy companies, and consumer sticker shock at rising utility … “Utilities do what they’re allowed to do. Trees will be trimmed and storms will come and go. It ravaged Entergy similarly, causing more than 616,000 outages across its service area. About Us / Blackouts Hit Parts of New York City Power outages early Friday morning hit large areas of New York, including the Upper West Side, … Terms of Service/ For your protection, all activity is logged. "The public deserves better from attorneys working for the government assigned to handle some of the most important and sensitive matters," prosecutor Anthony Scarpelli said in court Friday. “I definitely don’t mean to second-guess what the regulators did after the 2011 storm because I wasn’t here and they had a different set of facts available to them.”. What they make money on is getting the power to you: actually transmitting it from the power plant and distributing it to your home or office. She is a former editor at The Hartford Courant, where she handled national politics including coverage of the controversial 2000 and 2004 presidential elections. The Connecticut Judicial Branch has announced it will begin a pilot Feb. 2 in Hartford Superior Court, where all diversionary programs will be done online. “That’s definitely the question of the hour,” said the Marissa Gillett, chair of the Public Utilities Regulatory Authority, PURA, since April 2019. But that doesn’t have to happen. The current agreement is set to expire at the end of the month. There are now communication technologies that can be buried with the lines that can automatically find problems. As the power outages from Tropical Storm Isaias piled up in every single community in … | If you want to do things differently – then you have to change the regulatory environment,” said Daniel Bresette, executive director of the Environmental and Energy Study Institute. Aug 06, 2020 at 8:56 AM . 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