“The creation of a Regional Transmission Organization (RTO) is the next step in the restructuring of the electric industry,” said Michael G. Morris, NU’s chairman, president and chief executive officer. “It will support the development of larger and more competitive energy markets, which will create additional choice for our customers.”
An RTO will work with the Independent System Operator (ISO) - New England to improve management of the power grid by enhancing interregional coordination, and producing effective standards of managing transmission congestion.
The RTO will provide transmission service under existing rate structures, and arrange for the construction of new transmission facilities and generator interconnections.
“The RTO will expand the transmission system, providing greater choice of energy suppliers, higher reliability and tailored services,” said Dave Boguslawski, vice president, energy delivery. “This can only be good news for customers throughout New England.”
Northeast Utilities (NU) is New England’s largest energy company and a major energy trader in the Northeast, serving more than 1.7 million electric power customers in Connecticut, Massachusetts and New Hampshire and 185,000 natural gas customers in Connecticut. NU is a community and economic development partner, committed to environmental leadership and stewardship by pursuing creative, innovative initiatives and new technologies that protect the environment and are consistent with our corporate goals. For more information on NU, please see our Web site at www.nu.com.
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