“Financing for the Killingly Energy Center is imminent, and this filing will only further delay this much-needed source of cleaner, more affordable energy,” Eves said. Eves said the grid operator made an “incorrect assumption” about a deadline date for financing. Tim Eves, NTE Energy’s managing partner for development, in an emailed statement said the company is disappointed ISO-NE has decided to end the contract. If they are still not able to meet the deadlines, the grid operator can ask FERC for permission to end the contract. Courtesy: NTE Energy Generation Obligationsĭevelopers of projects chosen in the forward capacity auction, if they have problems meeting those development deadlines, are given two years to find other energy providers who can cover their obligations to produce capacity for the power grid. Grid operator ISO-New England, which had contracted for the plant’s generation capacity, has asked the Federal Energy Regulatory Commission to dissolve the contract for the plant, which was planned by NTE Energy. Construction of the 650-MW Killingly natural gas-fired plant in Connecticut, shown here in an artist’s rendering, has been stalled due to permitting delays. ISO-NE is scheduled in February to pick future power generation projects for the grid operator’s support. The grid operator asked FERC to issue an order within 60 days from the date of the letter and set a date of Jan. The grid operator’s letter to FERC in part says that after discussions with NTE Energy, ISO-NE is “exercising its right to seek to terminate Killingly’s CSO.” FERC’s acceptance of ISO-NE’s request would enable the grid operator to “draw down the financial assurance” NTE Energy was required to provide to back up the utility’s commitment to the project.įERC’s approval would enable ISO-NE to remove Killingly’s qualified generation capacity from future plans. ISO-New England said that projects that secure funding through the auction process must meet development milestones, including financing, permitting, orders for major equipment, and operational startup, but Killingly remains in limbo, prompting the grid operator to ask FERC to end the contract for the plant. The Killingly Energy Center most recently was expected to begin operating in 2024, according to NTE Energy’s project website, which said construction would begin this year, although no ground has been broken. ISO-NE in its filing said, “Killingly was required to achieve commercial operation on June 1, 2022.” Construction Yet to Begin
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The ISO said its monitoring of the project’s progress found NTE Energy would not hit its “critical path schedule milestones” until more than two years after the start of the agreed-on commitment period.
4 letter to FERC asked the agency for authorization to cut Killingly from future power considerations, known as Capacity Supply Obligation (CSO) plans. NTE Energy secured an obligation in ISO-NE’s 2019 energy supply auction for the 2022-23 supply period, meaning it agreed to produce a certain amount of power at a specific cost that would be funneled into the larger New England power grid. The future of a natural gas-fired power plant planned in northeastern Connecticut is in jeopardy after regional grid operator ISO-New England (ISO-NE) asked the Federal Energy Regulatory Commission (FERC) for permission to end a capacity contract with the project.įlorida-based NTE Energy’s plan to build the 650-MW Killingly Energy Center has been delayed due to permitting issues.
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