Rhode Island and Vermont
A portion of the wind energy generated from newly installed wind turbines located in PEI was wheeled through PEI and New Brunswick and sold to the New England Power Pool (NEPOOL) via the international interconnection node in Keswick, N.B. The renewable energy certificates (RECs) that were generated from this transmission were sold separately to independent buyers located in the NEPOOL.
While paper mills close and Cabletron spins off its remnants out of state, power plants from the Seacoast to Whitefield enjoy the perks of a poorly understood, $100-million subsidy program just for energy producers. It has a bureaucratic name: the forward capacity market. ...An unidentified 600-megawatt, gas-fired power plant project somewhere in Rockingham County is blocked behind half a dozen North Country renewable energy projects in the ISO-New England regulatory queue. The waiting list policy is first-come, first-served. A plant like that would typically pay its host community $4 million or more in property taxes, with few smokestack emissions. But those wind- and wood-fired projects at the front of the line are all in limbo. The Public Service power lines in the region are too small. Most of the players can't even bid into the upcoming ISO auction, because yet-to-be-built plants have to ante millions of dollars as a sort of performance bond. And the ISO doesn't make forward capacity payments for transmission line upgrades.
The New England power grid will have 30,345 megawatts available today - use is expected to peak at a record 28,030 megawatts, even after energy companies have put out a call for people to voluntarily reduce power consumption, she said.