HARTFORD, Conn. (AP) — New England’s electric grid operator agreed to cut nearly $3 million in spending and end a pension plan for new employees in a settlement filed with federal regulators on Monday in response to complaints of excessive spending from officials in four states.
In the agreement filed with the Federal Energy Regulatory Commission, ISO-New England also promised to provide spending details to attorneys general and consumer advocates in Connecticut, Maine, New Hampshire and Rhode Island. Officials in those states complained last year to federal regulators that ISO-New England’s $165 million budget request for 2013 had “grown exponentially, seemingly without regard to poor economic conditions.”
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