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Renewable Outlook A Buyer’s Perspective Restructuring Roundtable September 17, Ellen K Angley Vice President, Energy Supply & Supply Chain Management

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NSTAR is focused on developing cost-effective energy solutions for our customers

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The sheer volume of renewable public policy initiatives bodes well for the market
Federal
Federal Energy Regulatory Commission Transmission Notice of Proposed Rulemaking
Investment/Production Tax Credits
DOE funded Eastern Interconnection Planning Collaborative
Regional
New England Governors’ Renewable Energy Blueprint
New England States Committee on Electricity Coordinated Procurement Initiatives
Regional Greenhouse Gas Initiative
Massachusetts
Green Communities Act
Increased Renewable Portfolio Standards
Electric Distribution Company Long term contracting
Greenhouse Gas Initiative
Ocean Sanctuaries Act

4. Both short & long term challenges exist for renewable development
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Both short & long term challenges exist for renewable development
RPS
Solar carve out market has a complex market design
Class II REC market has not emerged
No bidders in APS solicitations
Biomass eligibility
Long Term Contracting
52 bids/35 projects/500 MW (conforming)
Fraught with legal challenges
Economics
Low gas & electric prices create significant economic challenges
Transmission policy needs to evolve to encourage the best renewable siting

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Renewable potential to the north requires a more robust transmission infrastructure

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Restructured markets require solutions beyond long term contracts with EDCs

7. Policy solutions that will enable the long term success of renewables
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Policy solutions that will enable the long term success of renewables
Transmission policies should reflect the need for a different model for renewables
Focus on developing the most cost effective resources
Broad recognition of market restructuring