2026-09-23T15:36:05-04:00 2025-12-31 043584386 PAUL L MANCINONE CO PC 1441 MAIN STREET SUITE 220 SPRINGFIELD MA 01103 990 2025-01-01 274343680 NEW ENGLAND STATES COMMITTEE ON ELECTRICITY INC NEWE 2036107153 PO BOX 322 OSTERVILLE MA 02655 HEATHER HUNT EXECUTIVE DIRECTOR 2036107153 2026-09-23 true PAUL L MANCINONE P00295448 4133018201 2026-09-23 2025 NESCOE INC HEATHER HUNT PO BOX 322 OSTERVILLE MA 02655 1647433 false X WWW.NESCOE.COM X 2010 CT NESCOE IS RECOGNIZED BY THE FEDERAL ENERGY REGULATORY COMMISSION AS NEW ENGLAND'S REGIONAL STATE COMMITTEE. NESCOE'S MISSION IS TO REPRESENT THE INTERESTS OF THE CITIZENS OF THE REGION BY ADVANCING POLICIES DESIGNED TO PROVIDE ELECTRICITY AT THE LOWEST POSSIBLE PRICE OVER THE LONG TERM, CONSISTENT WITH MAINTAINING RELIABLE SERVICE AND ENVIRONMENTAL QUALITY. NESCOE SEEKS TO ACCOMPLISH ITS OBJECTIVES IN THE CONTEXT OF A COMPETITIVE WHOLESALE ELECTRICITY MARKET, AND IT STRIVES TO ADVANCE ITS MISSION THROUGH COLLABORATIVE WORK WITH ISO-NE, THE NEW ENGLAND POWER POOL, AND OTHER REGIONAL STAKEHOLDERS. 6 6 5 0 1762871 1609830 0 52726 37603 0 1815597 1647433 0 0 1124331 1138647 0 0 568077 772229 1692408 1910876 123189 -263443 2257705 2001902 165254 172894 2092451 1829008 X NESCOE'S MISSION IS TO REPRESENT THE INTERESTS OF THE CITIZENS OF THE NEW ENGLAND REGION BY ADVANCING POLICIES THAT WILL PROVIDE ELECTRICITY AT THE LOWEST POSSIBLE PRICE OVER THE LONG TERM, CONSISTENT WITH MAINTAINING RELIABLE SERVICE AND ENVIRONMENTAL QUALITY. THROUGH COLLABORATION WITH STAKEHOLDERS AND PRESENTATION OF NESCOE'S VIEWS, IT ADVANCES POLICIES WHICH SEEK TO FACILITATE THE EFFICIENT DEVELOPMENT POWER GENERATION, DEMAND MANAGEMENT AND TRANSMISSION RESOURCES TO RELIABLY SERVE N.E. CUSTOMERS. false false 1884501 THROUGHOUT 2025, NESCOE REPRESENTED THE COLLECTIVE VIEWS OF THE NEW ENGLAND STATES, AND REGULARLY PLAYED AN IMPORTANT ROLE IN SUBSTANTIVE NEW ENGLAND REGIONAL STAKEHOLDER FORUMS, AND BEFORE THE FEDERAL ENERGY REGULATORY COMMISSION, CONCERNING RESOURCE ADEQUACY AND SYSTEM PLANNING-RELATED ISSUES WITH SIGNIFICANT IMPLICATIONS FOR NEW ENGLAND CONSUMERS. THIS INCLUDED NESCOE'S REGULAR PARTICIPATION IN NEW ENGLAND POWER POOL'S PARTICIPANTS, RELIABILITY, TRANSMISSION, AND MARKETS COMMITTEE MEETINGS. NESCOE ALSO OFFERED PROPOSALS IN CONNECTION WITH PLANNING AND MARKET RULE CHANGES TO ADVANCE CONSUMER INTERESTS AND STATES' SHARED ENERGY OBJECTIVES. ADDITIONALLY, NESCOE PARTICIPATED IN ISO NEW ENGLAND'S PLANNING ADVISORY COMMITTEE AND POWER SUPPLY PLANNING COMMITTEE. NESCOE ALSO MONITORED VARIOUS WORKING GROUPS. THROUGHOUT 2025, NESCOE SPENT CONSIDERABLE TIME WORKING TO IMPROVE THE TRANSPARENCY AROUND AND OVERSIGHT OF ASSET CONDITION SPENDING, INCLUDING BUT NOT LIMITED TO WORK ON THE DEVELOPMENT OF A NEW ASSET CONDITION REVIEWER FUNCTION WITHINT ISO-NEW ENGLAND. CONCURRENTLY, NESCOE ACTIVELY ENGAGED IN THE EVALUATION OF PROPOSED ASSET CONDITION PROJECTS PRESENTED TO THE PLANNING ADVISORY COMMITTEE. NESCOE CONTINUED ITS APPEAL OF FERC ORDER 1920 REGARDING REGIONAL TRANSMISSION PLANNING AND COST ALLOCATION, FOCUSED ON THE TRANSPARENCY OF ASSET CONDITION PROJECT SPENDING. NESCOE NEGOTIATED COST MANAGEMENT, CONTAINMENT, AND TRANSPARENCY COMMITMENTS FROM TWO TRANSMISSION OWNERS OF THE U.S. DEPARTMENT OF ENERGY- SUPPORTED POWER UP NEW ENGLAND INFRASTRUCTURE PROJECT. IN RELATION TO LONGER-TERM REGIONAL TRANSMISSION PLANNING, NESCOE WORKED ON ADVANCING THE REGION'S FIRST LONGER-TERM TRANSMISSION PLANNING SOLICITATION, ISSUED BY ISO-NEW ENGLAND IN MARCH 2025 TO STRENTHEN NORTH- SOUTH NEW ENGLAND INTERCONNECTION. IN 2025, TO PROMOTE ADDITIONAL TRANSPARENCY IN ELECTRICITY RATES AND TO PROTECT CONSUMERS, NESCOE CONDUCTED AN INVESTIGATION INTO THE TRANSMISSION OWNERS' REGIONAL NETWORK SERVICE RATE ANNUAL UPDATE FILING. FOLLOWING ITS INVESTIGATION, NESCOE MADE INFORMAL CHALLENGES UNDER THE REGION'S FORMULA PROTOCOLS, MANY OF WHICH RESULTED IN SAVINGS TO CONSUMERS. IN CONNECTION WITH WHOLESALE MARKET REFORMS, THROUGHOUT 2025, NESCOE ACTIVELY PARTICIPATED IN THE DEVELOPMENT OF CAPACITY AUCTION REFORM PROVISIONS (CAR-PD), WHICH REACHED NEAR UNANIMOUS REGIONAL STAKEHOLDER SUPPORT AND WERE FILED WITH FERC IN LATE 2025; MONITORED THE 2025 IMPLEMENTATION OF DAY-AHEAD ANCILLARY SERVICES MARKET DESIGN; ENGAGED ON THE DEVELOPMENT OF SEASONAL CAPACITY MARKET AND RESOURCE ACCREDITATION REFORMS (CAR-SA); AND FILED COMMENTS AT FERC SUPPORTING RESOURCE PERFORMANCE PROTECTIONS FOLLOWING A RECORD HEATWAVE SCARCITY EVENT. IN CONNECTION WITH EMERGING LARGE LOAD ISSUES, IN 2025, NESCOE FILED COMMENTS WITH FERC IN A NEWLY OPENED RULEMAKING CONCERNING THE INTERCONNECTION OF LARGE ELECTRIC LOADS (INCLUDING DATA CENTERS), ASSERTING THAT THE ACCELERATED TIMELINE WOULD PRECLUDE MEANINGFUL STATE AND STAKEHOLDER PARTICIPATION AND WOULD ENCROACH ON STATES' EXCLUSIVE JURISDICTION OVER RETAIL ELECTRIC SERVICE UNDER THE FEDERAL POWER ACT. NESCOE ALSO COMMENCED REGIONAL STATE DISCUSSIONS ABOUT LARGE LOAD CHALLENGES AND OPPORTUNITIES AND CONSUMER IMPLICATIONS. 1884501 false true false false false false false false false true false false false false false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false true 7 0 5 true false false false false false false false false X 6 6 false false false false false true false true true true false false true true true true true false false false X HEATHER HUNT 2036107153 PO BOX 322 OSTERVILLE MA 02655 KATIE DYKES CONNECTICUT MANAGER 2.00 X 0 0 0 PHILLIP BARTLETT II MAINE MANAGER 2.00 X 0 0 0 JASON MARSHALL MASSACHUSETTS MANAGER 2.00 X 0 0 0 MARY NUARA MASSACHUSETTS MANAGER 2.00 X 0 0 0 JARED CHICOINE NEW HAMPSHIRE MANAGER 2.00 X 0 0 0 DANIEL PHELAN NEW HAMPSHIRE MANAGER 2.00 X 0 0 0 KERRICK JOHNSON VERMONT MANAGER 2.00 X 0 0 0 TJ POOR VERMONT MANAGER 2.00 X 0 0 0 RONALD GERWATOWSKI RHODE ISLAND MANAGER 2.00 X 0 0 0 CHRISTOPHER KEARNS RHODE ISLAND MANAGER 2.00 X 0 0 0 HEATHER HUNT EXECUTIVE DI 40.00 X 247761 0 20323 SHANNON BEALE EMPLOYEE X 168730 0 6749 JEFFREY BENTZ EMPLOYEE X 178572 0 7143 SHEILA KEANE EMPLOYEE X 181845 0 8678 NATHAN FORSTER EMPLOYEE X 200096 0 8004 977004 50897 5 false true false GDS ASSOCIATES INC 1850 PARKWAY PLACE SUITE 800 MARIETTA GA 30067 TECH CONSULTING 270467 OXFORD POWER SYSTEMS LLC 18 BEN MERRILL ROAD CLINTON CT 06413 TECH CONSULTING 143475 2 1609830 1609830 37603 37603 1647433 37603 247761 247761 762382 762382 39664 39664 18379 18379 70461 70461 21375 21375 3029 3029 15019 15019 2527 556 1971 48078 48078 110 110 5782 5782 TECHNICAL CONSULTING 598302 598302 LEGAL (FERC) SERVICES 48735 48735 DUES AND SUBSCRIPTIONS 19376 19376 TELEPHONE & COMMUNICATION 9896 9896 1910876 1884501 26375 0 102000 50435 1876827 1694843 273621 251477 54386 49239 5257 5147 2257705 2001902 165254 172894 165254 172894 X 2092451 1829008 2092451 1829008 2257705 2001902 -263443 X false true X false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54386 49239 5147 5147 1647433 1647433 1647433 1910876 1910876 1910876 false false false false false false false false false HEATHER HUNT EXECUTIVE DIRECTOR 247761 10194 10129 268084 SHANNON BEALE EMPLOYEE 168730 6749 175479 JEFFREY BENTZ EMPLOYEE 178572 7143 185715 SHEILA KEANE EMPLOYEE 181845 7494 1184 190523 NATHAN FORSTER EMPLOYEE 200096 8004 208100 FORM 990 - ORGANIZATION'S MISSION NESCOE'S MISSION IS TO REPRESENT THE INTERESTS OF THE CITIZENS OF THE NEW ENGLAND REGION BY ADVANCING POLICIES THAT WILL PROVIDE ELECTRICITY AT THE LOWEST POSSIBLE PRICE OVER THE LONG TERM, CONSISTENT WITH MAINTAINING RELIABLE SERVICE AND ENVIRONMENTAL QUALITY. THROUGH COLLABORATION WITH STAKEHOLDERS AND PRESENTATION OF NESCOE'S VIEWS, IT ADVANCES POLICIES WHICH SEEK TO FACILITATE THE EFFICIENT DEVELOPMENT POWER GENERATION, DEMAND MANAGEMENT AND TRANSMISSION RESOURCES TO RELIABLY SERVE N.E. CUSTOMERS. FORM 990, PAGE 2, PART III, LINE 4A THROUGHOUT 2025, NESCOE REPRESENTED THE COLLECTIVE VIEWS OF THE NEW ENGLAND STATES, AND REGULARLY PLAYED AN IMPORTANT ROLE IN SUBSTANTIVE NEW ENGLAND REGIONAL STAKEHOLDER FORUMS, AND BEFORE THE FEDERAL ENERGY REGULATORY COMMISSION, CONCERNING RESOURCE ADEQUACY AND SYSTEM PLANNING-RELATED ISSUES WITH SIGNIFICANT IMPLICATIONS FOR NEW ENGLAND CONSUMERS. THIS INCLUDED NESCOE'S REGULAR PARTICIPATION IN NEW ENGLAND POWER POOL'S PARTICIPANTS, RELIABILITY, TRANSMISSION, AND MARKETS COMMITTEE MEETINGS. NESCOE ALSO OFFERED PROPOSALS IN CONNECTION WITH PLANNING AND MARKET RULE CHANGES TO ADVANCE CONSUMER INTERESTS AND STATES' SHARED ENERGY OBJECTIVES. ADDITIONALLY, NESCOE PARTICIPATED IN ISO NEW ENGLAND'S PLANNING ADVISORY COMMITTEE AND POWER SUPPLY PLANNING COMMITTEE. NESCOE ALSO MONITORED VARIOUS WORKING GROUPS. THROUGHOUT 2025, NESCOE SPENT CONSIDERABLE TIME WORKING TO IMPROVE THE TRANSPARENCY AROUND AND OVERSIGHT OF ASSET CONDITION SPENDING, INCLUDING BUT NOT LIMITED TO WORK ON THE DEVELOPMENT OF A NEW ASSET CONDITION REVIEWER FUNCTION WITHINT ISO-NEW ENGLAND. CONCURRENTLY, NESCOE ACTIVELY ENGAGED IN THE EVALUATION OF PROPOSED ASSET CONDITION PROJECTS PRESENTED TO THE PLANNING ADVISORY COMMITTEE. NESCOE CONTINUED ITS APPEAL OF FERC ORDER 1920 REGARDING REGIONAL TRANSMISSION PLANNING AND COST ALLOCATION, FOCUSED ON THE TRANSPARENCY OF ASSET CONDITION PROJECT SPENDING. NESCOE NEGOTIATED COST MANAGEMENT, CONTAINMENT, AND TRANSPARENCY COMMITMENTS FROM TWO TRANSMISSION OWNERS OF THE U.S. DEPARTMENT OF ENERGY- SUPPORTED POWER UP NEW ENGLAND INFRASTRUCTURE PROJECT. IN RELATION TO LONGER-TERM REGIONAL TRANSMISSION PLANNING, NESCOE WORKED ON ADVANCING THE REGION'S FIRST LONGER-TERM TRANSMISSION PLANNING SOLICITATION, ISSUED BY ISO-NEW ENGLAND IN MARCH 2025 TO STRENTHEN NORTH- SOUTH NEW ENGLAND INTERCONNECTION. IN 2025, TO PROMOTE ADDITIONAL TRANSPARENCY IN ELECTRICITY RATES AND TO PROTECT CONSUMERS, NESCOE CONDUCTED AN INVESTIGATION INTO THE TRANSMISSION OWNERS' REGIONAL NETWORK SERVICE RATE ANNUAL UPDATE FILING. FOLLOWING ITS INVESTIGATION, NESCOE MADE INFORMAL CHALLENGES UNDER THE REGION'S FORMULA PROTOCOLS, MANY OF WHICH RESULTED IN SAVINGS TO CONSUMERS. IN CONNECTION WITH WHOLESALE MARKET REFORMS, THROUGHOUT 2025, NESCOE ACTIVELY PARTICIPATED IN THE DEVELOPMENT OF CAPACITY AUCTION REFORM PROVISIONS (CAR-PD), WHICH REACHED NEAR UNANIMOUS REGIONAL STAKEHOLDER SUPPORT AND WERE FILED WITH FERC IN LATE 2025; MONITORED THE 2025 IMPLEMENTATION OF DAY-AHEAD ANCILLARY SERVICES MARKET DESIGN; ENGAGED ON THE DEVELOPMENT OF SEASONAL CAPACITY MARKET AND RESOURCE ACCREDITATION REFORMS (CAR-SA); AND FILED COMMENTS AT FERC SUPPORTING RESOURCE PERFORMANCE PROTECTIONS FOLLOWING A RECORD HEATWAVE SCARCITY EVENT. IN CONNECTION WITH EMERGING LARGE LOAD ISSUES, IN 2025, NESCOE FILED COMMENTS WITH FERC IN A NEWLY OPENED RULEMAKING CONCERNING THE INTERCONNECTION OF LARGE ELECTRIC LOADS (INCLUDING DATA CENTERS), ASSERTING THAT THE ACCELERATED TIMELINE WOULD PRECLUDE MEANINGFUL STATE AND STAKEHOLDER PARTICIPATION AND WOULD ENCROACH ON STATES' EXCLUSIVE JURISDICTION OVER RETAIL ELECTRIC SERVICE UNDER THE FEDERAL POWER ACT. NESCOE ALSO COMMENCED REGIONAL STATE DISCUSSIONS ABOUT LARGE LOAD CHALLENGES AND OPPORTUNITIES AND CONSUMER IMPLICATIONS. FORM 990, PAGE 6, PART VI, LINE 7A THE MANAGERS OF NESCOE, REPRESENTING EACH OF THE SIX NEW ENGLAND STATES, ARE EACH APPOINTED BY THEIR RESPECTIVE STATE GOVERNOR. FORM 990, PAGE 6, PART VI, LINE 9 SHANNON BEALE 19 WINSLOW ROAD NATICK, MA 01760 JEFFREY BENTZ 161 PLEASANT VIEW DRIVE SUFFIELD, CT 06078 SHEILA KEANE 1 MACKENZIE COURT ANDOVER, MA 01810 NATHAN FORSTER 9 RUBLEE STREET ARLINGTON, MA 02476 FORM 990, PAGE 6, PART VI, LINE 11B ALL MANAGERS ARE PROVIDED A DRAFT COPY OF FORM 990 FOR REVIEW AND COMMENT. UPON APPROVAL OR WITHOUT OBJECTION, THE RETURN IS ACCEPTED AS PREPARED AND FILED. FORM 990, PAGE 6, PART VI, LINE 12C EXECUTIVE DIRECTOR MONITORS FOR ANY CONFLICT OF INTERESTS. EXECUTIVE DIRECTOR REVIEWS AND APPROVES ALL EXPENDITURES, WITH NO ISSUES THAT WOULD GIVE RISE TO ANY INQUIRY OF POTENTIAL CONFLICT IN CONNECTION WITH MANAGERS OR KEY EMPLOYEES. NO DISCLOSURES WERE MADE BY MANAGERS OR KEY EMPLOYEES THAT REQUIRED SCRUTINY RELATIVE TO NESCOE FUNDS. FORM 990, PAGE 6, PART VI, LINE 19 NESCOE HAS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, UPON REQUEST.