Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| 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 | IN FURTHERANCE OF ITS MISSION, NESCOE PARTICIPATED AND REGULARLY PLAYED AN IMPORTANT ROLE IN THE NEW ENGLAND ELECTRIC POWER SYSTEM STAKEHOLDER MEETINGS, WITH A FOCUS ON ISSUES ASSOCIATED WITH RESOURCE ADEQUACY AND SYSTEM PLANNING. IN THIS REGIONAL PROCESS AND MEETINGS, NESCOE REPRESENTED THE COLLECTIVE VIEWS OF THE NEW ENGLAND STATES AND ADVANCED PROPOSALS TO ENSURE APPROPRIATE PLANNING APPROACHES AND MARKET RULE DEVELOPMENT CONSISTENT WITH STATE OBJECTIVES AND CONSUMER INTERESTS. THROUGHOUT 2019, NESCOE REPRESENTED THE COLLECTIVE VIEWS OF THE NEW ENGLAND STATES - AND REGULARLY PLAYED AN IMPORTANT ROLE - IN SUBSTANTIVE NEW ENGLAND REGIONAL STAKEHOLDER FORUMS. 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 AS APPROPRIATE. ADDITIONALLY, NESCOE PARTICIPATED IN ISO NEW ENGLAND'S PLANNING ADVISORY COMMITTEE AND POWER SUPPLY PLANNING COMMITTEE. NESCOE ALSO PARTICIPATED IN VARIOUS WORKING GROUPS. IN 2019, NESCOE PARTICIPATED IN ISO NEW ENGLAND FORUMS AND FEDERAL- JURISDICTIONAL MATTERS CONCERNING RESOURCE ADEQUACY AND SYSTEM PLANNING- RELATED ISSUES WITH SIGNIFICANT IMPLICATIONS FOR NEW ENGLAND CONSUMERS. ISO NEW ENGLAND, STATES, MARKET PARTICIPANTS, AND STAKEHOLDERS REGULARLY EXPLORE MARKED-BASED SOLUTIONS TO EMERGING RISKS TO THE NEW ENGLAND POWER SYSTEM. IN 2019, NESCOE ADVANCED AND CONTRIBUTED TO THE DEVELOPMENT OF MARKET MECHANISMS RELATED TO THE REGION'S DIVERSE CHALLENGES. ISO NEW ENGLAND'S PROPOSED "ENERGY SECURITY IMPROVEMENTS" SOLUTIONS DOMINATED REGIONAL DISCUSSIONS THROUGHOUT 2019, NESCOE PARTICIPATED ACTIVELY IN THE OVERLAPPING WORK ON IMMEDIATE, INTERIM, AND LONG-TERM ENERGY SECURITY-RELATED SOLUTIONS, WHICH HAVE SUBSTANTIAL IMPLICATIONS FOR CONSUMER DOLLARS AND THE REGION'S RESOURCE MIX. THIS INCLUDED CONTINUED ACTIVITY IN CONNECTION WITH A FIRST-IN-THE-NATION, RATEPAYER-FUNDED "ENERGY SECURITY COST-OF-SERVICE CONTRACT" TO RETAIN A RESOURCE OUTSIDE OF THE COMPETITIVE WHOLESALE MARKETS. IN 2019, NESCOE ALSO ADVOCATED FOR REFORMS IN CONNECTION WITH TRANSMISSION INFRASTRUCTURE PLANNING AND COST CONTAINMENT. THIS INCLUDED, FOR EXAMPLE, COST CONTROLS IN COMPETITIVE TRANSMISSION PROCUREMENTS, OVERRELIANCE ON AN IMMEDIATE NEED EXCEPTION TO COMPETITIVE TRANSMISSION PLANNING PROCESSES UNDER ORDER 1000, AND THE REEVALUATION OF TRANSMISSION INCENTIVES POLICIES. |
| 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 | JEFFREY BENTZ 161 PLEASANT VIEW DRIVE SUFFIELD, CT 06078 DOROTHY CAPRA 6 STRAWBERRY HILL ROAD SOUTHBOROUGH, MA 01772 BENJAMIN D'ANTONIO 175 WIBIRD STREET PORTSMOUTH, NH 03801 JASON MARSHAL 60 CHILTON STREET, UNIT 2 CAMBRIDGE, MA 02138 |
| 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. |
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