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, THROUGHOUT 2020, 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. ADDITIONALLY, NESCOE PARTICIPATED IN ISO NEW ENGLAND'S PLANNING ADVISORY COMMITTEE AND POWER SUPPLY PLANNING COMMITTEE. NESCOE ALSO PARTICIPATED IN VARIOUS WORKING GROUPS. IN 2020, 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 (ISO-NE), STATES, MARKET PARTICIPANTS, AND STAKEHOLDERS REGULARLY EXPLORE MARKET-BASED SOLUTIONS TO EMERGING RISKS TO THE NEW ENGLAND POWER SYSTEM. IN 2020, NESCOE ADVANCED AND CONTRIBUTED TO THE DEVELOPMENT OF MARKET MECHANISMS RELATED TO THE REGION'S DIVERSE CHALLENGES. IN 2020, ISO NEW ENGLAND'S "ENERGY SECURITY IMPROVEMENTS" PROPOSAL CONTINUED TO DOMINATE REGIONAL DISCUSSIONS. NESCOE PARTICIPATED ACTIVELY IN THE REGION'S WORK ON SOLUTIONS, WHICH HAD SUBSTANTIAL IMPLICATIONS FOR CONSUMER DOLLARS AND THE REGION'S RESOURCE MIX. NESCOE PROTESTED ISO NEW ENGLAND'S PROPOSED ENERGY SECURITY IMPROVEMENTS PROGRAM AND SUPPORTED AN ALTERNATIVE APPROACH TO MITIGATE SOME OF THE HARM FROM A PROGRAM WITH UNNECESSARY AND EXCESSIVE CONSUMER COSTS. IN 2020, NESCOE ISSUED A "VISION STATEMENT" THAT IDENTIFIED THE NEED FOR SIGNIFICANT CHANGE IN THREE CORE AREAS OF THE REGIONAL ELECTRICITY SYSTEM: WHOLESALE ELECTRICITY MARKET DESIGN, TRANSMISSION SYSTEM PLANNING, AND ISO NEW ENGLAND (ISO-NE) GOVERNANCE, AND CONDUCTED ANALYSIS TO ADVANCE THAT PROCESS. NESCOE ALSO CONTINUED TO EXPLORE, WITH ISO-NE AND MARKET PARTICIPANTS, POTENTIAL MARKET FRAMEWORKS THAT COULD FACILITATE THE EVOLUTION OF NEW ENGLAND'S POWER GRID IN LIGHT OF STATE ENERGY MANDATES AND 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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