Ensuring Safety and Reliability in Gas Distribution Industry
The Merrimack Valley incident led to industry-wide repercussions, prompting Eversource to take emergency action and focus on safety protocols. The acquisition of CMA assets posed unique challenges requiring a four-phase transition for safe and reliable service. Furthermore, settlement agreements were reached to provide clean energy benefits and arrearage forgiveness to customers, all while maintaining operational commitments. These actions reflect a dedication to enhancing safety, reliability, and customer satisfaction in the gas distribution sector.
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Presentation Transcript
Merrimack Valley Incident Bill Akley President, Gas Distribution
The Merrimack Valley Incident Horrific incident felt by entire industry Eversource asked by MA Governor to respond in emergency role ERP role focused on initial make-safe work 1 1
Post-Incident Actions Stop work, understand incident New protocols introduced, checks and balances Industry engagement Engineering out ability to have re-occurrence
Eversources Acquisition of CMA Assets Asset purchase with unique challenges Total focus on safe and reliable service, rebuilding trust and confidence Four-phase transition ES leadership and structure Full safety & reliability assessment Align standards, operating procedures, governance Implement risk-based investment plan 3 3
Other Key Aspects of CMA Asset Acquisition Capital investments for safety, reliability Recovery of capital provisions w/distribution rate freeze Pathways to decarbonize gas grid Additional customer benefits through synergies and savings 4 4
Settlement Agreement (ES/AG/DOER/Low-Income) Regulatory Model Provided for customer clean energy and arrearage forgiveness benefits - $56m Significant commitments Arrearage Forgiveness Fund Issue credits to low-income to forgive arrearages Operational and Gas Supply Commitments Safety assessment and implementation plan Comprehensive assessment of potential gas resource portfolio efficiencies Compliance with all provisions of consent order Long-term GSA between HOPCO and EGMA Service quality metrics, including metric on leak rates EE and Clean Energy Commitments Clean energy business case Maintain existing EE Plan for CMA Report on seasonal programs Heat pump pilot Gas demand response program 5 5
