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Coalition says risk‑control reforms and hires put joint reserves on stronger footing
Summary
CPCNH told Pembroke's committee an Energy Authority review produced seven recommendations after risk‑management problems; staff said six of seven were implemented in 2025, the coalition hired a finance director, and probabilistic forecasts indicate improving reserve trajectories.
CPCNH staff summarized an independent evaluation by the Energy Authority that identified shortcomings in past risk‑management controls and proposed seven recommendations; the coalition said six of the seven had been implemented in 2025. The presenter said the organization has also expanded internal capacity, including hiring a finance director, and reported improved probabilistic forecasting showing reserve growth trending toward or above the board's p50 assumptions.
The coalition described specific reserve figures during the presentation: "we're looking at ending this current rate period in a positive position with $2,300,000 accrued in joint reserves," the CPCNH director said, and staff explained the proposed reserve adder decrease from 2¢ to about 0.7¢ per kWh to help lower rates going forward. Committee members pressed staff on the causes of earlier negative balances and staff pointed to prior risk‑management failures and a severe high‑cost winter that used joint reserves to cover market costs.
