CPCNH introduced Rashidita Maruda as Director of Finance and Bill Bullock as Director of Power Operations. Maruda, with over 15 years of experience in public agency and utility finance, previously managed a $3.8 billion capital program at Massport. Bullock brings 25 years of experience in power generation and energy supply, previously contributing to a 100% net renewable resource plan. Maruda stated her immediate focus was establishing internal financial controls to prepare the organization for future financing needs. The organization is currently constructing the 2027 budgets. No votes, appointments, public hearings, or budget dollar amounts were specified during the meeting.
CPCNH engaged with 60 bills this session. Of the 15 supported, eight went to the governor, including House Bill 1718 (storage and net metering), Senate Bill 590 (municipal revolving funds), Senate Bill 538 (extending municipal net metering eligibility to 20 years), House Bill 1535 (landfill gas RPS eligibility), and House Bill 1742 (customer enrollment protections). Two opposed bills died, including House Bill 10002 (solar tax exemption repeal). Two opposed utility ownership bills, Senate Bill 591 and House Bill 1775, are advancing. On the regulatory side, Unitil proposed a rate of 4.269 cents, while CPCNH supported a 17.7 cent rate for Liberty to avoid rate shock ahead of PUC decisions expected Friday. CPCNH continues to participate in the DOE nuclear generation investigation.
Source: https://www.youtube.com/watch?v=5igez63DElo
During the May 22, 2026 CPCNH office hours, Andrew Perventure and Nick Gosling provided media training for member representatives. No votes were taken or budget items discussed. Speakers emphasized that member representatives should refer policy, legal, financial, or rate-related media inquiries to CPCNH staff via Jackson rather than answering directly. CPCNH staff will identify the appropriate spokespersons. Regarding local topics, representatives may speak from experience but should notify the staff of the interaction. Best practices include assuming on-the-record status, avoiding speculation, and avoiding "no comment" responses. A media inquiries guide and the meeting recording were distributed to attendees. Executive Director Henry H. Hearnen is slated to discuss the timeline for upcoming rates. The recording will be available online by Tuesday.
Source: https://www.youtube.com/watch?v=kDwSmMiuX60
The CPCNH board approved opposing House Bill 1002, which would repeal the solar energy system tax exemption, due to concerns over economic impacts. The ARLAC committee, now comprising nine regular and two alternate members, reviews and recommends positions on bills for final board approval. On House Bill 723 regarding data platforms, the Senate Energy and Natural Resources Committee voted 3-2 in favor, prompting CPCNH to oppose it. Upcoming events include an advocacy toolkit distribution and a legislative boot camp focused on engagement strategies scheduled for January 23. The updated CPCNH bill tracker is expected in early January to reflect 2026 legislative positions.
Source: https://www.youtube.com/watch?v=uIeMAO3-Nhg
CPCNH reported a $3 million loss for 2025 and a negative $6.5 million reserve balance as of early 2026. Key costs included $96 million in hedging, $51 million in ISO settlements, and $12.6 million for renewable energy credits. No formal votes or appointments occurred during this April 24, 2026 session. Speakers explained that 2025 financial difficulties, referred to as "oops," resulted from deviating from minimum hedge requirements and exposure to expensive spot markets. To address liquidity, CPCNH established reserve policies targeting 120 days of operations plus a 30-day revolving loan, though the current position is significantly lower. Staff aims to improve cash management and financial reporting accuracy. The organization conducted a customer refresh in March 2026 to offset winter opt-outs. The annual meeting was scheduled for April 30, 2026.
Source: https://www.youtube.com/watch?v=z7Bn-zMAvy4