ISO New England board member steps down

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Holyoke, Mass., September 28, 2010 — ISO New England announced that a member of its board of directors, Richard E. Kessel, has resigned. Kessel has accepted a position with a market participant, which prevents his continued service on the board.

“On behalf of the ISO, I would like to thank Rich for his years of service to the ISO’s Board,” said Vin O’Reilly, Chairman of the Board of ISO New England. “We wish him all the best in his new endeavors.” Kessel joined the board of directors in June 2007.

During his time on the board, Kessel has made significant contributions both as chair of the compensation and Human Resources Committee, which has worked effectively with management to control health care costs, and the System Planning and Reliability Committee, which has overseen the planning of major transmission upgrades in the region.

“Rich has been a dedicated board member, and his contributions to the ISO will be greatly missed,” said Gordon van Welie, President and CEO of ISO New England and a member of the Board.

ISO New England Board members are subject to the company’s code of conduct including a provision that no officer or employee of the company can have a financial interest in any company participating in New England’s wholesale markets.

ISO New England will now work with a nominating committee comprised of representatives from the ISO New England Board, the New England Power Pool, and the state regulatory group, the New England Conference of Public Utilities Commissioners, to find a replacement.

Created in 1997, ISO New England is the independent, not-for-profit corporation responsible for reliably operating New England’s bulk electric power generation and transmission system, overseeing and ensuring the fair administration of the region’s wholesale energy markets, and managing comprehensive regional electric power planning.

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