NEW: ISO New England imposed penalties of roughly $39 million on power plant operators for failing to provide reserves during a confluence of factors including extreme cold that hit Christmas Eve.
As New Englanders celebrated Christmas Eve, the power grid operator came closer to ordering rolling blackouts than it had in more than four years as several power plants failed to deliver on reserve capacity.
With the system maxed, and little safety net, the next step would have been to ask for voluntary conservation measures or rolling blackouts. Privacy rules prevented the power grid operator from publicly identifying the underperforming power plants and their owners, he said.
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