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Eversource Energy CEO Joe Nolan is “not interested” in the development of data centers in the company’s service territory, as it’s “only going to drive up the price of energy,” he said on the company’s first quarter earnings call on Thursday.
“It's of no value to our residential customer — actually, any customer,” Nolan said. “If you look at the volatility in ISO New England, there's not a very volatile market compared to PJM. So, I feel good about it.”
However, in its quarterly earnings report filed with the Securities and Exchange Commission, Eversource noted that ISO-NE “average market prices received for [Connecticut Light and Power’s] wholesale sales increased to an average price of $112.71 per MWh for the three months ended March 31, 2026, as compared to $99.02 per MWh for the same period in 2025.”
Nolan also said he’s “very encouraged” by the fact that the 700-MW Revolution Wind and 800-MW Vineyard Wind projects are “having a significant impact on pricing in the region … [coupled] with the fact that we are resisting data centers. I feel we're very well positioned to help our customers manage energy costs.”
