Ocean State Power — Energy Portfolio Analysis

**Ocean State Power operates a highly concentrated portfolio consisting of 2 natural gas plants, totaling 561 MW, exclusively located in Rhode Island.**

Geographic Concentration in Rhode Island

• Ocean State Power's entire operational portfolio consists of 2 plants exclusively located in Rhode Island, totaling 561 MW.

• Both plants, Ocean State Power II (306.6 MW) and Ocean State Power (254.2 MW), are situated within Rhode Island, indicating a highly concentrated geographic footprint.

Exclusive Reliance on Natural Gas

• The company's operational fleet is entirely powered by Natural Gas, with all 2 plants and 561 MW of capacity utilizing this fuel source.

• The largest plant, Ocean State Power II at 306.6 MW, and the Ocean State Power plant at 254.2 MW, both use natural gas as their primary fuel.

Ocean State Power is grappling with significant operational issues and sustained community opposition, as indicated by recent news signals focusing on equipment failures, regulatory citations, and calls for plant phase-out.

Operational Challenges and Community Opposition Highlighted in Recent News

• Constraint signals indicate significant operational and regulatory issues for Ocean State Power in 2022, with three articles detailing an equipment failure and safety valve malfunction in May 2022, alongside 33 citations for emissions violations reported in January 2022.

• Context signals reveal ongoing community dissatisfaction, with two articles from 2020 and 2018 discussing calls from residents to phase out the Burrillville plant and historical opposition to the plant's site.

• A single Commitment signal in April 2022 notes Burrillville's signing of a five-year tax treaty with Ocean State Power, suggesting continued local operational agreements despite community opposition.

The prevalence of constraint and context signals over commitment signals suggests that Ocean State Power is facing significant operational and community relations challenges that may hinder future development or expansion, despite securing local tax agreements.

Ocean State Power currently has no active projects in the interconnection queue, indicating a strategic absence from new generation development initiatives.

Absence of New Development

• Ocean State Power currently has zero projects in the interconnection queue across all states and technologies. This indicates no active pipeline for new generation or energy storage development.

• The lack of queue projects suggests a strategic focus away from new build-out or a reliance on acquisition for portfolio growth, contrasting with entities actively expanding their operational footprint through greenfield development.