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Offshore Wind Projects Receive Boost from Massachusetts and Biden Administration

LCG, March 31, 2021--The Governor of Massachusetts signed legislation last Friday that authorizes the state to direct utilities to purchase an additional 2,400 MW of offshore wind energy by 2027.

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NV Energy's Greenlink Nevada Transmission Project Approved by PUCN

LCG, March 25, 2021--The Public Utilities Commission of Nevada (PUCN) on Monday approved proceeding with NV Energy's Greenlink Nevada transmission and renewable energy initiative. NV Energy's planned investment in Greenlink is over $2.5 billion.

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Industry News

Kansai Electric in U.S. Merchant Power Venture

LCG, Aug. 29, 2000--Kansai Electric Power Co., Japans second-largest electric utility, said this morning that will enter the U.S. merchant power market in a joint venture with the American investment bank Morgan Stanley Dean Witter.

The joint venture will cost between $50 million and $100 million to establish and will be owned equally by the two firms. It will be named Naniwa Energy.

The Osaka-based Kansai said it will send to the U.S. six gas turbines currently being used as peaking units in western Japan. Kansai said it would sell the units, which have a total capacity of 360 megawatts, to Naniwa for an undisclosed amount.

Naniwa expects to begin producing power in the U.S. by next June and will also trade electricity on the U.S. market through a new unit, Kansai said.

Japans electric industry is in the early stages of restructuring. In the latest move, independent power producers were allowed in March to begin selling power to industrial and commercial customers on bilateral contracts.

A Kansai official said operating the generating units in the U.S. and trading on the American power market will give his company first-hand experience in a deregulated electric industry.

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