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

Conectiv Getting Out of the Plumbing Business

LCG, Oct. 11, 2000--Conectiv Inc. said yesterday that it has sold a division of Conectiv Services located in southern Delaware and eastern Maryland to its employees for an undisclosed sum. The business sold is a plumbing, heating and cooling contractor in both the residential and commercial markets.

Howard E. Cosgrove, chief executive of Conectiv, said "The proceeds will be redeployed into our core business." The company, the product of the merger between Delmarva Power & Light Co. and Atlantic Electric Co., was once an electric utility. It now sees itself as an operator of peaking power plants.

Cosgrove said "Conectiv is making steady progress towards our goal of establishing a leadingposition in the mid-merit generation market within the PJM power pool. Combined with our powerdelivery business, this strategy will allow us to meet the region's growing need for power in a mannerthat creates growth and value for shareholders."

"Mid-merit" means plants that can be started quickly when the price of power is high and shut off when the price begins to drop.

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