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

Nisource, Columbia Merger to Cost 800 Jobs

LCG, Oct. 13, 2000-- Nisource Inc., which is acquiring Columbia Energy Group, announced Thursday it will cut 800 jobs, or about 5 percent of the companies' combined work force, when the merger is completed.

The company said the cuts will be made through involuntary terminations and early retirements. Employees leaving the companies involuntarily will be provided separation benefits as well as assistance in seeking new career opportunities.

Pink slips will be issued throughout the organization geographically and at all staff levels, Nisource said. Company spokeswoman Sally Anderson said a breakdown of job cuts in individual states was not available.

Nisource's acquisition of Columbia, which began as a hostile takeover, will create the largest U.S. gas utility east of Southern California. The new company will serve about 3.6 million gas and electric customers in nine states in the Midwest and Northeast.

The company said the "synergies" will save the two companies about $100 million next year and increase to $175 million in 2004.

Approval by the Securities and Exchange commission is the only remaining regulatory action required to complete the merger.

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