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

Dominion Resources Completes Exit from Latin America

LCG, Oct. 13, 2000Sempra Energy International, a subsidiary of utility holding company Sempra Energy Inc., said yesterday it has completed the purchase of Dominion Resources Inc. natural gas and electricity assets in Argentina for $145 million.

The deal, which has been approved by Argentine anti-trust authorities, completes Dominion's exit from Latin America.

Thomas E. Capps, Dominion's chairman, president and chief executive, said "The transaction will enable Dominion to enhance the company's debt structure and de-leverage its balance sheet. And itadvances our long-term strategy to divest non-core assets and focus our resources on energy markets in the Midwest, Northeast and Mid-Atlantic regions of the United States."

The principal asset Sempra acquired was an additional 21.5 percent interest in Sodigas Pampeana and Sodigas Sur, raising its total stake to 43 percent. The Sodigas firms are holding companies for Camuzzi Gas Pampeana and Camuzzi Gas del Sur, which serve a combined 1.2 million customers in central and southern Argentina.

Camuzzi Argentina owns the controlling 57 percent interest in the Sodigas companies. Sempra agreed to sell one of the assets acquired from Dominion, a 25 percent interest in Baeco which is a holding company for electric distributor Empresa Distribuidora de Energia Atlantica, to Camuzzi for an undisclosed sum.

Camuzzi Argentina is a subsidiary of Italian Camuzzi Gazometri.

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