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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

Calpine Completes SkyGen Energy Purchase

LCG, Oct. 19, 2000--Calpine Corp. said yesterday it had completed the purchase of Northbrook, Ill.-based SkyGen Energy from its founder, Michael Polsky, and from Wisvest Corp., an affiliate of Wisconsin Energy Corp.

The acquisition, which cost Calpine $450 million plus the assumption of debt, will increase Calpine's natural gas-fired, modern power generation fleet by up to 13,500 net megawatts of capacity in key strategic power markets throughout the U.S., including a strong portfolio of cogeneration facilities with long-term power sales agreements.

Calpine also gets 34 General Electric 7 FA gas turbines to power its newly acquired developmentprojects.

Calpine will operate SkyGen as a subsidiary with Polsky as president. Polsky will also join Calpine's board of directors.

As a result of the acquisition Calpine has added to its portfolio three operating facilities, five projects under construction, 10 late-stage development facilities and 16 project development opportunities.

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