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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

California Capsule: Davis Says Deal for PG&E Wires Near

LCG, March 1, 2001California Gov. Gray Davis told Wall Street analysts yesterday that he was making progress with Pacific Gas & Electric Co. as part of a state bid to take over the electric transmission facilities of California's three investor-owned utilities.

About three-quarters of the California grid was built over much of the last century by PG&E, Southern California Edison Co. and San Diego Gas & Electric Co. Last Friday, Davis said SoCal Edison had agreed to sell its transmission facilities to the state for $2.76 billion, a figure that would place a value of about $9 billion on the entire package.

On Tuesday, Davis said he expected the entire deal to be wrapped up in four weeks, at the outside. Yesterday, he said he hoped to have a final deal with SoCal Edison completed in less than 30 days. As to PG&E, the governor said "We have made some progress with them in the last couple of days."

But the lights are still on in the Golden State, though it may be temporary.

  • The California Independent System Operator, after four days of fairly easy sledding, yesterday declared a Stage 2 power emergency at 9:40 a.m. Cal-ISO said 10,600 megawatts of California power plants were off-line because of planned and forced outages and two plants in Montana and another in Oregon were lost to the regional grid. The agency this morning was predicting "deficiencies" for today.

  • Independent power producer Calpine Corp. said it has agreed to two more deals to sell the California Department of Water Resources power under long-term contracts. In one, the company will sell 1,000 megawatts of electricity to the state under a 10-year contract for up to $5.2 billion. In a separate 20-year deal, Calpine agreed to provide the state with up to 495 megawatts of peaking power for up to $3.1 billion. Those deals are on top of an agreement announced last month under which Calpine will sell California 1,000 megawatts of baseload power for 10 years on a $4.6 billion contract.

  • Environmentalists in California have urged Davis to acquire scenic lands owned by PG&E, SoCal Edison and SDG&E, as well as their transmission facilities. The utilities own those properties in connection with hydroelectric facilities and transmission corridors.

  • Loretta Lynch, president of the California Public Utilities Commission, told a luncheon news conference yesterday "From my perspective, the system that we created was built on a theory and a hope and a promise, and that promise is unrealized and the theory was faulty and so therefore the hope remains unfulfilled." That sums it up.

  • Southern California Gas Co. said yesterday it will purchase up to 30 million cubic feet of natural gas per day for PG&E to resell to its gas customers. SoCal Gas will add a "marginal markup" to its cost and rely on PG&E's bills to its customers for security on the deal. Separately, PG&E said easing wholesale gas prices will be passed along to retail customers, who should see a drop of about 16 percent under lower rates which will take effect next Wednesday.

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