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

Nevada Wants Utilities to Keep Their Power Plants

LCG, March 9, 2001The Nevada Public Utilities Commission yesterday began proceeding that would block the sale of power plants belonging to the state's two electric utilities, Nevada Power Co. and Sierra Pacific Power Co., both subsidiaries of Sierra Pacific Resources Inc.

The PUC said the move was the result of concern that Nevadans would not have enough power to meet growing demand. Casting an eye westward to California, regulators are worried that the state's electricity supply might be controlled by out-of-state power producers.

Chairman Don Soderberg of the PUC said "We can debate whether or not divestiture was a good idea at the time. But it's clear it is not a good idea today. When divestiture was first thought up we were worried about market power. Today, we're worried about keeping the lights on."

It was fear of market power that caused the framers of California's now discredited deregulation plan to require investor-owned utilities to sell their power plants. Then, when demand outstripped supply, the purchasers of those plants were blamed by politicians of "plundering" the state.

"We need to have a certain level of certainty in our power supply. The California experience hasshown us we need to get back to what works," Soderberg admitted.

Sierra Pacific Resources, which was ordered by Nevada regulators to sell its power plants as a condition of the merger between Sierra Pacific Power and Nevada Power in 1999, has already agreed to sell about 1,300 megawatts of generating capacity to NRG Energy Inc. and Dynegy Inc. for $643 million. NRG would operate the plants and Dynegy would sell the power.

A Sierra Pacific Resources spokesman said the sale still requires federal and state approval.

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