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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

TXU May Dip Toe in Italian Power Sector

LCG, March 12, 2001The European subsidiary of U.S. energy firm TXU Corp. said on Friday it is exploring the possibility of entering the Italian energy market this year by purchasing or forming an alliance with a small municipal utility.

Paul Marsh, finance director of TXU Europe, told a press conference "We're talking to a number of municipalities to take a stake and we hope to reach an agreement this year. It will not be a major acquisition but more of a small incremental piece to increase our presence in Europe."

The Italian power market, partially liberalized in 1999 under rules set by the European Commission, has been slow to open up on its own accord. Much of the attention has been directed to the sale by Italian energy monopoly Enel of 25 percent of its generating capacity.

"We're not interested in buying Enel's plants, we prefer to team up with small local players," Marsh said. "We want to follow the same strategy in Italy as we did in Germany through the purchase of a stake in Kiel Statdwerke (city works)."

Last year, TXU Europe purchased a 51 percent interest in the municipal utility of Kiel in northern Germany for $214 million.

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