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: Judge Adds a Few Days of Power

LCG, March 19, 2001U. S. District Judge Frank Damrell on Friday extended until tomorrow his order requiring four "out-of-state" power producers to continue selling electricity to the California independent System Operator.

On February 6, Judge Damrell issued a restraining order that required Reliant Energy Inc. to continue power sales to Cal-ISO. The order has been extended weekly since, and along the way AES Corp., Dynegy Inc. and The Williams Cos. Inc. have been added.

The four companies say they would prefer selling the power to the California Department of Water Resources, rather than to the penniless ISO. Neither agency is purchasing power on its own behalf, but for the state's two largest electric utilities, which no longer have money of their own.

At Friday's hearing, AES, Dynegy and Williams told the court they had volunteered to extend their sales to the ISO prior to the hearing. Reliant said it would go along with sales to the ISO through May.

Eventually, the money for the power will have to come from the utilities' customers.

And there is more from nation's most prosperous and most populous state.

  • Southern California Edison Co., California's second-largest electric utility, said on Friday it believes it can successfully repel an attempt by creditors to force the company into involuntary bankruptcy. Two creditors have taken action seen as preliminary to such a move.
    Caithness Energy, an unsecured creditor, was granted authority in a federal court last week to place a lien on SoCal Ed's 56 percent ownership interest in the 1,575 megawatt coal-fired Mohave power plant in Laughlin, Nev. Another creditor, Coram Energy, is circulating a petition among five other small electricity providers, to push SoCal Ed into bankruptcy.
    "We believe we have solid grounds on which to oppose" involuntary bankruptcy, said Barbara Matthews, an assistant general counsel for the utility. "We believe that bankruptcy court intervention isn't necessary or in anyone's best interest right now."

  • PG&E Corp. said Friday that it had received a $1.28 billion tax refund and will give almost all of the money to its Pacific Gas & Electric Co. subsidiary. The $1.1 billion PG&E gets from its parent holding company will bring the utility's cash reserves up to $2.7 billion, hardly sufficient to pay its hundreds of creditors who are clamoring for money. The company said the money will be used to enable it to continue delivering power to its customers.

  • The California Public Utilities Commission on Friday proposed revised plans for involuntary electric service curtailment to industrial customers with so-called "interruptible" contracts. Some companies agree to cut power usage when supplies are tight in return for reduced rates a discount of as much as 20 percent. The proposed plan, which needs approval by the five-member commission, is aimed at planned load shedding if it becomes necessary this summer. During January of this year, load shedding ordered by Cal-ISO used up the number of hours of involuntary curtailment interruptible customers had agreed to for all of this year.

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