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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

DTE-MCN Merger Expects FTC Clearance

LCG, March 22, 2001DTE Energy Inc. said this morning that it, and its merger partner MCN Energy Group, have been informed that the Federal Trade Commission will announce "shortly" its clearance for the proposed combination.

The two companies announce their plans to merge in October 1999, creating a new combinedenergy company under the DTE Energy name. The operating utilities of the new company will be DTE unit Detroit Edison Co. and MCN subsidiary Michigan Consolidated Gas Co.

DTE said the proposed merger still awaits Securities and Exchange Commission (SEC) approval and approval by MCN shareholders of the recently amended merger agreement. The special meeting of MCN shareholders is expected to take place in this spring.

"While this transaction has taken longer than originally anticipated, this FTC action is a major step forward in this process and toward creating one of the region's premiere energy companies," said Anthony F. Earley Jr., DTE Energy chairman and chief executive. "We have spent more than a year developing and reviewing the synergies and processes that will establish this new entity as a solid player in the increasingly competitive energy market."

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