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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

Mirant Writes Off Chile's Edelnor, Seeks Buyer

LCG, Oct. 22, 2001--Mirant Corp. of the United States said on Friday it would write off its entire investment in Chilean power company Empresa Electrica del Norte Grande S.A. (Edelnor), and would seek a buyer for the money-losing company.

The announcement came following decisions by Electroandina, a Chilean utility, and AES Corp. of the U.S. to cancel their bids to acquire control of Edelnor by buying the Chilean company's debt for about a two-thirds discount.

Mirant has said for some time that it would not invest any new money in Edelnor and confirmed Friday that liquidity was a major problem for its Chilean unit.

Mirant also said it could give no assurance that Edelnor would be able to make interest payments due on December 15.

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