New York Announces 1,700 MW of New Offshore Wind Projects and 70 Percent Renewables Requirement by 2030

LCG, July 22, 2019--The Governor of New York announced last Thursday that the State has executed the nation's largest offshore wind agreement - totaling approximately 1,700 MW - in U.S. history. The Governor also signed the Climate Leadership and Community Protection Act (CLCPA), which includes a mandates of 9,000 MW of offshore wind by 2035, 70 percent renewable energy by 2030, plus a Zero-Carbon Emission Electric Sector by 2040.

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Georgia PSC Approves Georgia Power's 2019 IRP

LCG, July 18, 2019--The Georgia Public Service Commission (PSC) has unanimously approved Southern Company subsidiary Georgia Power's 2019 Integrated Resource Plan (IRP), which was submitted in late January.

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Industry News

Israeli Pipeline in Question if Belgian Company Pulls Out

LCG, April 23, 2002-Belgium's Tractabel SA, skittish over the escalated Israeli-Palestinian conflict, plans to leave an Israeli natural gas pipeline project.

Tractabel, critical because of its technical abilities, intends to abandon Israel's half-billion dollar project. The company has a 60 percent stake and would build the pipeline and operate it for thirty years before yielding it over to the Israeli government. Although it has not officially bowed out, notice is expected within the next few days.

The proposed pipeline would connect the Mediterranean Sea to various inland locations.

The other shareholders, Paz Oil Ltd. and Africa Israel Investments Ltd. are seeking foreign investors and advisors to replace Tractabel.

Political conflict has always plagued Israel's attempts at creating a natural gas market. While Egypt is a logical supplier geographically speaking, the Egyptian government is loathe to strike deals because of its Palestinian ties. State-owned monopoly Israel Electric Corp. has been waiting over a year to sign a $3 billion, 10-year natural gas contract with Egypt.

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