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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

CA ISO to Submit Market Design Plan Today

LCG, May 1, 2002-The California Independent System Operator (ISO) intends to file a Market Design proposal with the Federal Energy Regulatory Commission (FERC) today.

The ISO, responsible for reliability in electricity transmission, has created the extensive plan to improve California's electricity transmission. Dubbed Market Design 2002, or MD02, the proposal includes addressing congestion more effectively, creating better locational signals so that new generation is built in the appropriate place, and yielding more authority to the ISO.

The plan includes capping bids at $108 per megawatt-hour, indexed to natural gas, and also requires "bid screens" to filter out bids deemed unreasonably high relative to the operating climate. This part of the proposal, to be implemented Oct. 1, is being offered in light of the September 30th scheduled end to price control. However, the ISO has made clear it would rather FERC prolong price controls over implementing the bid restriction elements.

ISO members hope that FERC will decide on MD02 by July.

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