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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

California DWR and CalPeak Rewrite Long-term Contract

LCG, May 3, 2002--San Diego's CalPeak, part of United Technologies Corp., has rewritten its contract with the California Department of Water Resources.

Last week California renegotiated 8 contracts, amounting to some thirty percent of long-term contracts written last year. In step with other energy companies, CalPeak agreed to reduce its 10-year contract with the DWR, slimming the price by $71 million to $332 million.

The DWR will buy from one fewer 48 MW peaker plants, according to the rewritten contract, so that the DWR will have 288 instead of 336 MW peak capacity from CalPeak.

Additionally, capacity payments, which guarantee supply, have been decreased by $750,000 annually for ten years.

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