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

German Company Allowed to Buy Majority of Czech Gas

LCG, May 3, 2002-The Czech Republic's anti-monopoly office, UHOS, has allowed German company RWE Gas to purchase the majority stake of the Czech gas network.

Having received permission, RWE Gas may buy 8 regional distribution bodies as well as gas importer and distributor Transgas for 4.1 billion Euros, or $3.7 billion. Transgas controls pipelines transporting 20 percent of western German natural gas supply and 34 percent of all Russian gas exports.

The potential contract would be the largest privatization move yet for the Czech government. Payments for government assets sold due to privatization are to be kept in the Czech National Bank and out of the foreign exchange market so as not to affect the Czech currency (USD1 = CSK33.9).

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