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

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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