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

Nebraska Nuke's Future Uncertain

LCG, May 10, 2002--The largest generating unit in Nebraska, Nebraska Public Power District's Cooper nuclear plant, may be shut down at the end of power purchase agreements through 2004, more than a decade before its operating license is due to expire.

The NPPD is considering several options for the plant, which sells most of its output to MidAmerican Energy Co. and Lincoln Electric System. Perhaps the most serious issue is the need to cover decommissioning costs, which are estimated at $500 million, and out of which $297 million has been paid through installments into a fund. In 2000, a court allowed the two large customers to stop covering the costs, pending review.

NPPD might have to recover decommissioning costs through higher power prices, a result that the power purchasers have indicated would cause them to buy elsewhere. In addition, the 778-megawatt plant is one of only two plants in the country considered to meet only the absolute minimum operating conditions set by the Nuclear Regulatory Commission. Inspections-related costs stemming from the poor rating impact NPPD with up to $5 million in extra expenses.

Although NPPD will seek new purchasers for Cooper's output, the cost of lengthy outages may cause Cooper to lose out if it attempts to sell take-or-pay contracts, in which repair costs are explicitly covered by the buyer regardless of whether it is receiving power. The power district is currently unable to sell the plant under the law.
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