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

Federal Regulators Order Energy Companies to Come Clean

LCG, May 9, 2002--Over a hundred power companies were ordered to state whether or not they used any of the trading strategies conveyed in Enron legal counsel memos at the time of the California the energy crisis.

The Federal Energy Regulatory Commission (FERC) made the order Wednesday. Tuesday saw the release of memos linking Enron to the California energy crisis of 2000/2001. The memos demonstrate some 12 specific strategies used to manipulate the California energy market and included phony congestion and price inflation by selling out-of-state.

The memos, sent to Enron executives on law firm stationery, said that other energy traders had followed suit and were using the same strategies.

The companies have to cooperate and guarantee that they did not use the 12 strategies by May 22 or face drastic penalties from FERC. One possible penalty, suggested by Donald Gelinas, FERC associate director of markets, is losing the ability to buy or sell wholesale electricity.

Others have joined in the investigation; House Democrats asked Republic Billy Tauzin, head of the House energy committee, to look into other energy companies possibly involved in questionable practices and criticized him for abandoning California during the crisis.

Washington Senator Maria Cantwell-D plans to submit a motion demanding that FERC judge long-term contracts unfair and up for renegotiation.

The Bush Administration, which had criticized price caps and refused to help during the California energy crisis, has turned around to say it brought the California crisis to an end by appointing two new FERC commissioners. After Tuesday's release, White House spokesman Ari Fleischer said that the administration fully supports "vigorous" investigation.

Before any evidence of this order came up, California Attorney General Bill Lockyer had filed several lawsuits against energy companies.

FERC has also ordered power companies to preserve all trading records.

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