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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

CPUC PG&E Plan Approved

LCG, May 16, 2002-Federal Judge Dennis Montali approved the California Public Utilities Commission's plan regarding PG&E's bankruptcy.

PG&E utility filed for bankruptcy in April of last year, and Judge Montali ruled earlier this year that creditors would vote on which plan should be undertaken to bring PG&E from insolvency. The Commission and PG&E respectively constructed the two plans in question.

Objections were raised on previously filed Commission plans, but Montali finally approved the edited plan Wednesday after the Commission guaranteed it will not retroactively change details in its plan.

A preliminary hearing on the plans is scheduled for August 1, and balloting will be completed August 12.

The plan includes keeping retail electricity prices for customers at the current rate and leaving PG&E answerable to Californian regulations. Creditors would be paid completely in order to restore PG&E's investment grade credit rating.

Conversely, PG&E's plan splits the utility into four units, three of which would be sold outside of the state's authority.

PG&E opposes the Commission's plan and has called it "unlawful."
Some 13 million customers are served by PG&E utility.

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