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 Energy Bid May Be Ruled Monopolistic

LCG, May 21, 2002-Germany's E.On wants to buy the majority stake in gas distributor Ruhrgas, but German officials fear the move may threaten competition.

E.On already sits in a dominant position in the gas and electricity market, and experts fear that if the company is allowed to take over Ruhrgas, competition may become significantly compromised. The German Cartel Office has ruled against the sale, finding it monopolistic.

E.On says the takeover will initiate new jobs and ensure gas supply without endangering the free market. The company would realize a majority stake by purchasing from BP and Bergemann GmbH.

The Ministry of Economics will rule whether or not to overturn the Cartel Office decision by an unspecified date in July.

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