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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

TECO, Aquila, Questar Deny "Round-Trip" Trades

LCG, May 21, 2002-TECO Energy, Aquila, and Questar asserted that they made no "round-trip" trades in the California electricity market.

Because of the release of Enron memos elaborating strategies by which to manipulate the electricity market, the Federal Energy Regulatory Commission ordered over a hundred energy companies to state whether or not they participated in any of the twelve listed strategies by May 22.

TECO said in a press release yesterday that it employs policies to prevent "round-trip" trades, where energy is sold and bought back at the same price in order to artificially inflate trading volumes. Aquila, El Paso Corporation, and Questar have also denied participating in "round-trip" trades, while Williams Cos., which will make a more significant statement tomorrow, says this type of trade made up less than 1 percent of its total trade volume.

Reliant Resources, Dynegy, and CMS Energy have admitted to participating in "round-trip" trades.

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