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

Proposed Amendment Could Lead To EPCOR's Sale

LCG, May 29, 2002--EPCOR, the utility owned by the City of Edmonton, could be sold based upon a deadline set by Alberta's minister of municipal affairs, if a proposed amendment to regulations is approved.

The current minister, Guy Boutilier, who suggested the rule, said he felt "the cities have grown up and they're making responsible decisions and they're accountable to their taxpayers." He said the mandate of municipally owned corporations to serve "a municipal purpose" would be reviewed. EPCOR, which will pay $100.5 million (65.5 million US dollars) in dividends to the city this year, serves 1.3 million customers in neighboring Ontario and owns Union Energy, which is based in that province.

Edmonton Mayor Bill Smith said the province is trying to escape blame for a lack of new power generation within the province by forcing the sale of EPCOR by the city. "But if they see somebody come in and buy ENMAX and EPCOR, then they can say that's new investment," Smith said. (ENMAX provides electricity in Calgary.) The rule would allow a minister to "set a time period in which a municipality or group of municipalities must divest, amalgamate, merge, reorganize or windup a controlled corporation."

Boutilier, who did not declare the reason for the proposed amendment, said, "The bottom line is the province will not and shall not have the control of sales of EPCOR and Enmax," saying that the mayor and council would be entirely responsible for deciding on a buyer. Mayor Smith, who called it the most "serious" issue he has dealt with in seven years, worries that property taxes will need to rise more than expected if dividends from EPCOR are lost as a source of revenue.
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