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

Texas Has Power Glut for Now

LCG, May 30, 2002--Despite the cancellation of 15,000 megawatts of power resources that had been planned in Texas, the Lonestar State is heading into the summer peak season with 24 percent higher electric capacity than expected demand.

The state's overall capacity gives the state nearly twice the reserve margin considered necessary for reliability by the Electric Reliability Council of Texas. Since 1995, 16,000 megawatts of new generation has become operational, and 13,000 megawatts are under construction. 5,000 megawatts remain in development.

The building boom would have been helpful for any state, but for Texas, which has little in the way of transmission connecting it to other states, it provided self-reliance. Two small DC ties transfer up to 800 megawatts to and from the Southwest Power Pool. This means that most of the power supply will be available only to Texas customers.

Ample supplies of natural gas are attractive to developers, said Daniele Seitz, an analyst with Salomon Smith Barney, speaking to Reuters. "That attracted a lot of developers, Calpine being one of the major ones," Seitz notes. The glut has made older plants, which are less efficient, more in danger of being mothballed.

The boom in building seems to be close to tapering off. Said Seitz, "Once developers figured out that there was a lot of capacity coming on line and that it was not matched by the same kind of growth in demand, there was a very quick stoppage to that kind of (building)."

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