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

Impact of PG&E Rate Hikes Bearable

LCG, June 7, 2002--Higher Pacific Gas & Electric retail electric power rates have been in place for just over a year, and after decreases in consumption, the average monthly increase for households is $8, bringing the average bill to $63 for power and gas.

The higher rates are used partially to pay the state of California for its purchases of power through long-term contracts, which started out with a price tag of $40 billion over ten years. The contracts have been roundly criticized as being unjustly priced, even by Gov. Gray Davis, who signed them. Nonetheless, most consumers have borne and paid for the increases because they can afford it. A San Jose resident, Sidney Campbell, was quoted in the San Jose Mercury News, and compared his current bill with the bills he paid two winters ago, when natural gas prices were up 150 percent. "It's still higher. But it's not a big dent. I'd have a hard time standing up and screaming in a public place that somebody's killing us with shenanigans," he said.

Businesses have felt more significant increases, from an extra 34 to 50 percent above their previous rates. Bill Ahern of Consumers Union said, "Businesses got absolutely hammered." Ahern is one of a number of advocates of lowering rates, now that wholesale power prices have come down significantly. PG&E's costs are lower than they had been around the crisis of 2001, before federal price caps.
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