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

Bankruptcy Judge Allows PG&E Lawsuits

LCG, June 19, 2002--Lawsuits under dispute because of PG&E utility's bankruptcy will be allowed to proceed in state court.

California's Attorney General Bill Lockyer, who has been filing energy company lawsuits repeatedly this year, and the city of San Francisco, want to sue PG&E utility's parent corporation, PG&E Corp.

San Francisco and Lockyer both question some $4 billion worth of dividends and stock repurchases which were transferred to the parent corporation between 1997 and April 2001.

The Pacific Gas & Electric utility, which filed for bankruptcy last year, is awaiting a decision by Judge Dennis Montali in order to proceed with reemerging from bankruptcy. The Judge has ruled that creditors to Pacific Gas & Electric will vote on two plans, created by the utility and the California Public Utilities Commission respectively, before making a decision.

Judge Montali has ruled, however, that the two fraud lawsuits brought against PG&E Corp. for alleged illegal business practices should be heard in state court.

While San Francisco wants the allegedly misplaced money to go to ratepayers, Lockyer thinks it should go to the bankrupt utility in order that it pay off its debts.

PG&E Corp. insists that all transactions it participated in were legal and verified by an independent auditor.

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