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

US GAO Affirms CA Crisis Related to Shortage

LCG, June 25, 2002-The United States General Accounting Office released a report yesterday which finds that the California energy crisis was due to a lack of capacity in the state.

Politicians have disagreed over the origin of the California crisis, and recently exposed market manipulation pratices have set politicians' fingers pointing at energy companies.

The GAO report asserts that market manipulation alone did not result in the crisis and that the state had a higher demand than supply.

The report also pointed out that new generation was built in other deregulated sates, such as Pennsylvania and Texas, at a much higher rate relative to forecasted need than that in California. Through 2001 California built a quarter of its forecasted capacity needs, while Texas built more than twice is forecasted capacity need.

The GAO included several reasons for a lack of generation investment in California, including more unpredictable regulatory review and a longer permit process, 4 months longer than Pennsylvania and 10 months longer than Texas. Also, the GAO reports that Clean Air Act standards complicate permitting in California, and the unstable California market may scare off energy development.

Republican Representative Doug Ose has lauded the report and finds it supports his efforts to eliminate governor Gray Davis' control of the California Independent System Operator. Ose also asserts that changes must be made or shortages will plague the state again soon, although many energy officials have already asserted that the state has sufficient supply, and new energy projects are under development.

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