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

FERC to Review Possible PacifiCorp Contract Cancellation

LCG, June 26, 2002-A Federal Energy Regulatory Commission judge will determine whether or not PacifiCorp may renegotiate or cancel electricity contracts signed last summer.

The Portland utility signed contracts for this year for up to $262 per MWh from five energy traders. The utility claims that the prices are unfair and therefore illegal.

The Federal Energy Regulatory Commission placed a $92 per MWh cap on electricity prices in the region on June 19 last year, just days after some of PacifiCorp's contracts were signed. Current prices in the area are less than $40 per MWh.

FERC will appoint a judge to the case by the middle of July, and the companies will be given 30 days to settle disputes. PacifiCorp wants to cancel or renegotiate contracts with Reliant Resources Inc., Morgan Stanley Capital Group Inc., Williams Cos Inc., Enron Corp., and El Paso Corp.

The contracts in question involve electricity to be transmitted between July 1 and September 30 of this year.

Scottish Power Plc. owns the Portland-based utility.
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