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New York Announces 1,700 MW of New Offshore Wind Projects and 70 Percent Renewables Requirement by 2030

LCG, July 22, 2019--The Governor of New York announced last Thursday that the State has executed the nation's largest offshore wind agreement - totaling approximately 1,700 MW - in U.S. history. The Governor also signed the Climate Leadership and Community Protection Act (CLCPA), which includes a mandates of 9,000 MW of offshore wind by 2035, 70 percent renewable energy by 2030, plus a Zero-Carbon Emission Electric Sector by 2040.

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Georgia PSC Approves Georgia Power's 2019 IRP

LCG, July 18, 2019--The Georgia Public Service Commission (PSC) has unanimously approved Southern Company subsidiary Georgia Power's 2019 Integrated Resource Plan (IRP), which was submitted in late January.

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Industry News

German Courts Uphold Injunction Against E.On Takeover

LCG, December 17, 2002-German judiciaries continue to block E.On's takeover of Ruhrgas.

E.On, Europe's second largest utility, tried to purchase the German gas company Ruhrgas earlier this year, but various other energy companies complained that the takeover is unlawful and would limit competition.

The Dusseldorf state court ruled this August that the sale had procedural flaws. Today, despite the German Economics Ministry revision of the deal, the court ruled to uphold the injunction blocking the takeover. A final ruling is due in February regarding whether or not the sale will be allowed to continue.

E.On has said it will continue to pursue the takeover with all resources available, noting that the acquisition would secure German gas supply.

Competitors to E.On believe the conditions of the sale are too permissive, and they worry that foreign competition will be forced out of Germany.

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