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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

AES May Challenge U.K. Over Aid to Energy Co.

LCG, April 8, 2003AES Corporation, owner of the Drax power station, may challenge the British governments decision to give 2.1 billion pounds in aid to British Energy.

AES finds the financial assistance is unfair because, AES believes, the energy market will be negatively affected and electricity prices will not rise with the market.

Late last year the European Commission approved up to 889 million pounds in aid to British Energy in order to guarantee electricity supply and nuclear safety.

TXU Europe, the large Drax plants major customer, collapsed recently. Its demise forced AES to reconsider its financial situation regarding Drax. AES may participate in a debt-for-equity trade with Drax creditors for greater than 1 billion pounds.

AES is likely to decide whether or not to go ahead with the challenge this week. If the company takes the issue to court, it is likely to file with the European Court of First Instance.

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