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

El Paso Requests Extra Month to File CA Settlement

LCG, May 5, 2003--El Paso Corp., which reached a tenative settlement with California that would result in eventual payments by the gas pipeline company of $1.7 billion, has asked the Federal Energy Regulatory Commission to allow it one more month in which to assemble the details of the settlement.

The commission did not issue a planned ruling in March in a case alleging manipulation by El Paso of the natural gas market following the announcement of the settlement. If the FERC grants the extension, it would allow the company to avoid a ruling by the commission, in which it could be found to have withheld capacity that elevated prices in the gas and electric power markets in 2000-2001.

El Paso was joined in the extension request by parties to the settlement, including private class-action litigants, Gov. Davis, the California Public Utilities Commission, the California Department of Water Resources, as well as the two major investor-owned utilities, Pacific Gas & Electric and Southern California Edison.

In the announcement of a likely settlement in March, El Paso did not admit wrongdoing. The settlement is to include payments of $22 million per year for 20 years, and $45 million worth of natural gas for the same period, as well immediate payments of cash and El Paso common stock. The extension being sought, until June 4, is needed due to "the substantial number of cases being settled, the large number of parties involved... as well as the scope, magnitude and nature of the issues and claims being settled."
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