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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

California PUC to Consider Power Rate Reduction

LCG, May 13, 2003--Modified "revenue requirements" at the California Department of Water Resources (DWR), requirements stemming from past power purchases, could mean that the California Public Utilities Commission will decide to put in effect a rate reduction for power customers of the three largest California utilities.

The DWR would continue to receive payments from the utilities - Pacific Gas & Electric, Southern California Edison, and San Diego Gas & Electric - in order to repay the agency for purchases which ended at the end of 2002. Gov. Gray Davis was to announce the possible rate cut this afternoon, and will press the PUC to implement a rate cut as soon as possible.

The commissioner Carl Wood said that the reduction is "doable by the end of the year if it's justified. A reduction would be very welcome."

Mindy Spatt, spokeswoman for The Utility Reform Network, said "We will take any reduction we can get because consumers are paying very inflated rates." Rate cuts for each of the three utilities' customers are under consideration. A rate increase of up to 40 percent in some cases was put in place in 2001, following rapid deterioration in the financial health of the utilities as power prices spiked in 2000 and 2001.
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