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 Governor Pursues $1 Billion Rate Cut

LCG, May 14, 2003-Yesterday Governor Gray Davis announced his intention to seek $1 billion in rate cuts for utility customers.

Davis has been a noisy participant in the ongoing debate on where the money went during California's energy crisis, and now the governor wants to return money to consumers.

The Californian governor insists that rate cuts are feasible because of increased state capacity and energy conservation. Apparently the California Department of Water Resources (DWR) has found it needs to recover $4.5 billion, not $5.5 billion, from utility customers. Furthermore, Davis noted that more cuts may be possible if the Federal Energy Regulatory Commission finds contracts written during the crisis worthy of $9 billion in refunds.

The California DWR began buying power from generators on the behalf of utilities in 2001 because state utilities did not have good enough credit to purchase power on their own. At the same time, power prices skyrocketed for perhaps less than legitimate reasons, resulting in enormous cost to the state.

The California Public Utilities Commission plans to review Davis's request and has 120 days to act from the date of DWR's revised revenue filing.

Residential and business customers affected by a rate cut would be those of Southern California Edison and San Diego Gas & Electric. PG&E customers would see reduced rates after the utility emerges from bankruptcy.

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