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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

French Electricity Prices Suggest Pending Strike

LCG, May 27, 2003-French power unions are going to strike on June third, an action that may seriously limit the country's electricity capacity.

Prices already reflect increases from summer demand and lack of rainfall, but prices for peak demand power went up even more after the announcement of the strike.

Peak electricity for week 23 went for 38/40 euros. Today June baseload sold at a maximum of 22.45 euros, ending at 22.15/22.45 today, an increase from yesteday's 21.65 euros.

Workers are conducting the strike regarding pension reforms. Currently issues of privatization are also sparking discord in France.

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