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New York Announces 1,700 MW of New Offshore Wind Projects and 70 Percent Renewables Requirement by 2030

LCG, July 22, 2019--The Governor of New York announced last Thursday that the State has executed the nation's largest offshore wind agreement - totaling approximately 1,700 MW - in U.S. history. The Governor also signed the Climate Leadership and Community Protection Act (CLCPA), which includes a mandates of 9,000 MW of offshore wind by 2035, 70 percent renewable energy by 2030, plus a Zero-Carbon Emission Electric Sector by 2040.

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Georgia PSC Approves Georgia Power's 2019 IRP

LCG, July 18, 2019--The Georgia Public Service Commission (PSC) has unanimously approved Southern Company subsidiary Georgia Power's 2019 Integrated Resource Plan (IRP), which was submitted in late January.

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Industry News

Gas Drilling Goes Deeper to Offset Waning Production

LCG, Oct. 14, 2003--Drilling for gas will soon be conducted at previously unheard-of depths in the Gulf of Mexico's continental shelf.

New wells no longer yield the same amount of gas in the Gulf as they once did. Therefore, the Wall Street Journal has reported, firms such as El Paso Corp. and Shell, under the Royal Dutch/Shell Group, are prepared to drill wells as deep as five miles. The willingness to undertake such projects has increased with rising, more volatile natural gas prices, and with forgiveness by the government of royalty payments for some wells at greater depths.

One well now being drilled is called "Shark", which Shell Exploration & Production Co. plans to drill to 26,000 feet, about five miles. No deeper well now exists on the continental shelf. A well at a depth of 30,000 is planned by BP PLC, which has stated that it believes most gas to be drilled is deeper than 20,000 feet, more than three miles.
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