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

Interior to Offer Incentives for Gas Drilling in Gulf of Mexico

LCG, Jan. 23, 2004--Royalty relief for companies drilling for natural gas in the Gulf of Mexico were announced today by Interior Secretary Gale Norton as a way of boosting gas supply.

The relief would be offered for drilling at depths beyond what is now considered economical, as well as for extensions of existing wells that head in new directions. If the price of natural gas rose to a particular point, the relief would be suspended, Norton said.

Johnnie Burton, director of the Minerals Management Service within the Department of the Interior, said, "Since infrastructure and lease-specific facilities are already in place, the Outer Continental Shelf is one of the best available sources for additional near-term domestic natural gas supply to meet the nation's needs." Although Norton acknowledged that the relief would have some impact on the Treasury, she stated that the relief would lead to employment in drilling and a savings to consumers of about $570 million.
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