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

January Gas Shortage in New England Under Investigation

LCG, Jan. 27, 2004--A shortage of natural gas and simultaneous high power prices that occurred in New England in mid-January are the subject of an investigation by the Federal Energy Regulatory Commission's Office of Market Oversight and Investigations, division Director William Hederman, Jr. told Connecticut officials.

The investigation will try to establish whether the reason for the elevated power prices and tight power supplies was based in market fundamentals alone, or whether other factors contributed. The FERC investigation was prompted by a request by Connecticut Attorney General Richard Blumenthal. Blumenthal has been investigating the possibility that power generators chose to sell gas at high prices rather than use it to generate electricity.

The ISO New England, which manages the regional power grid, had warned on Jan. 15 that it was prepared to trigger rolling blackouts if a failure on a line or at a generator made it necessary. The warning was dropped the next day, when the number of available units rose. Blumenthal stated last week that the ISO could have created conditions that led to fewer generators being available. In a statement, the ISO asserted that it had done everything possible to ensure availability of power supplies, although rules that permit generators to sell gas if the plants are not needed for reliability are under review.
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