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New York Issues Offshore Wind Solicitation

LCG, November 9, 2018--The Governor of New York yesterday announced a solicitation for 800 MW or more of new offshore wind projects to supply renewable energy to New York to combat climate change. The New York State Energy Research and Development Authority (NYSERDA) issued the Request for Proposals (RFP), which is the first key step in New York's plan to install 2,400 MW of offshore wind projects by 2030.

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Xcel Energy to Acquire Mankato Energy Center from Southern Power

LCG, November 8, 2018--Xcel Energy and Southern Power, a subsidiary of Southern Company, earlier this week announced an agreement for Southern Power to sell the Mankato Energy Center to Xcel Energy for $650 million. The completion of the sale, subject to regulatory approval and other closing conditions, is expected to be mid-2019.

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Industry News

New England ISO's RTO Plan Has Conditional Approval

LCG, Mar. 24, 2004--The ISO New England's proposal for forming a regional transmission organization has received conditional approval from the Federal Energy Regulatory Commission, meaning the ISO has been granted official RTO status.

Since 1997, the control of utilities' transmission operation in the New England region has stayed with the utilities themselves, a feature of the market that will change when the ISO takes over that function. The ISO will be able to direct flows for reliability purposes as it finds necessary.

The shift in control of grid operations out of the hands of the utilities is seen by the FERC as a key part of a more competitive market promoting non-discriminatory access to generating plants, regardless of ownership. The agency may still develop policies aimed at convincing utilities to sell generating assets.
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