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

California Solar Initiative Approved by CPUC

LCG, January 13, 2006--The California Public Utilities Commission (CPUC) yesterday approved the California Solar Initiative (CSI), a program designed to provide approximately $2.8 billion in incentives to spur solar development over the period from 2006 through 2016. The goal is to develop approximately 3,000 MW of electric generating capacity utilizing solar energy.

The CSI includes incentives for customers to develop photovoltaics (PV) and solar thermal electric projects under 1 MW capacity. The initial PV incentive levels will be set at $2.80 per watt effective Jan. 1, 2006 and will be reduced by about 10 percent per year. The incentive levels for solar thermal electric projects and solar heating and cooling will be determined later this year.

The CPUC will oversee a $2.5 billion program for commercial and existing residential customers that is funded by revenues collected through gas and electric utility distribution rates. The CPUC estimates that the average cost to a residential electric customer will be approximately $12 per year and that the average residential natural gas cost will be $1.40 per year.

The California Energy Commission (CEC) will manage $350 million targeted for new residential building construction. The CEC funds have previously been allocated to the CEC to encourage renewable projects between 2007 and 2011. Existing solar programs, such as the CPUC's Self-Generation Incentive Program and the CEC's Emerging Renewables Program, will be transferred into the CSI by the end of this year.

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