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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

Rocky Mountain Power Pursues Regulatory Approval for $3.5 Billion Wind and Transmission Investment

LCG, July 3, 2017--The Rocky Mountain Power submitted filings last week in Wyoming, Utah and Idaho requesting state regulators to approve a plan to significantly expand the amount of wind power serving customers by 2020. The plan is part of the company's Energy Vision 2020 initiative.

Rocky Mountain Power's Energy Vision 2020 initiative is designed to: (i) upgrade or "repower" the company's existing wind fleet with longer blades and newer technology, (ii) add approximately 1,100 MW of new wind capacity, and (iii) build a new 140-mile Gateway West transmission. Most of the new investments will be in Wyoming.

Rocky Mountain Power President and CEO stated, "We are very excited to begin the stakeholder review process for these projects that will significantly increase the renewable energy that serves all our customers. These investments will provide significant long-term benefits to our customers and bring substantial economic benefits to rural communities where the facilities will be located."

Rocky Mountain Power first announced the wind and transmission investments in April as part of its broader long-term energy plan. Additional filings and regulatory approvals will be necessary.

The Energy Vision 2020 projects, which comprise an investment of $3.5 billion, were chosen by the company as the most cost-effective option to meet customers' energy needs over the next 20 years. By moving to complete the projects by 2020, the company states that it will be able to use federal production tax credits to provide a net cost savings to customers over the life of the projects.
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