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News
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LCG, July 13, 2018--The Governor of New York yesterday announced that the New York State Public Service Commission (PSC) has agreed upon plans for the state's first procurements of offshore wind to support New York's goal of installing 2,400 MW of new offshore wind generation by 2030. The new capacity will be important to achieving New York's goal of satisfying 50 percent of its energy requirements with renewable energy by 2030. The goal is part of the Governor's Clean Energy Standard, which was adopted by the PSC in 2016.
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LCG, July 3, 2018--Westinghouse Electric Company and its customers, China State Nuclear Power Technology Corporation (SNPTC) and CNNC Sanmen Nuclear Power Company Limited (SMNPC) announced on June 30 that the world's first AP1000 nuclear power plant located in Sanmen, Zhejiang Province, China, has begun initial connection to the electrical grid and has begun generating electricity.
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Industry News
New Hampshire Governor Vetos Expansion of Net Metering Program
LCG, June 21, 2018--The Governor of New Hampshire vetoed Senate Bill 446 and Senate Bill 365 that were expected to cost electric ratepayers approximately $100 million over the next three years.
The Governor stated,"New Hampshire has some of the highest electric rates in the country, placing financial strain on the elderly, those on fixed incomes and the business community. These bills send our state in exactly the wrong direction. We need to be taking steps to lower electric rates, not passing legislation that would cause massive increases."
Senate Bill 446 would have expanded the state's net metering program, which allows people and businesses that own solar panels to sell their surplus electricity back into the grid to offset their electric bills. The proposed law included increasing the net metering cap from 1 MW to 5 MW, which would increase the number of customers and the quantity of energy that would receive credit from the net metering. The Governor stated the legislation would be "a handout to large scale energy developers. These immense projects should use incentives already available and compete on their own merits."
Senate Bill 365 would have subsidized New Hampshire's six independent biomass plants by requiring electric service providers to purchase power from the biomass plants at 80 percent of the default service rates.
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Generator X
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