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July 22, 2024

Avangrid

U.S. Bureau of Ocean Energy Management
Avangrid CEO: Benefits of OSW Restructuring Not Reflected in Stock
Avangrid’s CEO said during an earnings call that the lease areas that the company now directly controls are “undervalued based on current market prices.”
Versant Power
Maine Governor Revisits Vetoed Plan to Replace IOUs
A new bill from Gov. Janet Mills would set performance standards for the state’s electric utilities, with fees and possible divestiture for non-compliance.
Vineyard Wind
ISO-NE, States Seek to Build on ‘Alignment’ Efforts
Resource adequacy concerns and market rules and transmission infrastructure to support state clean energy policies highlight the issues facing ISO-NE in 2022.
Mass. Adds 1,600 MW to OSW Portfolio in Latest Procurement
Massachusetts chose two offshore wind projects totaling 1,600 MW, potentially bringing the state's offshore wind total to 3,200 MW.
Implementation Underway for NWPP’s Western RA Market
NWPP took its first steps implementing its Western Resource Adequacy Program, allowing participants to submit resource data for a “nonbinding” phase.
Public Service Company of New Mexico
New Mexico Regulators Reject Avangrid-PNM Merger
N.M. regulators shot down Avangrid’s proposed acquisition of PNM Resources after officials pointed to Avangrid’s “demonstrated record of poor performance.”
Security Limits Inc.
Bid-rigging Allegation Clouds Avangrid Bid for PNM
Avangrid is facing increasing scrutiny from regulators following allegations that the company purchased millions in unnecessary equipment to boost profits.
© RTO Insider LLC
Overheard at NECBC Energy Conference: NECEC Line ‘Will be Built’
The recent rejection of the New England Clean Energy Connect transmission line was a top concern for attendees at NECBC's Executive Energy Conference.
Shutterstock
Maine, NY Voters Prioritize Conservation on Election Day
After Maine voters approved a measure to halt construction of the NECEC transmission line, the line's developer filed a lawsuit challenging the referendum.
Shutterstock
Vineyard Wind Makes Deal for New Bedford Service Hub
Vineyard Wind partnered with Semco Maritime to build a maintenance facility in New Bedford, Mass., as part of the developer’s Commonwealth Wind proposals.

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