Avangrid

Eversource
ISO-NE PAC Briefs: June 20, 2024
ISO-NE announced its plans to increase the transfer limits of three interfaces in Maine at the Planning Advisory Committee’s meeting.
Iberdrola
Iberdrola to Take Full Ownership of Avangrid
Iberdrola is moving to acquire the 18.4% stake in Avangrid that it does not already own in a $2.55 billion deal.
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NEPOOL TC Approves Process for States’ Transmission Needs
The NEPOOL Transmission Committee voted to approve a proposal by ISO-NE and the New England States Committee on Electricity to create a new process to facilitate transmission investments that address state-identified, long-term needs associated with the clean energy transition.
BOEM
BOEM Issues Environmental Study of Park City, Commonwealth Plans
The Bureau of Ocean Energy Management has completed the environmental impact assessment of the proposed Park City and Commonwealth offshore wind proposals.
Worldview Films
Avangrid Avoids Major Offshore Wind Losses
Avangrid reported a year-over-year decrease in income but said a timely pause in its offshore wind projects saved it from write-offs that could have run into the billions.
Worldview Films via Vineyard Wind
Vineyard Wind 1 Generates its First Power
Vineyard Wind 1 generated its first power for New England, sending about 5 MW of electricity to the grid via its interconnection point on Cape Cod.
Shutterstock
Lights out for Avangrid’s PNM Acquisition

Avangrid has pulled the plug on its proposed $8.3 billion acquisition of PNM Resources, as final approval for the deal remains tied up at the New Mexico Supreme Court.

Avangrid
FERC Orders Settlement Procedures on NY Utilities’ Tx ROE Filing
FERC ordered two New York utilities into settlement procedures over their proposed 10.87% ROE on upgrades to meet the state’s renewable energy goals.  
NECEC
Maine Ethics Commission Resolves Probe of NECEC Foes
Maine’s ethics watchdog has resolved alleged campaign finance law violations surrounding the controversial New England Clean Energy Connect project.
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Avangrid to Pay $615K for NERC Violation Penalties
Avangrid's $615,000 penalty stems from violations of NERC's facility ratings standards.

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