Avangrid
Construction on Avangrid’s hotly contested New England Clean Energy Connect transmission project has made significant progress following a two-year pause, according to a filing submitted to the Maine Public Utilities Commission.
ISO-NE announced its plans to increase the transfer limits of three interfaces in Maine at the Planning Advisory Committee’s meeting.
Iberdrola is moving to acquire the 18.4% stake in Avangrid that it does not already own in a $2.55 billion deal.
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.
The Bureau of Ocean Energy Management has completed the environmental impact assessment of the proposed Park City and Commonwealth offshore wind proposals.
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.
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.
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.
Maine’s ethics watchdog has resolved alleged campaign finance law violations surrounding the controversial New England Clean Energy Connect project.
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