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May 10, 2024

Avangrid

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Settlement over PJM Elliott Penalties Receives Broad Support
Several generation companies have submitted comments supporting and opposing a proposed settlement to reduce the $1.8 billion PJM assessed against market sellers for underperforming during Winter Storm Elliott by 23%.
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Park City Wind to Cancel PPAs, Exit OSW Pipeline
Avangrid announced an agreement with two Connecticut electric distribution companies to terminate power purchase agreements for its Park City Wind proposal, the latest in a series of setbacks for offshore wind in New England.
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In the Fight Over Maine’s Utilities, the Future of the State’s Energy Transition Goes to Voters
The outcome of November’s vote could have major implications on Maine's ability to rapidly decarbonize.
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Commonwealth Wind PPA Cancellations OK’d
The Massachusetts DPU has approved cancellation of Commonwealth Wind's PPAs and approved terms of the state's fourth wind power solicitation.
Avangrid
Vineyard Wind 1 Aims to Start Exporting Power This Year
The first electricity is expected to flow from the landmark offshore Vineyard Wind 1 project this year.
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Avangrid, Utilities Reach Deal to Cancel Commonwealth Wind PPAs
Avangrid and three utilities reached $48 million deal to end the PPAs for the Commonwealth Wind project.
SouthCoast Wind
Developer Seeks to Terminate SouthCoast Wind PPAs
SouthCoast Wind Energy has asked to end offshore wind power purchase agreements with Massachusetts electric distribution companies, citing rising costs.
CAISO
WEIM Sees Record Q1 Benefits with Growth of Footprint
CAISO’s Western Energy Imbalance Market yielded members $418.82 million in economic benefits during the first three months of 2023, a first-quarter record.
BOEM
Lawsuit Against Vineyard Wind over Threat to Whales Tossed
One of the federal lawsuits challenging approval of the Vineyard Wind 1 offshore wind project off the south coast of Massachusetts has been dismissed.
Edison Electric Institute
PNM, Avangrid Optimistic About Merger Prospects
While PNM awaits a court decision that could revive a merger with Avangrid, PNM officials say they’ll keep running the company like it’s a standalone business.

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