July 20, 2024


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.
COOKFOX Architects
Developer in ISO-NE Hit with FERC Fine for Capacity Market Fraud
The company behind a Massachusetts gas plant agrees to pay a $17 million penalty and hand back $26 million in profits after FERC found that it misled ISO-NE.
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.”
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.
NECEC Halts Tx Line Construction, Regulators Suspend Env. Permit
DEP Commissioner Melanie Loyzim determined that new statutory changes in Maine would prevent the developers of NECEC from building the line as permitted.
National Audobon Society
Proposed Wash. Solar Farm Splits Green Sympathies
Green energy advocates clashed with activists aiming to protect the habitat of an endangered bird species at a hearing on a proposed solar farm in Central Wash.
Central Maine Power
Mills Tells Maine Legislature to Slow Down on Plan to Replace IOUs
Maine Gov. Janet Mills said a bill to replace the state’s investor-owned utilities was “hastily” drafted and needs a “full airing.”
Companies Dispute FERC Ruling on Crisis Contracts
Iberdrola struck back at a FERC judge’s ruling on their energy crisis supply contract that could subject the company to more than $370 million in penalties.
FERC ALJ: Shell, Iberdrola Owe California $1.1B over Energy Crisis
A FERC judge ruled that Shell and Iberdrola  saddled California consumers with $1.1 billion in excess energy costs at the height of the Western Energy Crisis.

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