Posts from — October 2010

On Monday, October 18, 2010, Northeast Utilities (“NU”) and NSTAR announced their companies’ Boards of Trustees unanimously approved a merger agreement for a large utility valued at $17.5 billion.  This newly-formed utility will be known as Northeast Utilities.  [Read more →]

On October 21, 2010, the Federal Energy Regulatory Commission (“FERC” or the “Commission”) clarified how California may promote new generation resources in a way that does not contradict federal laws (the “October 21 Clarification”).  The Commission also denied the California Public Utilities Commission’s (“CPUC”) request for rehearing. [Read more →]

On October 21, 2010, the Federal Energy Regulatory Commission (“FERC” or the “Commission”) released the winter 2010-2011 Energy Market Assessment (the “assessment”) and presented the results at FERC’s October public meeting. [Read more →]

On October 12, 2010, Google, Trans-Elect Development Company, LLC (“Trans-Elect”), Good Energies, and Marubeni Corporation (“Marubeni”) announced that the four entities are partnering to create the Atlantic Wind Connection project.  The Atlantic Wind Connection project will create an underwater transmission “backbone” to connect more than 6,000 MW of offshore wind through more than 350 miles of high voltage direct current (“HVDC”) lines.  [Read more →]

On October 8, 2010, the Federal Energy Regulatory Commission (“FERC” or the “Commission”) issued an order (the “Order”) modifying the energy price cap on spot market sales in the Western Electricity Coordinating Council (“WECC”) to $750/MWh.  [Read more →]