Record-Breaking $405M Massachusetts Offshore Wind Auction Signals Growing Industry

The U.S. Bureau of Ocean Energy Management auctioned three leases off Massachusetts’ coast earmarked for the development of offshore wind farms, reaping a record-breaking $405-million, according to a Dec. 14 press release. The bureau sold commercial wind energy leases comprising nearly 390,000 acres, which are expected to support about 4.1 gigawatts of power. Out of 11 bidders,…

Connecticut Regulator Finds No Evidence of Gas Market Manipulation

The Connecticut Public Utilities Regulatory Authority, in a Dec. 12 decision, found that the state’s local distribution companies took a prudent approach to managing their gas supply portfolio during the 2013 to 2016 winter seasons and properly met their “supplier-of-last-resort” or SOLR obligations. The agency analyzed data for the peak demand days from the three…