massachusetts dpu commonwealth wind

COMMONWEALTH OF MASSACHUSETTS DEPARTMENT OF PUBLIC UTILITIES NOTICE OF ADJUDICATION NOTICE OF PUBLIC COMMENT HEARING D.P.U. Two long-term contracts to purchase wind power and renewable energy certificates from Cape Wind Associates, LLC. Published Editor-in-Chief & Co-Publisher, Merry Eisner-Heidorn Rep. Patricia Haddad, whose hometown of Somerset wants to become a hub for the offshore wind industry, also appeared on the Codcast and described the price situation as a bump in the road for offshore wind. Avangrids Kimmell says wind farm needs very modest price increase, 10 years in, a dispatch from the Cape Flyer, MBTA speed restrictions trending in wrong direction, MTA gearing up to push for new ballot questions, Grid shifts to operating reserves to deal with transmission outage, Campbell at odds with Healey on offshore wind, Oil is not a good bridge fuel to the future, R.I. official: Offshore wind regulators facing Hobsons choice, Massachusetts Association of Community Colleges, The Richard and Susan Smith Family Foundation. See here for a complete list of exchanges and delays. Hecla Emissions Management is out with an analysis suggesting during the first three years, the liability for the shipping industry might reach nearly $20 billion. After review of the record evidence, the department finds that the proposals selected by the [utilities] include sufficient information concerning the design, development, financing, and construction of the projects for the [utilities] to reasonably conclude that the selected projects are viable and would be completed in a commercially reasonable timeframe, the DPU order said. Great post Mr.Axel. First Amendment to Unitil's long-term power purchase agreement with Blue Sky West (Bingham Wind Project), Six long-term contracts for procurement of renewable energy and renewable energy credits from 6individual wind projects, First amendment to National Grid'spower purchase agreement with Blue Sky West, LLC (Bingham Wind Project), Five long-term contracts for procurement of renewable energy and renewable energy credits from 5individual wind projects. The utilities had urged the DPU to make the decision it did, but the Baker administraton and Healeys office remained largely on the sidelines. But your opinion may not convince me that my facts are wrong. The Massachusetts Department of Public Utilities (DPU) wrapped up 2022 by issuing several new orders, among them also an order approving the power purchase agreements (PPAs) for Mayflower Wind and Commonwealth Wind projects, although Avangrid filed a motion to dismiss the proceedings for the latter in mid-December, with plans to re-apply at the . Thank you for your website feedback! Use this button to show and access all levels. Approval Moves Forward 804 MW Mayflower Wind Offshore Wind Project. If you would like to continue helping us improve Mass.gov, join our user panel to test new features for the site. According to the DPU, for the utility companies the PPAs were a result of a robust competitive solicitation and were negotiated in good faith. A .mass.gov website belongs to an official government organization in Massachusetts. But breaking contracts might doom them as well as the lower rates in their contracts if they dont get want they want. Madhya Pradesh: Home of Indian man who urinated on tribal worker - BBC Approving the motion to dismiss at this very late stage would significantly undermine what to date has been a very successful process established in Massachusetts to encourage the development of offshore wind projects, the letter reads. In the notice of appeal, Avangrid contends that the DPU failed to consider the changes while the regulators previously said the rules require fair pricing for the energy but state law does not require the PPAs to guarantee financing for the projects. Avangrid, the US subsidiary of the Spanish renewable energy developer Iberdrola, submitted its motion for the 1,232 MW Commonwealth Wind offshore wind farm on 20 October, saying the project was no longer viable under the current PPAs and would thus not be able to move forward. The decision was dated Friday. Please clarify if this has anything to do with the Vineyard One project. Healey is scheduled to take over as governor next week and has made offshore wind a centerpiece of her climate change efforts. On Friday, Dec. 23, a letter was sent to DPU secretary Mark Marini by attorneys representing multiple electric companies that asked for Commonwealth Winds request to be denied. We remain prepared to move forward once all necessary approvals are received, he said. I also suspect they want to break their contracts so they can negotiate a much higher rate return. Bankrupt retailer Bed Bath & Beyond has ended its efforts to find a buyer for its entire Buy Buy Baby business, and it will instead seek U.S. court approval for a more limited sale of Buy Buy Baby's intellectual property assets. The Maritime Executive. We realized we were not entitled to just throw our waste anywhere we wanted regardless of the consequences. Avangrid spokesperson Craig Gilvarg said the company "can present a proposal that would return the project to economic viability" and intends to present that information to the state in coming days. 200,000 t. Under these conditions, we are perfectly prepared to [], Shell and Ocean Winds Joint Venture Seeks to Terminate and Rebid US Offshore Wind Contracts, Avangrid Decides to Back Out of PPAs Signed for 1.2 GW Massachusetts Project, Plans It for April Solicitation, Massachusetts DPU Approves Offshore Wind Power Supply Contracts, Including PPAs for Avangrids Commonwealth Wind, Massachusetts Utilities Request DPU Approval for Mayflower, Commonwealth Wind Contracts, Mayflower Wind Withdraws Motion to Suspend PPA Review, Avangrid Seeking Postponement of Commonwealth Winds PPA Review, Commonwealth Wind Requests a Few More Days to Respond to DPU, Massachusetts Goes All-In on Offshore Wind with Latest Solicitation Round, Two German Steel Producers to Buy Baltic Eagle Electricity, Shell-OW: Mayflower Did Not State Project Was Not Viable, Salzgitter and Iberdrola Sign Offshore Wind Power Purchase Agreement, Iberdrola Unveils New York Power Grid Upgrade Plans. A link has been emailed to you - check your inbox. Massachusetts utilities with agreements to buy power from Commonwealth and Mayflower are units of Eversource Energy (ES.N), National Grid PLC (NG.L) and Unitil Corp (UTL.N). The three DPU commissioners concluded the offshore wind developers had freely negotiated their agreements and now could not back out of them. In addition, the DPU regulates the safety of bus companies, moving companies, and transportation network companies. 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First amendment to the Company's power purchase agreement with Blue Sky West, LLC (Bingham Wind Project), Two long-term contracts to purchase solar renewable energy certificates from HelioSage LLC, Long-term contract to purchase wind power and renewable energy certificates from Cape Wind Associates, LLC, Long-term contract with Noble Passadumkeag Windpark, LLC, Long-term contract to purchase wind power, renewable energy certificates and capacity from Blue Sky East, LLC, Long-term contract to purchase wind power and renewable energy certificates from New England Wind, LLC, Long-term contract to purchase wind power and renewable energy certificates from Groton Wind, LLC, Long-term contract to purchase wind power and renewable energy certificates from American Pro Wind, LLC, Long-term contract to purchase wind power and renewable energy certificates from Pioneer Valley Wind, LLC, Joint petition for approval of a proposed timetable and method for the solicitation and execution of long-term offshore wind energy contracts, Joint petition for approval of a proposed timetable and method for the solicitation and execution of long-term clean energy contracts, Joint petition for approval of a proposed timetable and method for the solicitation and execution of long-term contracts for renewable energy, Joint petition for approval of a proposed timetable and method for the solicitation and execution of long-term contracts with newly developed, small, emerging or diverse renewable energy distributed generation facilities, Petition of NSTAR Electric Company for approval of the timetable and method for the solicitation and execution of long-term solar renewable contracts, Petition of NSTAR Electric Company for approval of a proposed timetable and method for the solicitation and execution of a long-term contract for renewable energy with Cape Wind Associates, LLC, National Grid petition for approval of a timetable and method to solicit a longterm contract with Cape Wind Associates, LLC, Joint petition for approval of the timetable and method for the solicitation and execution of longterm contracts for renewable energy. As a result of a stringent review, Mayflower Wind was determined to provide the greatest overall value to Massachusetts customers by delivering approximately 800 MW of offshore wind capacity per year while providing substantial ratepayer benefits. The order faulted the company for waiting until the last minute to raise concerns about its power purchase agreement, which was filed with the DPU on May 25. The argument is at what cost? New technology that gives one better efficiency at lower cost is welcome. 0 Comments Young | State House News Service Jan 2, 2023 Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. It is not required by statute, therefore, that the companies demonstrate that the PPAs guarantee that the projects will be financed, as Commonwealth Wind contends, the commissioners said. Electricity, Energy, Offshore Wind This page is located more than 3 levels deep within a topic. The Department of Public Utilities (DPU) is an adjudicatory agency overseen by a three-member Commission. In May, the EDCs submitted petitions for the Massachusetts DPU to start with the PPA review and approval proceedings. The power agreements were part of Massachusetts third round of auctions in the spring of 2022 with the contracts completed in May 2022, which set the price of the energy and the date for commencing operations as not later than November 1, 2027. Avangrid notified the Massachusetts DPU of its decision on 14 November following to the state regulators order issued ten days earlier, in which the DPU denied the developers request for a one-month suspension of the PPA proceedings to renegotiate the agreements with the electric distribution companies (EDCs). Our Standards: The Thomson Reuters Trust Principles. The Massachusetts Department of Public Utilities (DPU) has approved two 20-year Power Purchase Agreements (PPA) for the Commonwealth Wind and Mayflower Wind offshore wind projects despite concerns from developers over financial viability. andy tell me honestly that we were better off then than we are now. Bankrupt retailer Bed Bath & Beyond has ended its efforts to find a buyer for its entire Buy Buy Baby business, and it will instead seek U.S. court approval for a more limited sale of Buy Buy Baby's intellectual property assets. However, the developer has kept its position that under the conditions in the current PPAs the 1.2 GW project would not be economically viable. We expect them to write a contract they can fulfill and to anticipate what costs might be before signing. Its major duties include the regulation of public utility companies that distribute electric power . But on November 4 th, the Massachusetts DPU (Department of Public Utilities), rejected the motions brought forward by both the Commonwealth and Mayflower Wind Projects as the three utility companies with which the developers signed PPAs had indicated that they do not intend to renegotiate them. Real working class peopleIE, conservative do badders are much too busy working to bother with protesting about anything, except of course, the peaceful transfer of presidential power as mandated by the constitution. The Department of Public Utilities (DPU) is an adjudicatory agency overseen by a three-member Commission. Jul 7, 2023 4:33 PM by Massachusetts Department of Public Utilities - Wikipedia Potomac, MD 20854 Despite continuing calls for government intervention from industry across Canada and in the United States, so far, the Canadian government has not acted, and as a result, carriers are beginning to reroute some ships. Avangrid is a subsidiary of Spanish firm Iberdrola Group, which recently agreed to sell a 49% stake in its 350MW Wikinger offshore wind farm. Rivers such as the Delaware below Philadelphia were so polluted that nothing lived in it, and pilots could smell the stench when they flew over it at 5,000 ft. Avangrid, the developer of the 1.2 GW Commonwealth Wind offshore wind project in Massachusetts, has filed a motion to dismiss the ongoing review and approval proceedings for its power purchase agreements (PPAs) at the Massachusetts Department of Public Utilities (DPU) and plans to take the project to the upcoming offshore wind solicitation in the state. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. DPU rejects wind developer's bid for contract relief - CommonWealth The company also reached an agreement with New Jerseys power utility PSEG to buyout the companys stake in the Ocean Wind project. Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo, P.C. Mayflower, which is owned by units of Shell PLC (SHEL.L) and Ocean Winds, said the DPU should grant Commonwealth's motion "to address the impact of current extraordinary global economic conditions" on the agreements. The decision could also jeopardize economic development projects that were expected to accompany the Commonwealth Wind project, including a subsea cable manufacturing facility at Brayton Point in Somerset and a significant makeover of the Salem waterfront to make way for offshore wind development there. andy I am amazed that you can look at history and not learn from it. It certainly is a feel good commodity for the do gooders but it will never be profitable. Thats impressive. Exclusive news, data and analytics for financial market professionals, Reporting by Scott DiSavino; editing by Grant McCool, Mexican Pemex estimates platform fire shut in 700,000 barrels of oil, TotalEnergies boss: 2024 U.S. election could cause energy shock, Two dead, output impacted after fire engulfs Mexican oil platform, Russia seeks UN Security Council meeting on Nord Stream blasts, Bed Bath & Beyond ends auction for Buy Buy Baby stores, Rivian's stock rallies to highest in 2023 after posting strong deliveries, Airbus to handle some A380 repairs after wing-spar cracking, Biotech firms target weight-loss drugs without Wegovy's side-effects, US private-equity firm 777 Partners in talks with Boeing, ATR over new jet order. The three DPU commissioners concluded the offshore wind developers had freely negotiated their agreements and now could not back out of them. In an effort to take bold action to address the Commonwealths climate impact, the Administration has, to date, secured 9,450,000 MWh of hydroelectric energy and 1,600 MW of offshore wind energy. Avangrid, the developer behind Commonwealth Wind, had asked the DPU to dismiss its power purchase agreements because rising inflation and interest rates as well as supply chain disruptions and the war in Ukraine had driven up costs to a point where the existing pricing was no longer sufficient to finance and build the project. The Richard and Susan Smith Family Foundation. Thank you for your website feedback! Massachusetts DPU Approves Zoning Bylaw Exemptions for Two Energy The department directs Commonwealth Wind and Mayflower Wind to notify the department and the [utility] companies of their election within three business days of this order.. Avangrid owns half of the Vineyard Wind project. Department of Public Utilities | Mass.gov Avangrid said it was reviewing the DPU order and assessing its legal options, suggesting the matter could end up in court. 83C III - Massachusetts Clean Energy And while we are talking about the potential of new technologies,I wonder if you have ever heard of Fultons folly ? As the DPU asked the developer to either proceed with the current PPAs or move for a dismissal of the approval proceedings, Mayflower Wind a joint venture between Shell and Ocean Winds which joined Avangrids case withdrew its motion shortly after the DPU issued its order. Theres no way we could have anticipated any of these hurdles or any of these bumps in the road, she said. As we assess our options and pursue the best course for the project, we will continue to work closely with our business, labor, industry, environmental, and community partners, as well as the incoming Healey-Driscoll administration, to ensure Commonwealth Wind can move forward, maintain the same urgent timeline, and help Massachusetts meet its nation-leading climate target for 2030, the statement said. Noting that the Commonwealth Wind contracts were . Published Commonwealth, however, said it "remains committed to the project" and still expects it could enter service in 2028. She joined Kimmell in criticizing the states utilities for balking at the need to reopen the contract and renegotiate the price. These are the very same theys that want the government to control the choices a woman can make about her body, who someone can marry, what types of surgery people may have, what bathrooms they can go into, what substances they may ingest, and increasingly, what books may be read in public libraries and schools. (Promulgated 220 CMR 21.00 et seq.). This contract was filed with the department as part of our responsibility to procure the energy supply needed to help the Commonwealth achieve its clean energy goals while providing our customers with safe, reliable service. Im would be just fine trading our government, regulatory and tax system with any Scandinavian country Andy. Would you expect them to just absorb that cost before construction ? Sand-free finale for the Beach Road project? Yes, andy, you are absolutely correct they ARE fearful of everything and love government control. In October, Commonwealth sought a one-month suspension of the DPU proceedings and said the project "is no longer viable because of recent global commodity price increases" due to "the war in Ukraine, interest rates, supply chain constraints, and persistent inflation.". After the decision, the companies said they were reviewing their options and now Avangrid has filed a notice of appeal with the DPU. PSEG said it would permit the project to take better advantage of incentives and tax provisions introduced by the Biden administration to spur the development of renewable energy. Massachusetts regulators denied Avangrids request to back out of PPAs for the 1,200-MW Commonwealth Wind project it committed to build off the states coast. But I have faith that someday, once we become reliant on wind and solar power, the executives of those companies will be able to cite some real or made up national emergency and raise the price at will in order to gouge the working class,( and the lazy do gooders also of course) and become billionaires. The Commonwealth Wind and Mayflower projects, which were due to come online in 2028, represent the bulk of offshore wind in development off the Massachusetts coast, and any lengthy delays in getting them approved would make it more difficult for Massachusetts to meet its 2030 climate change and emission goals. That motion raised questions about the future of Commonwealth's offshore wind project. The Commonwealth of Massachusetts DEPARTMENT OF PUBLIC UTILITIES D.P.U. A .mass.gov website belongs to an official government organization in Massachusetts. As a result, citizens of countries like France, which is in about the middle of gas prices in Europe are currently paying $6.50 U.S dollars per gallon, and 21.5 cents per KWH. The Department of Public Utilities on Friday approved the contracts between both the Commonwealth Wind and Mayflower Wind offshore wind projects and Bay State utilities, rejecting Commonwealth Wind's request to scrap an agreement that it says would not allow its project to be financed and built. Avangrid will go to court in Massachusetts pursuing its claim to walk away from the agreements. I dont think its the price of wind power that is driving the overall price. by Ros Davidson. For the reasons stated in Commonwealth Winds prior submissions, Commonwealth Wind strongly believes that it is in the public interest to allow the parties to negotiate PPA contract amendments that allow Commonwealth Winds offshore wind generation project to be economically viable, to obtain financing and to proceed to construction and, finally, to deliver Massachusetts customers cost-effective renewable energy at prices that would be lower than alternatives, Commonwealth Wind states in its notice to the DPU. Vineyard Wind, the nations first industrial-scale wind farm, currently remains on schedule to begin generating some power at the end of next year. Please remove any contact information or personal data from your feedback. Pravesh Shukla was arrested in Madhya Pradesh state after his act sparked outrage in India. The mission of the Electric Power Division is to ensure that electric distribution companies in Massachusetts provide their customers with the most reliable resource at the lowest possible cost. Please limit your input to 500 characters. The DPUs Order approved the selection and found that these contracts are cost-effective as well as in the public interest. Commonwealth is a unit of U.S. power company Avangrid Inc (AGR.N), which is majority owned by Spanish energy company Iberdrola SA (IBE.MC). If not, perhaps you could take a few minutes out of your busy working day and read this: The department has expended precious resources over the last several months investigating power purchase agreements that, according to Commonwealth Wind, no longer facilitate financing for the project, the commissioners said. MWh of hydroelectric energy and 1,600 MW of offshore wind energy. That price will remain fixed for the 20-year life of the contract. On the other side we expect govt of Tisbury to negotiate so that contract costs dont go up. And you know what ? We also oversee the safety of natural gas pipelines. Boston The Department of Public Utilities (DPU) has issued anOrderapproving long-term contracts for 804 MW of offshore wind between Mayflower Wind and the Commonwealths Electric Distribution Companies. It would be cheaper after all. If that . Please limit your input to 500 characters. Take away their power. Massachusetts Department of Public Utilities dismissed the claims and pushed forward with the process. Commonwealth Wind filed an 11-page motion on Dec. 16 with the Massachusetts Department of Public Utilities (DPU) to have several long-term power purchase agreement (PPA) contracts with. Massachusetts regulator the Department of Public Utilities (DPU) approved offtake contracts for the 1.2GW project under development by Iberdrola-backed Avangrid as well as Mayflower Wind's 405MW array in an order released today (Friday). Commonwealth Wind moves forward with Mass. offshore wind agreement Copyright 2023 The Martha's Vineyard Times, Commonwealth Wind wants to back out of contracts. In the letter, the developer retains its position on the significant changes in global supply and macroeconomics that are affecting the project and says that Mayflower Wind will provide the electric distribution companies and the DPU with detailed third-party analysis demonstrating challenges to financeability, with the goal of finding solutions that provide value to the rate payers. The developer behind the largest single offshore wind farm in the state's pipeline on Thursday filed a formal notice of appeal to contest the Department of Public Utilities' approval of. Avangrid, the U.S. developer owned by Spanish energy company Iberdrola, has repeatedly cited the increased costs and changes in the supply chain and market since the contracts were entered into calling for delays on their approval and renegotiations to adjust the terms. Still, the state regulator provided the reason behind its decision on the motions themselves, regardless of the already familiar position of the EDCs on renegotiation of the agreements. I guess the whales got through to them. The company has filed an appeal with state regulators and says it will go to court in its effort to rebid the contracts after Massachusetts rebuked the companys earlier efforts after citing the changing economics for the project. It is responsible for oversight of investor-owned electric power, natural gas, and water utilities in the Commonwealth. Some page levels are currently hidden. Namely, according to the DPU, the motions aim of avoiding delays by allowing the extension of the procedural deadline would not be achieved even in the case the developers were willing to renegotiate PPAs, since the parties to the PPAs would be starting the process from the beginning. In effect, the parties to the power purchase agreements would be starting over, and as such there is no delay avoided or efficiency gained by granting a stay as opposed to the companies withdrawing their petitions and submitting renegotiated power purchase agreements, if any, at a future date., At times in their order, the commissioners seemed peeved. People in Pittsburgh had to brush the soot off of their clothes before they could go into their houses, The ground was often not visible from the observation deck of the empire state building on sunny days.The smog was so bad in Los Angeles that people woke up one morning thinking they were victims of some sort of gas attack. The DPU said Commonwealth and Mayflower must decide whether they intend to move forward with their contractual obligations or file a request to dismiss the proceedings. The economic development commitments made by the two wind farm developers are also legally binding, but the DPU order says the the Department of Energy Resources, not the utilities, would be charged with enforcing the commitments. Massachusetts is relying on offshore wind power generation to be a major contributor to its decarbonization goals over the next three decades, not to mention billions of dollars in projected. The state regulator argues that the company was aware of this for a month and that it did not disclose these findings until it filed its motion, even though it notified investors on 22 September that the project completion had been postponed until 2028 and that PPAs would be renegotiated. Rulemaking revising 220 CMR 17.00 et seq. Avangrid asks regulators to dismiss 1.2-GW Commonwealth offshore wind |. andy once again you cite the they and pontificate about what they want. The feedback will only be used for improving the website. Need to report abuse or request urgent assistance? Mayflower is owned by units of Shell PLC (SHEL.L) and Ocean Winds. andy Most European countries dont subsidize their oil companies like the U.S does. Our news roundup delivered every weekday. They were filed with the department as part of our responsibility to procure the energy supply needed to help the commonwealth achieve its clean energy goals and provide our customers with safe, reliable service. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. William Hinkle, a spokesman for Eversource, issued a statement that stayed away from the controversy. These issues are coming as the Biden administration is working to accelerate the process for offshore wind development. All rights reserved. In August 2020, the Department of Energy Resources launched the first-in-the-nation Clean Peak Energy Standard (CPS) a financial incentive program that promotes the use of clean energy technologies during periods of high, carbon intensive, and expensive electricity demand.
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