New York looks to Europe for offshore wind coordination, interconnection models to develop 9 GW; Seattle mayor proposes heating oil tax to push electrification; Los Angeles County to go carbon neutral by 2050; As co-ops struggle with stranded fossil fuel assets, Tri-State may finally embrace the energy transition
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The utility seeks to presume all power purchase agreements and pay its court-approved pre-bankruptcy claims through "cash raised from existing equity bond holders" and "equity financed securitized bonds."
State stakeholders say coordination is key as they juggle a variety of transmission players based on the lessons learned from Europe, where developers have installed more than 17 GW of offshore wind.
A major MISO transmission project could increase reliability and renewables in the Midwest, but opponents say there are better approaches to reducing carbon emissions.
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