US conglomerate to merge fossil fuel, clean energy and digital software units into spinoff firm to focus effort to meet rising global competition in changing global power market.
Project finance exec Glenn Youngkin, a Republican, is Virginia governor-elect, while New Jersey Gov. Phil Murphy squeaks to re-election; state Senate president Stephen Sweeney, an ironworkers' VP, concedes defeat and four big cities reject spending.
Interior Dept. announced proposed leases in U.S. waters off of North Carolina, Louisiana and Texas; environmental review of 2-GW project south of Martha's Vineyard begins.
Giant power provider's investment in grid clean energy and modernization now nears $17 billion through 2025, its CEO told investors on Sept. 29. Ralph Izzo supports Democrats' controversial Clean Electricity Performance Program, contained in the pending $3.5T reconciliation bill.
Massachusetts gains new proposals in third bid round for 1,600 MW of added capacity, while state's first project closes on $2.3B of construction finance and feds expand development off New York.
Contract value was not disclosed, but firm's offshore unit will produce the key component at its Texas oil and gas fabrication site for a NY project, said developers, who also said federal environmental review of an adjacent 924-MW wind farm had begun
$2.8B, 800MW Vineyard Wind, off Massachusetts, wins U.S. approval to be built under a PLA, as next 800MW state project moves ahead and new ocean real estate is auctioned to add more capacity.