The Buzz

8 Aug 2019

Two of California’s major utilities show reasonable profits in their second quarter results and bankrupt Pacific Gas & Electric says it expects to show a profit when it releases its financial results.

Meanwhile, independent power generators post largely ho hum financial statements, although NextEra stands out with earnings that shine.

In a sign of better days to come, Moody’s revises its outlook for San Diego Gas & Electric from negative to positive after the state moves to set up a utility wildfire insurance fund.

In a potential boon for renewable fuel, SoCal Gas is set to receive renewable natural gas from what soon will be the largest dairy biogas plant in the nation as its construction finishes up in Tulare County.

When the Legislature returns from summer recess next week, lawmakers face votes on bills aimed at keeping the lights on for critical facilities when utilities shut down the grid to prevent wildfires.

Microgrids are becoming more economical and stand to play a growing role in creating energy resilience in communities battered by climate-driven extreme weather events, the California Energy Commission hears this week.

To advance building decarbonization, the California Public Utilities Commission opens the door to using energy efficiency funds to help finance electrification retrofits in existing buildings.

—The Editors

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