The Buzz

7 May 2020

The California Public Utilities Commission staff releases a draft resolution that finds big holes in the private utilities 2020 plans for reducing wildfire threats. But it recommends they be approved.

Pacific Gas & Electric shareholders are on the hook for nearly $2 billion for numerous fires the company sparked in 2017 and 2018. The presiding Commissioner removes a $200 million fine because of PG&E’s financial obligations and is backed by his fellow regulators. That doesn’t stop him from criticizing the behavior of utility representatives.

Regulators also take another small step to lower home utility bills driven up by the mandate to stay at home.

Southern California Edison goes big on batteries. It announces contracts for 770 MW of new storage, most to be attached to utility scale solar farms.

Earlier, SCE’s parent reports a fall in earnings. But first quarter earnings for PG&E Corp. and Sempra Energy rise.  All the utilities reap higher rate recovery but also feel the impact of the pandemic.

A new CPUC report finds that the state’s renewable mandate has driven down the cost of solar, wind and other non-fossil resources. It also concludes that the investor-owned utilities and community energy exceed their 2019 renewable portfolio standard obligation.

And more…

The Editors

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