The Buzz

23 Oct 2020

State utility regulators allow Pacific Gas & Electric to fold $447 million into rates to recoup part of its wildfire tab. Whether these incurred costs linked to different accounts are reasonable will be determined later.

Also this week, a majority of the California Public Utilities Commission refuses to back a penalty program aimed at stopping poor ratepayers from being ripped off by sleezy solar contractors. Commissioner Martha Guzman Aceves gives her colleagues a piece of her mind, saying they are against regulatory enforcement.

PG&E shuts off power to about 32,000 customers this week in the face of threatening weather conditions. It expects to blackout even more ratepayers starting this Sunday because of riskier forecast fire conditions.

The 2,200 MW Diablo nuclear plant is still not sending any power to the grid. PG&E’s Unit 2 was forced offline during last week’s call for conservation because a key component in its electric generator malfunctioned again. Making matters worse is that it recently underwent about a $100 million rebuild.

A CPUC judge requires a financing team be created to keep tabs on Southern California Edison’s $337M ratepayer-backed bond to ensure it costs the least amount possible. He also won’t let Edison take any short cuts when pursuing subsequent bond issuances under the new law created by AB 1054.

A coalition of community energy organizations band together to bid up to 500 MW of long duration energy storage.  The joint bid is expected to lower costs and risks and give long-lasting storage a big market boost.

And more…

The Editors

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