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PG&E Touts Biggest Ratepayer Bond in U.S. History

24 Nov

Pacific Gas & Electric argues that its proposal before utility regulators to issue $7.5 billion in 30-year bonds to be repaid by ratepayers is a good deal for its customers. This low-cost refinancing of shareholder debt to cover utility wildfire costs “will enable PG&E to promptly move $6 billion in debt off its balance sheet,” […]

The Buzz

19 Nov

State utility regulators aim to move on demand side resources to avoid outages when it is roasting hot next summer. They plan to take the unusual step of expediting changes to California Public Utilities Commission resource adequacy, demand response and other load reduction programs. Over at the nation’s capital, the Federal Energy Regulatory Commission holds […]

CPUC Will Scour for Demand Side Resources

19 Nov

In order to avoid a replay of rolling blackouts next summer, the California Public Utilities Commission voted unanimously to expedite rules to get more resources connected to the grid, avoiding the typical, years-long process. The new rulemaking considers temporary changes to resource adequacy, demand response, load shifting and other like programs and rules.  The commission […]

CAISO Rules Evolve to Accommodate Solar Plus Storage

19 Nov

To accommodate the growth in battery projects paired with solar plants, the California grid operator’s board Nov. 18 further loosened constraints and will allow project operators to send more or less power into the market than initially bid. Allowing deviations from original bids aims to use more renewable power produced by combined solar-battery generators, reducing […]

Klamath Dams Closer to Demolition

17 Nov

Four years after a historic agreement was reached to remove dams on the Klamath River to revive the once surging salmon runs, a new revision was announced Nov. 17. It is expected to satisfy a controversial condition added by the Federal Energy Regulatory Commission last July. “According to many FERC nerds, this is going to […]

Shorts

17 Nov

East Bay Community Energy pulled from its Nov. 18 board agenda the issue of a whether to use the nuclear power from Diablo Canyon. “The item was pulled due to lack of interest among the largest Brilliant 100 customer base and it won’t be reconsidered in 2020,” Melissa Brandt, EBCE spokesperson, said. Local power activists have objected […]

The Buzz

12 Nov

Pacific Gas & Electric pitches a plan to transfer $7.5 billion of shareholder debt to ratepayers, which gets raked over the coals. Consumer advocates argue that substituting long-term ratepayer-backed bonds for the bankruptcy debt puts customers’ pocketbooks at risk and fails to meet legal requirements. Those mandates include that the financing be rate neutral and […]

PG&E’s $7.5B Ratepayer Bond Would Assume Shareholder Debt

10 Nov

Pacific Gas & Electric is seeking regulatory permission to shift $7.5 billion of its 2017 wildfire costs from shareholders to ratepayers. Ratepayer advocate groups, both large and small, strenuously object on grounds it places an inordinate financial risk on utility customers while providing them little or no benefit. “It is morally reprehensible,” April Rose Maurath […]

Consumer Advocates Push for $255M SoCalGas Penalty

10 Nov

The official advocate for California utility ratepayers says the state should punish Southern California Gas by fining it $255.3 million for illegally using ratepayer money to thwart energy efficiency building codes and appliance standards. “Since at least 2014, SoCalGas has engaged in a concerted effort to undermine the state’s energy efficiency goals related to new […]

CAISO Executive Redo Launched

10 Nov

The new chief of the California Independent System Operator, Elliot Mainzer, announced an executive reorganization Nov. 6. It switches around managers in market policy, operations, planning and technology departments with the aim of broadening their understanding of how the grid works as it moves towards decarbonization.  “Internal mobility brings new thinking, new blood and new […]

The Buzz

6 Nov

Neil Chatterjee, who has served as the Federal Energy Regulatory Commission chair for more than two years, is suddenly replaced. President Trump late Thursday names James Danly the new FERC chief. In blue California, state utility regulators approve Southern California Edison’s plan to issue $337 million in ratepayer-backed bonds to recover the costs of making […]

SCE $337M Ratepayer-Funded Bond Approved

5 Nov

With no discussion, the California Public Utilities Commission unanimously voted to allow Southern California Edison to issue $337 million in bonds fully backed by ratepayers early next year. They are to cover the first round of the utility’s recent grid hardening costs. Intervenors who opposed SCE’s initial bond proposal, led by The Wild Tree Foundation, […]

CPUC Suspends Questionable Shareholder Bonuses

5 Nov

The California Public Utilities Commission voted 5-0 to halt paying shareholders each year $30-$75 million from ratepayer pockets for unearned energy efficiency savings.  Cal Advocates, the ratepayer advocate at the CPUC, successfully argued there was no evidence that the energy efficiency bonus program has caused the private utilities to prioritize efficiency beyond what is required.  […]

Sempra Energy’s Earnings are Middle of the Road

5 Nov

Sempra Energy’s latest earnings were not as bright as those of Pacific Gas & Electric Corp, nor as dismal as Edison International’s, both of which were reported last week. Sempra’s profits fell to $421 million, or $1.21 a share, compared to $909 million, or $2.93 a share, in last year’s third quarter. At the same […]

PG&E Admits Flaws in Wildfire Reduction Program

3 Nov

Pacific Gas & Electric is acknowledging serious deficiencies in a program aimed at removing trees and limbs near utility equipment in high fire threat areas. Responding to criticisms raised last month, the utility agreed with the federal Court Monitor Mark Filip that its operational decisions “must give greater weight to working the riskiest areas first […]

State Regulators Face Solar Dilemma

3 Nov

Monday’s kickoff of California’s long-awaited proceeding to update net energy metering highlighted regulators’ dilemma of how to grow solar resources without shifting system costs to customers who don’t own solar energy projects. Nationally, hopes are high that California’s proceeding will offer breakthrough solutions to the troublesome successor tariff complexities that have emerged in other states […]

Guest Juice: Energy Crisis 2.0: It’s Time to Use Our Smart Meters

2 Nov

The rolling blackouts, according to the Preliminary Report on Causes of August Rotating Outages, were fundamentally caused by a California Independent System Operator software glitch and community choice agencies, utilities and direct access providers collectively under-scheduling customer demand in the Day-Ahead Market by ~7% to 8% on Aug. 14 and 15. Ordinarily the under-scheduling wouldn’t […]

The Buzz

30 Oct

Two California private utility parents report third quarter earnings, one bearing good news and the other far from rosy. Pacific Gas & Electric gets a post-bankruptcy bounce. Edison International goes the opposite direction. SoCalGas gets slammed for its climate damaging activities, from undermining home electrification to suing the state for its clean trucks rule. Sen. […]

Feinstein and Barragan Take Aim at SoCal Gas for Astroturfing

29 Oct

Sen. Dianne Feinstein (D-CA) and Rep. Nanette Barragán (D-CA) are demanding answers from Southern California Gas about its ongoing attempts to undermine California policy aimed at phasing out natural gas use. They specifically cite the company’s attacks against construction electrification ordinances and truck electrification. In an Oct. 29 letter to the head of the gas […]

New Energy Providers Join Forces Against Entrenched Agency Rules

29 Oct

Bureaucratic red tape at the California Public Utilities Commission prevented East Bay Community Energy from contracting for clean, behind-the-meter electricity last year that could have provided power or lowered demand during the August heat waves. The resources were designated to help meet East Bay’s 2020 resource adequacy obligations. The community aggregator says it also is […]

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