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Private Utilities Face Wildfire Mitigation Plan Hurdles

18 Sep

California’s three large investor-owned utilities reported progress implementing their mandated SB 901 wildfire mitigation plans, but the shortage of tree trimmers and composite poles are among the challenges hampering their efforts. San Diego Gas & Electric’s Jonathan Woldemariam, director of wildfire mitigation and vegetation management, said Sept. 17 that the work has been “a humbling […]

Shorts

16 Sep

Pacific Gas & Electric and the Sacramento Municipal Utility District joined a suit filed by six other utility companies across the country challenging the Trump Administration’s replacement of the Clean Power Plan. It sought to reduce coal power plant emissions. The utilities are part of a group called the Power Companies Climate Coalition, which filed […]

The Buzz

13 Sep

The California Public Utilities Commission votes to increase PG&E’s gas transmission and storage revenue this year to $1.3 billion, with even bigger raises the next couple of years. State energy regulators direct $100 million in unspent clean energy incentives to low-income ratepayers and critical services providers for energy storage installations in areas with high wildfire […]

CPUC Okays PG&E Gas Transmission Revenue Hike

12 Sep

At her first meeting, new California Public Utilities Commission President Marybel Batjer and her fellow commissioners approved raising Pacific Gas & Electric’s revenue for gas transmission and storage to $1.3 billion this year. The commissioners Sept. 12 also unanimously backed targeting $100 million in new incentives for off grid clean power systems in high risk […]

PG&E Pitches $18B Reorganization Scheme

11 Sep

In order to exit bankruptcy court, Pacific Gas & Electric Sept. 9 proposed a $17.9 billion reorganization plan, which would limit wildfire claim payouts. The reorganization plan includes up to $8.4 billion for wildfire victims. Another $8.5 billion is included for insurance company claims. There’s also $1 billion for claims from cities and other public […]

SF Offers PG&E $2.5B for City Utility Assets

10 Sep

Prior to Pacific Gas & Electric filing its $18 billion reorganization proposal to exit bankruptcy, the San Francisco Public Utilities Commission offered the utility $2.5 billion to take over its electric power system in the city. The offer includes folding in local PG&E utility employees who decide to work for any expanded San Francisco power […]

The Buzz

29 Aug

A newly amended bill that would make PG&E greener financially at ratepayers’ expense is floated. But, it may be headed for a crash landing. Another legislative action, one seeking a Constitutional Amendment, would make nuclear energy eligible for green status under California’s Renewable Portfolio Standard. The proposal seeks to bolster the financial prospects of the […]

Bill to Boost PG&E’$ Prospects a Lead Balloon?

29 Aug

A recently amended bill that would increase the financial burden on Pacific Gas & Electric ratepayers appears to have fizzled. AB 235 by Assemblymember Chad Mayes (R-Riverside), amended on Aug. 20, was said to allow PG&E to issue up to $20 billion in bonds to cover 2017-18 wildfire claims against the utility. The bonds would […]

CPUC Zeros In on Rate Hike Impacts on the Poor

26 Aug

Proposed metrics to better represent the hit of rate increases on struggling households was the focus of a California Public Utilities Commission workshop held Aug. 26. The CPUC staff’s draft proposal includes an “ability to pay” metric. This affordability index looks specifically at how much of a low-income household’s income is spent on essential utility […]

The Buzz

15 Aug

The California Public Utilities Commission says goodbye to President Mike Picker. The five commissioners also approve new decade-long energy efficiency targets and SDG&E’s $100 million heavy-duty vehicle electrification program. The California Independent System Operator gets a CEC pat on the back for being the new Reliability Coordinator. The Energy Commission also adopts impressive new rules […]

Picker Bids Adieu, CPUC OKs 10-Year Conservation Targets

15 Aug

This week, President Mike Picker presided over his last California Public Utilities Commission meeting. In response to kudos from fellow commissioners and others for his six years of work at the CPUC, Picker said he does not believe in legacies. “I’m not a judge of what’s right or wrong, but I hope everyone here [at […]

Shorts

13 Aug

Pacific Gas & Electric appointed a new utility chief executive officer and president. Andrew Vesey was selected to head the bankrupt utility, PG&E announced Aug. 13. Vesey was the managing director and chief executive officer of AGL Energy in Australia from 2015 to 2018. The prior 11 years, he served as AES Corp.’s chief executive […]

PG&E Sees Big Loss, Hedge Funds Offer $15B

12 Aug

Unlike California’s two other private utilities, massive wildfire claims caused Pacific Gas & Electric Corp. to lose a whopping $2.6 billion, according to its second quarter 2019 earnings report released Aug. 9. That loss, equating to a minus $4.95 per share, compares to a $984 million loss, or $1.98 a share, in the second quarter […]

California IOU Earnings in the Black

5 Aug

California investor-owned utilities showed profits during the second quarter this year, as PG&E announced ahead of its quarterly earnings statement it hopes to deliver shareholder returns even while it’s in bankruptcy. California energy companies credited Gov. Gavin Newsom and state lawmakers for creating a new wildfire liability insurance fund for state utilities earlier this summer, […]

Shorts

9 Jul

Updated July 11. The Senate Energy & Natural Resources committee held a celebratory hearing July 11 on growing U.S. exports of liquefied natural gas. “We are now leading the world in natural gas production, and hopefully soon, we will also lead in exports,” said panel chair Sen. Lisa Murkowski (D-AK. “More U.S. LNG export facilities […]

Undercurrents: Diablo Closure’s Money Impact Limited

2 Jul

The financial impact to the Central California Coast from the closure of Pacific Gas & Electric’s Diablo Canyon nuclear power plant is not expected to be significant. The impact of the 2,200 MW Diablo plant closure slated for 2024-25 is projected to result in an annual loss of about $800 million to San Luis Obispo […]

CPUC Weighs Penalizing PG&E for 2017 Wildfires

27 Jun

The California Public Utilities Commission announced the evening of June 27 that it initiated a proceeding to consider fining Pacific Gas & Electric for 15 of the 17 devastating blazes its equipment sparked in October 2017. “PG&E’s violations during the 2017 fire siege are extensive and disturbing, and go to basic requirements, such as the […]

CPUC to Investigate SoCal Gas Safety

27 Jun

The California Public Utilities Commission June 27 launched an investigation into the safety cultures of SoCal Gas and its parent company following large and small gas pipeline explosions and leaks since 2015. “There are significant questions about SoCal Gas’ safety practices and priorities,” said Commissioner Liane Randolph. She pointed to a report released mid-May on […]

Resolution of Spent Fuel Storage Remains Illusive

27 Jun

The U.S. Senate Energy & Natural Resources Committee June 27 attempted again to break the stalemate on moving growing levels of spent nuclear waste stored onsite at power plants and elsewhere into one or more licensed long-term waste repositories. “Our nation’s nuclear industry is critically important, but also faces a number of challenges, and one […]

Shorts

27 Jun

Updated June 27 The California Air Resources Board adopted certification regulations for heavy duty electric and fuel cell vehicle powertrains. They aim to increase transparency, reliability and reparability of the vehicles. The powertrain rules, approved June 27, also seek to protect the state’s investment in heavy duty alternative vehicle technologies and consumers. That state has […]