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Shorts

13 Nov

Updated Nov. 14. Marin Clean Energy’s latest climate action update shows that 22 of the 34 cities in its territory have opted for 100 percent renewable energy for their public facilities. The report also shows that Marin County now has more electric vehicle charging stations than gas stations. Local Bay Area energy agencies are soliciting […]

Undercurrents: Public Takeover of PG&E May Solve Little, Says CAISO Board Member

12 Nov

Updated Nov. 14. California Independent System Operator Board Member Severin Borenstein is warning that turning Pacific Gas & Electric into a cooperative or a publicly owned utility won’t necessarily be “the silver bullet that creates a more efficient, reliable, and safety-oriented electricity provider for Northern California.” Instead, he opined earlier this week, “it would at […]

The Buzz

7 Nov

The liability boulder around Pacific Gas & Electric’s neck may thwart its rescue by the federal bankruptcy court, its latest earnings report warnd. Meanwhile, the push for a public takeover of PG&E intensifies. State energy regulators unanimously approve requiring utilities, community choice and other providers to line up an additional 3,300 MW of energy reserves. […]

PG&E’s in Critical Condition, Earnings Report Warns

7 Nov

Pacific Gas & Electric Nov. 7 reported a whopping and unprecedented loss of $1.62 billion. Its third quarter earnings report, released without the standard accompaniment of a call with financial analysts, also stated that the company’s financial situation is in dire straits and that it faces a very uncertain future. PG&E Corp. and the utility […]

JUICE: Is Three the Charm for CA Energy Czar?

5 Nov

Gov. Gavin Newsom had to address the public outrage over Pacific Gas & Electric twice cutting off power to unprecedented numbers of people in the face of high fire danger, sparking wildfires and seeking protection in bankruptcy court in the face of massive fire liability. But if history is any indication, his recent appointment of […]

Newsom Names Energy Czar

5 Nov

Gov. Gavin Newsom Nov. 1 appointed California’s third energy czar in the 21st century to address the current energy crisis driven by utility wildfire liability and threats. The appointee is Newsom’s Cabinet Secretary Ana Matosantos. She also served under the Brown and Schwarzenegger gubernatorial administrations. Czarina Matosantos is specifically tasked with ensuring Pacific Gas & […]

Shorts

29 Oct

Updated Oct. 31. Southern California Edison will take the heat Nov. 13 in Fontana over public power safety shutoffs at a community meeting being organized by the city of Fontana in San Bernardino County just below the Cajon Pass. “Fontana is the windiest city in California,” said Mayor Acquanetta Warren. “We cannot have power outages […]

Newsom Pledges CPUC Action on PG&E Reimbursements

28 Oct

With more public safety power shutoffs in the offing, Gov. Gavin Newsom Oct. 28 doubled down on Pacific Gas & Electric. He pledged “forceful” action by the California Public Utilities Commission to get the utility to reimburse customers for losses due to shutoffs. He further reiterated that his office will work with bidders toward a […]

The Buzz

24 Oct

Shutoffs and more shutoffs more shutoffs this week because of dangerous winds and fires. Pacific Gas & Electric reports a transmission tower with broken jumper near the latest Sonoma fire. In the midst of blazes, major fire risks and public outrage over outages, regulators approve collecting $10.5 billion from utility ratepayers for a legislatively mandated wildfire […]

CPUC Approves Ratepayers Paying $10.5 B into Wildfire Fund

24 Oct

A wind-driven blaze that grew from 300 to 10,000 acres overnight in Sonoma County was the background for the California Public Utilities Commission’s Oct. 24 meeting. During the meeting held in Redding, regulators unanimously approved collecting $10.5 billion from utility ratepayers for a $21 billion utility wildfire fund. Southern California also was experiencing weather driven […]

JUICE: Piecing Together the Outage News Puzzles

22 Oct

I live in Alameda County in Northern California, while my co-editor Bill Kelly lives in Los Angeles County. This allows us to compare and contrast news coverage and public responses to energy happenings in our regions. Of late, we’ve focused on the fires and outages caused by the incumbent investor-owned utilities in our parts of […]

San Jose Mulls Taking Over PG&E Wires

22 Oct

San Jose’s new community choice aggregator is following in the footsteps of San Francisco CleanPower by also trying to buy out Pacific Gas & Electric’s equipment in its territory. “There is no formal offer at this time,” said San Jose Clean Energy analyst Jared Sherwood. However, the mayor is interested in exploring a purchase. Last […]

The Buzz

10 Oct

Pacific Gas & Electric’s handling of its unprecedented power shutoffs to more than 700,000 has customers and regulators up in arms. PG&E also doesn’t get a warm reception in bankruptcy court. The judge rejects its effort to again have him ignore a competing plan to reorganize PG&E’s massive debts. Over at the California Public Utilities […]

PG&E Launches Major Outages, Lines up $35B in Financing

8 Oct

Updated Oct. 10 Pacific Gas & Electric instituted power shutoffs across large swaths of California because of high fire danger midweek. Earlier, it unsuccessfully urged the federal bankruptcy court to hose an unwelcome reorganization proposal. Starting around midnight on Wednesday, PG&E began shutting off power to 800,000 customers. The shutoffs began in the counties in […]

Proposed $65M Fine for PG&E’s Bogus Records Gets Slammed

7 Oct

Pacific Gas & Electric agreed to pay a $65 million fine for falsifying records on the locations of its underground gas and electric pipelines, impacting the safety of excavators in and outside the company. The penalty also is for risks the utility caused by hiding its late responses to excavators’ requests. The Utility Reform Network […]

Shorts

30 Sep

Updated Oct. 3. A ratepayer advocate group is taking Pacific Gas & Electric to task for its legal bills as the giant utility moves through its bankruptcy proceeding. The Utility Reform Network Oct. 3 blasted PG&E for spending $140 million on legal fees in the first few months of the  proceeding, paying attorneys $1,500 an […]

CPUC Opens Examination of PG&E Reorganization Plan

30 Sep

California utility regulators late last week opened an investigation into the rate and public safety impacts of Pacific Gas & Electric’s bankruptcy reorganization plan. The California Public Utilities Commission is set to begin its formal review at a public meeting slated for Oct. 23. “As we move through this reorganization,” said Commissioner Martha Guzman Aceves, […]

The Buzz

26 Sep

So. Cal Gas and SDG&E get whopping increases in their 2019-21 general rate cases. State energy regulators say the hefty revenue hikes are needed to fully fund the gas and electric companies’ safety programs. It is a long shot but bondholders try again to inject their plan for paying off PG&E’s massive debts at the […]

Bond Holders Take 2nd Shot at PG&E Reorg Plan

26 Sep

Hedge funds, other unsecured note holders, and tort claimants, together on Sept. 25 pitched a revised reorganization plan to get Pacific Gas & Electric out of bankruptcy on the group’s terms. The filing by these major stakeholders, made late Wednesday, also asks the U.S. Bankruptcy Court for Northern California a second time to terminate PG&E’s […]

PG&E Folds New Deal into its Reorganization Plan

23 Sep

Pacific Gas & Electric Sept. 23 finalized a $14 billion settlement that includes the $11 billion agreement reached last week with insurance firms for damage claims from the PG&E equipment-sparked 2017 Northern California wildfires and 2018 Camp Fire. The final $14 billion agreement also includes a $1 billion deal reached with 18 local public entities […]