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The Buzz

30 May

This week is all about measures to reduce the impacts of utility-sparked wildfires in California. In the midst of all the smoke, CPUC president Mike Picker says he’ll soon retire. Earlier, he and other state energy regulators approve the investor-owned utilities’ 2019 plans to stem wildfire risks from their equipment. But, the CPUC notes, this is […]

CPUC Signs Off on New Power Shutoff Rules

30 May

State energy regulators this week adopted a decision aimed at reducing the impacts of private utilities stopping electricity flows across power lines during risky wildfire conditions. Approved May 30, the decision includes protocols to improve utilities’ reporting and notification of when it decides to de-energize power lines to reduce the risk of sparking wildfires ahead […]

Utility Wildfire Plans Approved With Some Caveats

30 May

The California Public Utilities Commission May 30 approved investor-owned utilities’ 2019 plans to stem wildfire risk under SB 901, as expected. “Approval of these plans is just a first step,” said Commissioner Cliff Rechtschaffen at the CPUC’s meeting this week. “We are learning as we go along,” added Commission President Mike Picker. The plans, said […]

CPUC Rejiggers Utility Cost Recovery Te$t

28 May

A California Public Utilities Commission decision proposes a new cost recovery reasonableness yardstick to determine the extent of ratepayer-funded cushioning of private utilities facing huge wildfire liabilities to keep them financially healthy and operating safely. Or in the alternative, the financial stress test is to evaluate the impact of requiring utility customers to pay for […]

CPUC Okays 4% Boost in SCE’s 2018-20 Rate Case

16 May

The California Public Utilities Commission unanimously approved increasing Southern California Edison’s 2018 revenue requirement from the commission’s initially proposed $5.102 billion to $5.117 billion. As part of the triennial general rate case belatedly approved by the commission May 16, Edison’s revenue requirement for 2018 is below that of 2017. But, the CPUC gave Edison 92 […]

The Buzz

2 May

PG&E’s first quarter earnings this year are far from rosy, but not as grim as expected. Earnings take an expected hit from wildfire, bankruptcy and safety expenses, which PG&E hopes to more than recoup from energy regulators and ultimately ratepayers. Southern California Edison’s parent earnings rise but that doesn’t stop its CEO from whining that […]

Edison Head Says CPUC Impedes Financial Recovery

1 May

The parent company of Southern California Edison, Edison International, reported stronger earnings, with total net income of $308 million the first three months of 2018, compared to $242 million in the first quarter of 2018. Subtracting out corporate costs, the net profit for Edison shareholders was $278 million, or 85 cents per share, the first […]

Utility Wildfire Risk Reduction Plans Set for Approval

30 Apr

Proposed decisions released Monday by state energy regulators find that the private utilities’ 2019 wildfire mitigation plans meet the legislative mandates of SB 901. But, Pacific Gas & Electric, which appears to have the priciest plan of the three, is directed to track and prove the effectiveness of its various proposed measures to make sure […]

CPUC Decouples Wildfire Plan Approval & Cost Recovery

30 Apr

Three California Public Utilities Commission proposed decisions largely approve the private utilities’ wildfire mitigation plans, but their multi-billion dollar price tags don’t get the green light. CPUC Administrative Law Judges Sarah Thomas and Peter Allen proposed guidance for the trio of utilities’ mitigation plans under SB 901 states that cost recovery “is a separate matter,” […]

Edison Seeks Higher Rates Due to Wildfire Risk

23 Apr

Southern California Edison asked the California Public Utilities Commission April 22 to grant it a rate boost that would increase the average residential power bill by $12.20 cents a month to help cover wildfire risk. The move comes after the company posted losses at the end of last year in the face of wildfire liability […]

West Coast Utilities Coordinate on Big Truck Electrification

18 Apr

A study on electrifying the 1,350 mile route from Mexico to Canada for medium- and heavy-duty trucks is being launched by a coalition of nearly three dozen West Coast private and public utilities and organizations. The study by this West Coast Clean Transit Corridor Initiative, announced April 18, is to evaluate how, where and the […]

Edison Seeks Big Rise on its Return On Equity from FERC

11 Apr

Southern California Edison asked federal energy regulators April 11 for more than a 50 percent increase on its return on equity to help ameliorate the cost of its “extraordinary” wildfire liability. Edison seeks to raise its revenue requirement on federally regulated transmission lines from $1.038 billion to $1.328 billion annually, a 28 percent increase. That […]

Juice: Climate Change Is A Force for Decentralizing Energy

26 Mar

California utilities have been under pressure for years from new small-scale and decentralized power generation technologies like rooftop solar, and aging facilities that have exploded and killed people. Add in climate-driven wildfires and the utilities are being pushed to the brink. This requires changes to the role and structure of monopoly utilities, as many have […]

PG&E’s Proposal to Break Green Deals Raises Costs

19 Mar

If Pacific Gas & Electric is allowed to abrogate its long-term renewable contracts as part of a bankruptcy reorganization, bankers will increase the risk premiums on clean energy project loans. That will drive up the price of renewable resources in California, attorneys warned at a legal seminar held March 18 by the Environmental Law Institute […]

Edison Started Thomas Fire in 2017, Investigators Find

13 Mar

Fire investigators March 13 found that two Southern California Edison power lines slapped together in Anlauf Canyon in Ventura County during a wind storm and started the devastating Thomas Fire in 2017. The utility had already admitted that it played some role in igniting the fire. However, in a statement issued late on Wednesday it […]

Some Generators See Brighter Earnings

7 Mar

The 2018 earnings results for merchant generators with facilities in California were brighter, with the exception of AltaGas. AES: This giant global power company’s net earnings for 2018 rose sharply to $1.203 billion, or $1.82 a share. That is compared to a loss in 2017 of 1.16 billion, or minus $1.74/share. AES’s fourth quarter earnings […]

The Buzz

21 Feb

The California Public Utilities Commission approves Pacific Gas & Electric’s and Southern California Edison’s $7 billion in energy purchase forecasts. But the approved decision also requires that annual projected power expenses—from renewables to fossil—be compared to the actual tab. State energy regulators unanimously agree to a three-year resource adequacy requirement and to later create a […]

CPUC Approves Edison Deal for Imperial Valley Solar

21 Feb

Action by the California Public Utilities Energy Commission this week included approval of a 20-year purchase agreement proposed by Southern California Edison for 107 MW from a solar project in Imperial Valley operated by Consolidated Edison. The commission voted 4-1 to approve the deal for the output of the operating Wistaria Solar facility over the […]

SCE Gets Green Light to Recover $1B in Power Costs

31 Jan

Southern California Edison area electric customers will see a 5 percent increase in their bills this year due to the utility’s under collection of money to pay for energy bought in 2018. The California Public Utilities Commission authorized the utility Jan. 31 to collect an extra $983.8 million from those it distributes power to this […]

CPUC Takes Heat for Poor Utility Ratings & Safety

31 Jan

State lawmakers Jan. 30 grilled the head state energy utility regulator over what his agency was doing to bolster utility ratings and reduce wildfire risks during an Assembly Utilities & Energy Committee hearing. Committee Chair Chris Holden (D-Pasadena) warned California Public Utilities Commission President Mike Picker that the investor-owned utilities may become “un-investible” because of […]