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Undercurrents: East Bay Energy Inks 200 MW of Clean Energy Deals

24 Jun

The East Bay Community Energy June 24 signed four contracts for 213.5 MW of wind and solar energy and battery storage projects. One of the four deals is a 10-year agreement for 20 MW of energy storage to provide resource adequacy. It is to partially replace the 40-year old polluting 165 MW Oakland power plant […]

Inside the Beltway: Lawmakers Clash on Auto Standards

20 Jun

Legislators and policy makers displayed wide differences regarding the future of automotive standards aimed at curbing greenhouse gas emissions June 20 during a joint hearing of the House Energy & Commerce Consumer Protection & Commerce and Environment & Climate Change Subcommittees. The panels delved into the Trump Administration’s plan to freeze Obama era standards modeled […]

House Energy Puts GHGs & Storage Center Stage

12 Jun

The growing importance of assessing the greenhouse gas impacts of natural gas project permitting and better integrating distributed energy and energy storage into the wholesale market was stressed this week by a House Energy & Commerce Committee subpanel. The June 12 hearing of the Energy Subcommittee focused on the Federal Energy Regulatory Commission’s policies and […]

Montali Rules FERC Has No Say over PG&E Power Deals

10 Jun

A federal bankruptcy court judge ruled in Pacific Gas & Electric’s favor on who controls the more than $40 billion in PG&E’s renewable and gas power purchase agreements. Judge Dennis Montali held that his court, not federal energy regulators, has say over the multi-million dollar deals signed by PG&E. The utility is in the midst […]

Undercurrents: CAISO Is New Western Reliability Coordinator

5 Jun

The North American Electric Reliability Corp. early this week approved the California Independent System Operator as the West’s new reliability coordinator. With NERC certification in hand, CAISO will begin offering reliability coordinator services to electricity balancing authorities across the western states and in part of Mexico on July 1. “The NERC certification is an important […]

The Buzz

16 May

It is better late than never for Southern California Edison, which finally gets its 2018-2020 rate case approved. State energy regulators okay a revenue requirement for 2018 of nearly $5.2 billion. Over the three-year period, Edison will reap a 4 percent increase, not counting recovery of its wildfire safety costs. Utility regulators this week also […]

FERC Reiterates Support for Storage, Sees Solid Summer Supply in CA

16 May

The Federal Energy Regulatory Commission on a 3-1 vote cast May 16 denied a rehearing request of its orders seeking to advance participation of energy storage technologies in wholesale power markets. The orders included prohibiting states from not feeding their storage resources into the wholesale market. “Energy storage,” said Neil Chatterjee, FERC chair, “has the […]

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 […]

PG&E Earnings Fall

2 May

Pacific Gas & Electric Corp’s latest earnings show income that is one-third of what it reported a year earlier, falling to $136 million at the end of the first quarter of 2019, or 25 cents per share. That compares to $442 million in net income reaped a year earlier, or 86 cents a share. The […]

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 […]

PG&E Wants a 50%-plus Hike on its ROE

24 Apr

Pacific Gas & Electric is seeking an unprecedented increase in its rate of return that would raise its revenue requirement by $1.2 billion next year. In a filing to the California Public Utilities Commission, PG&E asked for a 56 percent boost in its return on equity, from the current 10. 25 percent rate to 16 […]

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 […]

FERC Continues to Exclude GHG Impacts in Project Decisions

18 Apr

Two major liquefied natural gas facilities export projects in Texas and Louisiana were approved 3-1 by the Federal Energy Regulatory Commission, although the decisions omit evaluations of their direct and cumulative greenhouse gas impacts. Commissioner Cheryl LaFleur, who cast the decisive yes vote at the April 18 meeting, welcomed the projects and the decisions including […]

Shorts

16 Apr

Pacific Gas & Electric was one of three companies fined by federal energy regulators for violating cyber security protection rules, according to the Wall Street Journal. PG&E along with DTE Energy was sanctioned. David Ortiz, deputy director of FERC’s Office of Electric Reliability, told the Journal that although there are many cyberattacks, utilities rarely report […]

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 […]

The Buzz

21 Mar

Two federal energy regulators warn of litigation risks the Federal Energy Regulatory Commission has been creating with its deficient greenhouse gas impact assessments of commission-approved projects. California’s top lawyer throws his weight behind the Bay Area Cities climate change suit against the oil majors. Also, it is mixed messages from FERC. The right wing chief […]

FERC Democrats Challenge Agency’s Scant Climate Analyses

21 Mar

Two federal energy regulators March 21 criticized their agency’s shortcomings in considering upfront the greenhouse gas impacts of commission-approved projects. “We are creating litigation risks by putting our heads in the sand,” said Federal Energy Regulatory Commissioner Cheryl LaFleur. She highlighted a March 20 federal D.C. District Court ruling that blocks oil and gas drilling […]

Undercurrents: CA AG Backs Climate Change Suit Against Oil Firms

20 Mar

Updated March 21. California Attorney General Xavier Becerra is supporting the City and County of San Francisco and City of Oakland’s lawsuit before the Ninth District Court of Appeals against the oil majors for their products’ emissions and resulting contribution to sea level rise. “Companies that reap the benefits of fossil fuels intensify the effects […]

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 […]

Senate Panel Queries PG&E Bankruptcy Impacts

5 Mar

The implications of Pacific Gas & Electric’s second bankruptcy filing this century, including a probable rejection of some or all of its long-term power contracts and the role of the legislature will play, were weighed by the Senate Energy, Utilities & Communications Committee March 5. “PG&E encompasses the largest geographical area [of the private utilities] […]