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PG&E Update: CPUC Division Finds Utility Equipment Inspections Shoddy

3 Dec

The California Public Utilities Commission’s Safety & Enforcement Division found that a faulty hook on a Pacific Gas & Electric transmission tower, which initially sparked the 2018 Camp Fire, was a known hazard. The fire burned down the City of Paradise. The safety division also found the worn tower that started the Camp Fire was […]

FERC Backs CAISO Storage Filing, But Rejects GHG Analysis for LNG Projects

21 Nov

The Federal Energy Regulatory Commission this week approved the California grid operator’s energy storage compliance filing, as well as those of two others. The commission also approved four more liquefied natural gas projects and a draft order reworking how it determines returns on equity. FERC Chair Neil Chatterjee said the three energy storage rulings “ensure […]

Shorts

19 Nov

Updated Nov. 21. The Federal Energy Regulatory Commission Nov. 21 announced new and upcoming energy infrastructure cybersecurity protections. That includes the creation of both a new physical and cybersecurity group to focus on dam safety and a cybersecurity division within the Office of Electric Reliability. “These efforts will help FERC more efficiently focus its efforts […]

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 […]

Third Quarter Generator Earnings in the Black

12 Nov

AES: This Virginia-based generator with operations in California saw better earnings in the third quarter of 2019 compared to the same period last year. Net income was $298 million, or 32 cents a share, compared to $191 million, or 15 cents a share, in the same quarter last year. AES President Andrés Gluski called the […]

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. […]

Sempra’s Earnings Jump, Edison’s Fall

6 Nov

California’s investor-owned utilities in the southern half of the state reported solid earnings, with those of San Diego Gas & Electric and SoCal Gas rising significantly. Southern California Edison’s margin dropped, however. Pacific Gas & Electric, with little notice, reported its third quarter net income Nov. 7. Edison International: the utility’s corporate parent saw its net […]

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 […]

PG&E on Hot Seat over Massive Shutoff’s Costs

21 Oct

During an emergency meeting, state energy regulators and others did not mince words when criticizing Pacific Gas & Electric for the safety, health and financial impacts of its unprecedented Northern California power shutoff in the face of wildfire risks. “You guys failed on so many levels,” Marybel Batjer, California Public Utilities Commission president, told PG&E […]

Shorts

14 Oct

Updated Oct. 17. The California Independent System Operator upgraded its power grid operating technology last week, saying it now has the most advanced system in the industry. CAISO launched the Siemens Spectrum PowerTM 7 energy management system after five years of study, competitive bidding, design, and implementation. “CAISO now has the most sophisticated energy management […]

CPUC Faces Opposition to Protecting Gas Plants

10 Oct

The California Public Utilities Commission was met a by a string of protesters Oct. 10 who objected to the commission’s proposed Integrated Resource Plan to extend the life of aging gas plants. Considering adding three years to the life of seawater-cooled gas power plants, predominantly along the Southern California coast, pays “little regard to the […]

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 […]

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 […]

CPUC OKs 27% & 17% Revenue Rise for Sempra Utilities

26 Sep

The California Public Utilities Commission Sept. 26 unanimously adopted a 13.78 percent increase in SoCal Gas’ 2019 test year revenue requirement over last year’s rates to reach nearly $2.8 billion. The hike was made as part of the Sempra utility’s 2019-21 general rate case. The five commissioners also signed off on a higher revenue requirement […]

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 […]

JUICE: Chasing SCE’s Rates Is Not a Way to Do Business

23 Sep

The Clean Power Alliance this year became the state’s largest Community Choice Aggregator. It provides about 11,000 GWh to a growing complement of over 1 million ex-Southern California Edison customers with competitively-priced renewable energy. It plans to ramp up its renewable resource portfolio and roll out a heady menu of expanded customer programs. To gain […]

Gov. Directs Money & Climate Protection Alignment

23 Sep

Gov. Gavin Newsom signed an executive order Sept. 20 directing the leveraging of the state’s $700 billion pension investment funds to promote increased climate protection in California. That is to include tapping into the California Public Employees Retirement System, California State Teachers Retirement System and the University of California Retirement funds. Newsom also inked two […]

FERC Pitches Controversial PURPA Reforms

19 Sep

Two of the three federal energy regulators Sept. 19 voted out a proposed rulemaking to change the federal law protecting small renewable projects and cogeneration facilities. The dissenting commissioner warned the move would gut the 1978 Public Utility Regulatory Policies Act. The Federal Energy Regulatory Commission’s Notice of Proposed Rulemaking to reform the law is […]