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PG&E Refinancing Plan Appears to be Last One Standing

23 Jan

A reorganization plan proposed by bondholders of Pacific Gas & Electric that competes with the utility’s own proposal will disappear if certain financing conditions are met, PG&E announced late Wednesday. “Reaching a resolution with the bondholder group is a positive development to move forward with our plan of reorganization,” PG&E Corp. Chief Executive Officer and […]

$110M Settlement w/ PG&E for Bogus Pipeline Markings

21 Jan

Pacific Gas & Electric could pay an extra $44 million for violating safety rules following an investigation by the California Public Utilities Commission that revealed fabricated, missing, and shoddy markings on PG&E underground gas lines. The company violated rules intended to prevent injuries and damage during pipeline excavations, according to the CPUC. A Jan. 17 […]

Key Deadline Set for PG&E to Close Bankruptcy Door

21 Jan

A federal judge set a deadline for a crucial hearing in the Pacific Gas & Electric’s financial reorganization, further solidifying the calendar for the utility’s emergence from bankruptcy. The U.S. Bankruptcy Court for the Northern District of California last week directed a status conference be held no later than Jan. 29. That date marks one […]

The Buzz

16 Jan

State energy regulators give Southern California Edison the green light to collect $4.7 billion for projected 2020 energy costs during their first meeting of the year. The California Public Utilities Commission also votes unanimously to dedicate most of the Self Generation Incentive Program rebates to energy storage in fire-stressed communities. In addition, the commission approves […]

Edison to Reap Nearly $5B for 2020 Energy Costs

16 Jan

State energy regulators Jan. 16 unanimously approved Southern California Edison collecting $4.7 billion in energy and greenhouse gas emission projected costs this year from current and former ratepayers. Edison’s 2020 electric resource procurement forecast authorized by the California Public Utilities Commission includes $3.72 billion in power costs. Edison stated that the generation it owns and […]

The Buzz

9 Jan

The start of the New Year brings bold federal and state clean energy and equity measures. It also brings closer a looming deadline for Pacific Gas & Electric. There is a huge push to get PG&E out of bankruptcy by the end of June. Meeting that deadline will allow it to access the multi-billion dollar […]

Beyond Lithium Ion Storage

7 Jan

The California Energy Commission seeks to ramp up emerging storage technologies, expanding the non-lithium ion energy storage field. It is currently offering $9 million in competitive grants for technologies other than lithium ion batteries. The Commission is already evaluating eight to ten non-lithium ion storage technologies and hopes to see new ones emerge from its […]

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 […]