Archive | Funding and financing RSS feed for this section

Undercurrents: Laying Ground Rules to Lessen Grid Insecurities

3 May

Energy regulators face myriad challenges in ensuring that state utilities adequately protect their substations, power lines and other energy infrastructure, from utility resistance to sharing sensitive information to impacts on ratepayer wallets. “Making sure the utilities are not overspending, and spending the right amount and in the right areas,” are key concerns, California Public Utilities […]

The Buzz

13 Apr

Eggs gathered in Current’s Easter news basket include approval of two controversial and large natural gas project redos along the SoCal coast. The California Energy Commission unanimously approved the Huntington & Alamitos replacement projects, which are to be cooled with air, not seawater-cooled. On the agenda at this week’s Energy Commission post business meeting closed […]

CPUC Revives Self Gen Program with Bigger Budget

6 Apr

Utility regulators April 6 approved a doubling of funds for the self-generation incentive program. It is intended to subsidize solar and other generation technologies, plus energy storage, at the power distribution system level. Funding is set at $83 million a year for the period 2017-2019, under the decision approved unanimously by the California Public Utilities […]

CPUC Budget Cuts to Delay Efficiency, CHP, & Other Proceed

3 Dec

The California Public Utilities is planning to delay implementing some new laws, defer hiring, and cut staff travel and meetings outside San Francisco in order to trim its expenditures by $5 million. (more…)

House Panel Examines Nuclear Waste Mess, But Lacks Solution

3 Dec

A House committee took up the federal government’s gridlocked nuclear waste disposal program Dec. 3, but proposed no specific course toward creating a permanent resting place for spent fuel and other radioactive material from the nation’s nuclear generating plants. (more…)

CLIMATE ROUNDUP: More Banks Temper Financial Support for Coal

3 Dec

The number of big U.S. banks reducing lending to the coal industry to curb climate change gases grew this week to include Wells Fargo and Morgan Stanley. The banks’ announcements coincided with the start of the United Nation’s climate change talks being held the next two weeks in Paris. (more…)

Financing Efficiency at Issue as State Hikes Goal

17 Sep

As California ups its goal for energy efficiency, financing is becoming increasingly important to help home and business owners carry out the deep retrofits inherent in doubling energy efficiency by 2030. (more…)

CEC Approves Water Appliance Efficiency Standards

20 Aug

Appliance efficiency standards, which could save the state more than 2.4 billion gallons of water in the first year alone, were approved during the California Energy Commission’s most recent business meeting. (more…)

Clean Energy Jobs Act’s Efficiency Questioned

20 Aug

A state senator who helped craft legislation expected to generate more than $1 billion a year in tax revenue and create up to 40,000 jobs—more than 10,000 in retrofitting schools for energy efficiency—is pushing back against allegations that the measure has fallen far short of promises. (more…)

Edison in Hot Water for Replacing Staff with Foreign Help

18 Jun

Southern California Edison is at the center of a Department of Homeland Security investigation involving potential abuse of the H-1B visa program. (more…)

BrightSource Pulls Plug on Solar Project

5 Jun

BrightSource Energy abandoned plans to build the 500 MW Hidden Hills solar electricity plant, which was vigorously opposed by environmentalists and local officials. (more…)

Diablo Disaster Funding Extension Makes Way

30 Apr

A bill requiring Pacific Gas & Electric to continue paying into an account another five years for emergency services for its Diablo Canyon nuclear plant was approved without discussion by the Assembly Utilities & Commerce Committee April 27. (more…)

CPUC Session Presents Energy Paths Forward

3 Apr

California Public Utilities Commission staff gave a sneak preview March 26 of their thinking on how to revolutionize electricity delivery, protect power grid cybersecurity and align energy efficiency sales with standard power purchase agreements. (more…)

Funding for Air Board Air Pollution Programs Likely to Remain Flat

26 Mar

Despite a call from stakeholders for an increase in the California Air Resources Board’s Air Quality Improvement Program and low carbon transportation investments, funding levels are expected to be on par with those in the current state budget. (more…)

Health Officials Seek Money for Climate Adaptation

27 Feb

California has dedicated a lot of state money toward reducing greenhouse gas emissions to mitigate climate change, but hasn’t provided commensurate resources for adapting to a warming climate. That could be to the detriment of the power grid. (more…)

EPIC Program Implementation Streamlined

27 Feb

The California Energy Commission’s 2012-2014 EPIC Investment Plan is proving successful to date due to a concerted effort to streamline the funding process for project applicants, commission staff said during a Feb. 24 workshop. (more…)

Republicans Critique DOE’s 2016 Budget Increase

13 Feb

Energy Secretary Ernest Moniz Feb. 11 defended his department’s proposed $29.9 billion budget for 2016 before the House Energy & Commerce Energy & Power Subcommittee. (more…)

Obama Seeks More for Clean Power

6 Feb

Funding for clean energy would rise to $7.4 billion under President Barack Obama’s proposed 2016 budget blueprint announced Feb. 1. The spending plan also includes a new $4 billion fund to help states reduce emissions and meet the federal Environmental Protection Agency’s pending rules to slash emissions from power plants. (more…)

HUD & California Partner on Financing

6 Feb

In a bid to extend energy efficiency and distributed solar generation to multi-family housing, California and the U.S. Department of Housing & Urban Development announced they are partnering on a number of actions to bolster financing programs. (more…)

New Bills Target Pension Fund Investments in Coal

29 Jan

There is one bill expected to have a significant impact on the energy market. That is Sen. President pro Tem Kevin de Leon’s measure announced last month to require the state’s large public pension funds to divest their coal investments. The bill by the Los Angeles Democrat, yet unnumbered, directs the multi-billion dollar California Public […]