Archive | Market issues RSS feed for this section

The Buzz

14 Jun

A House Energy panel zeros in on federal legislation and tactics to resolve the troubling issue of long-term storage of radioactive waste from nuclear power plants. Lawmakers also grapple with how to consolidate onsite spent fuel in 121 communities, including in Southern California and Sacramento. The day before, another House Energy & Commerce subcommittee tells […]

Undercurrents

11 Jun

With temperatures set to soar last weekend, Pacific Gas & Electric shut off power to 21,000 customers in Butte and Yuba counties for safety reasons at about 9:00 p.m. on June 8. In addition to safety shutoffs in the Sierra Foothills, PG&E turned off power to about 1,700 customers in Napa, Solano and Yolo Counties […]

JUICE: Sailing to Grid Regionalization

11 Jun

The announcement by California’s transmission operator that it will become the regional coordinator, not only in its territory, but across big parts of the western grid beginning July 1 generated few headlines. However, the California Independent System Operator becoming the new high wires reliability cop on the beat from Northern Mexico to Canada is a […]

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 […]

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 […]

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 […]

Wildfire Panel Calls for Redoing Utility Legal & Financial Rules

30 May

The legal standard for finding utilities at fault for sparking wildfires, as well as for determining how much of their wildfire expenses can be recovered from ratepayers, are in serious need of overhaul, according to a draft report by the Commission on Catastrophic Wildfire Cost & Recovery. The executive summary of the report, released May […]

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 […]

Opinionated: Solar+Storage Challenges Gas Peakers

28 May

By Fereidoon Sioshansi Gas peakers have been around well before the recent rise of renewables made them even more indispensible. How else could grid operators fill in the void created by the vanishing solar generation when the sun sets at the end of the day or when wind stops spinning the wind turbines’ blades? And […]

More Fallout from Shoddy Gas Lines in SoCal

23 May

The greater Los Angeles area faces another summer that could be plagued by tight natural gas supplies and price hikes for power generators due to ongoing gas transmission line outages and limits on the use of the SoCal Gas Aliso Canyon natural gas storage field. June looks to be the tightest month for gas supplies, […]

State Faces Tighter Power Supplies, CPUC Warns

23 May

California is becoming increasingly dependent on out-of-state power to meet peak needs. At the same time, concerns about the state’s increasing vulnerability to the  exercise of “market power,” which could spike prices, is rising, according to a California Public Utilities Commission official. “There’s a general tightening of resource adequacy supply,” Simon Baker, Energy Division deputy […]

Undercurrents: Corrosion Named Culprit in Aliso Canyon Leak

21 May

An investigation into the root cause of the massive 2015-16 methane leak at the SoCal Gas Aliso Canyon natural gas storage facility found the direct cause was a rupture of the outer 7-inch well casing due to microbial corrosion from the outside because of contact with groundwater. The report, released May 17 by the California […]

Fog City Explores Take Over of PG&E Wires

14 May

If San Francisco replaced bankrupt Pacific Gas & Electric’s power delivery services and assets with its public utility, the city could reap considerable benefits. That is according to an explorative study by the San Francisco Public Utilities Commission staff released May 13. “While any sort of acquisition of PG&E property would be a lengthy process, […]

Opinionated:To CPE or Not To CPE

14 May

By Steven Kelly After many years of work, the California Public Utilities Commission earlier this year finally adopted a multi-year resource adequacy program to help ensure grid reliability. Now, the CPUC is considering additional changes to the adopted framework, particularly the insertion of a “central procurement entity” to mitigate the risk that the California Independent […]

Shorts

14 May

The Turlock Irrigation District in the Central Valley plans to join the Western Energy Imbalance market in 2021. It signed an agreement to become part of the California Independent System Operators’ real time market, the grid operator announced May 14. “TID’s participation in the energy imbalance market will lead to a greater utilization of our […]

Shorts

6 May

Updated May 9. Renewable energy continued to grow as a source of electricity in California and its price continued to fall in 2018, according to a report by the California Public Utilities Commission released May 8. Among the state’s large investor-owned utilities, the level of renewable power increased from 36 percent to 40 percent from […]

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 […]

JUICE: Muddy Waters & Rates

30 Apr

While passing through a corner of Nevada along Highway 395 during a drive to the Eastern side of the Sierra I was struck by the differences in the price of gasoline in the Golden and Silver states. Filling up in Nevada April 19, I paid $3.30 a gallon, saving well over a dollar per gallon. […]