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Real Time Pricing Gets Yellow Light

16 Oct

Energy utility regulators Oct. 15 weighed various proposals for potentially expanding dynamic and real time power pricing. The day-long California Public Utilities Commission meeting focused  on various dynamic and real time pricing programs San Diego Gas & Electric has tested through the years. The limited programs have tested whether variable pricing can  hone the energy […]

CPUC Opens Examination of PG&E Reorganization Plan

30 Sep

California utility regulators late last week opened an investigation into the rate and public safety impacts of Pacific Gas & Electric’s bankruptcy reorganization plan. The California Public Utilities Commission is set to begin its formal review at a public meeting slated for Oct. 23. “As we move through this reorganization,” said Commissioner Martha Guzman Aceves, […]

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 […]

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 […]

San Diego Votes for Community Choice

17 Sep

California’s second largest city voted Sept. 17 to participate in the emerging San Diego Regional Community Choice Energy Authority. The San Diego City Council voted 7-2 to be a member of a regional choice program that is to launch in 2021. It is to aim for a 100 percent renewable portfolio by 2035. Last month, […]

Vanishing Renewable Premium

16 Sep

The green premium has disappeared in Texas and the same will happen in California and elsewhere By Fereidoon Sioshansi Environmentally conscious consumers traditionally had to pay a premium to get clean kilowatt/hours. They’ve been typically offered as a “premium” product by the suppliers: the higher the renewable content, the greener the electrons and higher the […]

CPUC Okays PG&E Gas Transmission Revenue Hike

12 Sep

At her first meeting, new California Public Utilities Commission President Marybel Batjer and her fellow commissioners approved raising Pacific Gas & Electric’s revenue for gas transmission and storage to $1.3 billion this year. The commissioners Sept. 12 also unanimously backed targeting $100 million in new incentives for off grid clean power systems in high risk […]

PG&E Pitches $18B Reorganization Scheme

11 Sep

In order to exit bankruptcy court, Pacific Gas & Electric Sept. 9 proposed a $17.9 billion reorganization plan, which would limit wildfire claim payouts. The reorganization plan includes up to $8.4 billion for wildfire victims. Another $8.5 billion is included for insurance company claims. There’s also $1 billion for claims from cities and other public […]

Shorts

4 Sep

Updated Sept. 5. The Balancing Authority of Northern California and Western Area Power Administration Sierra Nevada Region signed agreements Sept. 5 to join the California Independent System Operator’s Western Energy Imbalance Market. The two expect to begin participating in the market in April of 2021. This market focuses on short-term transfers of power to optimize the […]

Edison Seeks Whopping Rate Increase

4 Sep

Southern California Edison wants a 32 percent rate increase over a three-year period from 2021 through 2023. The utility outlined its request in its 2021 general rate case application filed with the California Public Utilities Commission Aug. 30. Under the request, Edison’s base revenue requirement would go from $6.44 billion to $7.60 billion in 2021, […]

The Buzz

29 Aug

A newly amended bill that would make PG&E greener financially at ratepayers’ expense is floated. But, it may be headed for a crash landing. Another legislative action, one seeking a Constitutional Amendment, would make nuclear energy eligible for green status under California’s Renewable Portfolio Standard. The proposal seeks to bolster the financial prospects of the […]

CPUC Zeros In on Rate Hike Impacts on the Poor

26 Aug

Proposed metrics to better represent the hit of rate increases on struggling households was the focus of a California Public Utilities Commission workshop held Aug. 26. The CPUC staff’s draft proposal includes an “ability to pay” metric. This affordability index looks specifically at how much of a low-income household’s income is spent on essential utility […]

TURN Faces Financial Crimp Due to CPUC Inaction

11 Jul

The state’s chief independent ratepayer advocacy group is having trouble meeting payroll. The reason, according to Mark Toney, executive director of The Utility Reform Network, is that the California Public Utilities Commission has not been abiding by its 75-day deadline for acting on intervenor compensation claims. In a rare plea to the CPUC at its […]

Shorts

9 Jul

Updated July 11. The Senate Energy & Natural Resources committee held a celebratory hearing July 11 on growing U.S. exports of liquefied natural gas. “We are now leading the world in natural gas production, and hopefully soon, we will also lead in exports,” said panel chair Sen. Lisa Murkowski (D-AK. “More U.S. LNG export facilities […]

The Buzz

3 Jul

Expected legislation incorporating the Governor’s wish list for a catastrophic wildfire recovery fund to bail out private utilities facing big liabilities is to get its first airing July 5. The Senate Energy, Utilities & Communications Committee approves bills shifting the cost of supply shortages to energy providers that fall short  and increasing the efficiency of […]

Bill Proposes Utility Wildfire Recovery Fund

3 Jul

New amendments to AB 1054 this week would create a multi-billion dollar wildfire liability fund backed principally by ratepayer money, as pushed by the governor. The measure by Assembly Utilities & Energy Committee Chair Chris Holden (D-Pasadena) proposes a $10.5 billion revolving liquidity fund to cover private utility liabilities stemming from fires their equipment may […]

Undercurrents: Diablo Closure’s Money Impact Limited

2 Jul

The financial impact to the Central California Coast from the closure of Pacific Gas & Electric’s Diablo Canyon nuclear power plant is not expected to be significant. The impact of the 2,200 MW Diablo plant closure slated for 2024-25 is projected to result in an annual loss of about $800 million to San Luis Obispo […]

PG&E Creditors Propose $30B Reorganization Plan

26 Jun

A group of Pacific Gas & Electric bondholders and unsecured creditors are pushing a $30 billion financial health plan for the bankrupt utility that would be backed principally by new equity. The plan filed by the Ad Hoc Committee of Unsecured Noteholders June 25 asked U.S. Bankruptcy Court Judge Dennis Montali to end ahead of […]

Ratepayers Face Billions of Wildfire Costs

6 Jun

Under pressure to act on the mounting financial impacts of wildfires including those sparked by electric utilities, lawmakers face fundamental choices as the end of the legislative session begins to come into view. Almost all of them involve handing ratepayers much of the tab for untold billions of dollars of utility wildfire expenses. The choices […]