Archive | Rates RSS feed for this section

CPUC Warns of Rising Electric Rates

22 Jan

San Diego Gas & Electric’s rates increased 50 percent over the last decade. The utility bills of ratepayers of the other two investor-owned utilities will soon follow suit. That is what California Public Utilities Commission President Marybel Batjer told the Assembly Utilities & Energy Committee during its Jan. 22 annual CPUC review. Batjer said continuing […]

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 […]

Senate Energy Panel Okays Outage Penalties, Rejects Big Hydro as Renewable

15 Jan

Legislation that would impose fines on utilities for unreasonable power outages and require them to compensate businesses and other customers harmed by blackouts passed the Senate Energy Utilities & Communication Committee Jan. 15. Sen. Scott Weiner (D-San Francisco) authored SB 378 because private utility “financial incentives err on the side of blackouts.” Weiner accused utilities […]

CPUC Okays Utilities 2020 Ratemaking

19 Dec

The California Public Utilities Commission Dec. 19 unanimously authorized the four investor-owned utilities’ long-term debt and preferred and common equity percentages as part of the test year 2020 ratemaking capital structures. Regulators approved only some of the requested rate of return increases. “The financial stability of the utilities is vital,” said CPUC Chair Marybel Batjer. […]

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 […]

SCE Wants Ratepayers to Cover Rising Fire Insurance Cost

29 Oct

A California Public Utilities Commission Administrative law judge Oct. 29 opened a proceeding to determine if Southern California Edison can roll a $505 million increase into its rates stemming from the rising cost of utility wildfire insurance. Edison, according to its attorneys, needs the $505 million to cover “incremental wildfire insurance” for the period between […]

The Buzz

24 Oct

Shutoffs and more shutoffs more shutoffs this week because of dangerous winds and fires. Pacific Gas & Electric reports a transmission tower with broken jumper near the latest Sonoma fire. In the midst of blazes, major fire risks and public outrage over outages, regulators approve collecting $10.5 billion from utility ratepayers for a legislatively mandated wildfire […]

CPUC Approves Ratepayers Paying $10.5 B into Wildfire Fund

24 Oct

A wind-driven blaze that grew from 300 to 10,000 acres overnight in Sonoma County was the background for the California Public Utilities Commission’s Oct. 24 meeting. During the meeting held in Redding, regulators unanimously approved collecting $10.5 billion from utility ratepayers for a $21 billion utility wildfire fund. Southern California also was experiencing weather driven […]

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 […]