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Shorts

13 Apr

California’s top attorney spearheaded a lawsuit against the U.S. Department of Energy for rule changes that impede the adoption of new energy efficiency standards. “The Trump Administration is irresponsibly rewriting a rule that helps consumers save money and decreases pollution to our environment,” Attorney General Xavier Becerra said April 14. He added that the pandemic […]

Shorts

24 Mar

The California Public Utilities Commission and Independent System Operator are holding meetings this week. CAISO’s is holding the public portion of its board meeting remotely March 25, from 2:00 PM-5:00 PM. The agenda includes decisions on reliability must run contracts and its 2019-20 transmission plan. The CPUC business meeting is being held remotely March 26. […]

The Buzz

28 Feb

Pacific Gas & Electric is hit with a historic fine of $2.14 billion for igniting deadly wildfires in Northern California in 2017 and 2018. It comes a few days after PG&E reports significant losses in its 2019 earnings report. The private utilities in the southern half of the state fare far better. Southern California Edison, […]

SoCal Utilities Report Surge in Profit

27 Feb

The parent companies of the investor-owned utilities in Southern California reported rosy 2019 earnings, in contrast to Pacific Gas & Electric. The latter continued to suffer major losses while striving to reorganize and emerge from a Chapter 11 bankruptcy. Edison International is the parent company of Southern California Edison. Sempra Energy is the parent company […]

PG&E Suffers Big Loss in 2019

24 Feb

PG&E Corp. suffered a larger loss in net income last year than in the previous year. However, its 4th quarter loss for 2019 was about half the size of its 2018 fourth quarter hit. In its latest earnings report, the parent company reported a loss of $7.7 billion, at minus $14.50 a share, for 2019. […]

The Buzz

7 Feb

State energy regulators pay lip service to California’s mandate for the energy sector to be 100 percent clean and then approve the replacement of a 50-mile natural gas pipeline in San Diego. But, the Sempra utilities’ $677 million cost estimate for the project is to be examined. The House Energy & Commerce Committee takes aim […]

Spotlight on Cost of San Diego Gas Pipe Replacement

6 Feb

State energy regulators voted 4-0 to allow interested parties to litigate SoCal Gas’ and San Diego Gas’ & Electric’s proposed $677 million price tag for a 50-mile natural gas pipeline replacement project. The California Public Utilities Commission decision cast Feb 6 requires that the cost of the line’s replacement and testing be scrutinized in a […]

CA Regulators Seek to Meld Gas Planning & Clean Energy Targets

16 Jan

The California Public Utilities Commission voted 5-0 Thursday to initiate a rulemaking to update its natural gas reliability and long-term planning. The overall aim is to revamp its planning process to ensure gas systems are safe and reliable as California weans itself off of fossil fuels. “The gas system is going through profound changes,” Commissioner […]

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 […]

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 […]

Shorts

30 Sep

Updated Oct. 3. A ratepayer advocate group is taking Pacific Gas & Electric to task for its legal bills as the giant utility moves through its bankruptcy proceeding. The Utility Reform Network Oct. 3 blasted PG&E for spending $140 million on legal fees in the first few months of the  proceeding, paying attorneys $1,500 an […]

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 […]

California IOU Earnings in the Black

5 Aug

California investor-owned utilities showed profits during the second quarter this year, as PG&E announced ahead of its quarterly earnings statement it hopes to deliver shareholder returns even while it’s in bankruptcy. California energy companies credited Gov. Gavin Newsom and state lawmakers for creating a new wildfire liability insurance fund for state utilities earlier this summer, […]

CPUC to Investigate SoCal Gas Safety

27 Jun

The California Public Utilities Commission June 27 launched an investigation into the safety cultures of SoCal Gas and its parent company following large and small gas pipeline explosions and leaks since 2015. “There are significant questions about SoCal Gas’ safety practices and priorities,” said Commissioner Liane Randolph. She pointed to a report released mid-May on […]

Sempra Earnings Improve

7 May

Sempra Energy earned $441 million in the first quarter of 2019, up from $347 million during the same period in 2018, according to the San Diego-based company’s latest financial statement. On a per share basis, earnings during the first three months of 2019 were $1.59, up from $1.33 during the first quarter of 2018. “Sempra […]

Undercurrents: Gas Prices to Remain Low

22 Apr

Natural gas will remain plentiful and reasonably priced in California through 2030, according to an analysis presented to the California Energy Commission April 22. Ample natural gas supplies from both Western Canada and the Permian Basin in Texas—which are connected to California by interstate pipelines—will keep prices lower in the Golden State than at Henry […]

Shorts

11 Feb

Updated Feb. 12. Sempra Energy is selling its remaining wind power plants to American Electric Power for $551 million in cash, the San Diego-based company said Feb. 12. Under the agreement, it will sell wind projects in Hawaii and east of the Rockies with 724 MW of combined capacity. The deal is subject to regulatory […]

Shorts

8 Jan

Updated Jan. 10   Southern California Gas announced Jan. 10 that the utility was awarded $1.7 million from the South Coast Air Quality Management District for two projects to reduce greenhouse gas emissions in residential and commercial buildings. Of those fund, $1.2 million is to support a commercial water heating incentive program that provides rebates […]

The Buzz

4 Jan

With the New Year comes the sad news of the death of Federal Energy Regulatory Commissioner, and former chair, Kevin McIntyre. The exit fee slapped on former PG&E customers is estimated to add $100 million. But, the exact tab for community choice customers should be known at the end of next week. CA’s Attorney General […]