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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 […]

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, […]

Picker Bids Adieu, CPUC OKs 10-Year Conservation Targets

15 Aug

This week, President Mike Picker presided over his last California Public Utilities Commission meeting. In response to kudos from fellow commissioners and others for his six years of work at the CPUC, Picker said he does not believe in legacies. “I’m not a judge of what’s right or wrong, but I hope everyone here [at […]

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, […]

Shorts

17 Jun

Updated June 20. The California Public Utilities Commission June 20 discussed its progress in modeling how Southern California might be able to meet its energy needs without the SoCal Gas Aliso Canyon natural gas storage field. Commission staff noted that multi-state gas demand models will be needed to fully answer the question, since California imports […]

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 […]

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 […]

Official Says CPUC is Ill-Prepared on Wildfire Safety

22 May

The California Public Utilities Commission will act blindly when it approves massive wildfire mitigation plans filed by power utilities that were called for by state lawmakers, the commission’s top safety official said this week. “There is no standard or framework for the CPUC to evaluate these plans,” Elizaveta Malashenko, CPUC executive director for safety and […]

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. […]

Public & Safety Advocates Vet Utility Wildfire Plans

9 Apr

Numerous organizations are urging utility regulators to carefully scrutinize the effectiveness of utility wildfire risk mitigation plans filed earlier this year. They also want them to clarify that any approval of the plans will not equate to okaying utility expenditures to carry them out. The Public Advocates Office stated in comments filed with the commission […]

Assembly Panel Okays Bills on Power Shutoff Rules & Unions

3 Apr

Legislation tweaking energy rules and policies, including setting deenergization protocols and prohibiting utilities from using ratepayer funds to deter workers from unionizing, passed out of the Assembly Utilities & Energy Committee April 3. AB 868 by Assemblymember Frank Bigelow (R-Placerville) requires that private and public utilities develop criteria specifying when and how they will stop […]

Undercurrents: Newsom Eyes New CPUC President

12 Mar

Updated March 14. Gov. Gavin Newsom is planning to shake up the California Public Utilities Commission, including appointing a new president of the commission, the Wall St. Journal reported March 11. A plan could be issued by the governor’s office in a matter of weeks, Newsom reportedly told legislators and analysts from S&P Global Ratings. […]

Losses for Two Utilities Mount Due to Wildfire Liabilities

28 Feb

California’s investor-owned utilities and their parents, with the exception of Sempra Energy, got clobbered in 2018 by wildfire liabilities. Two of the utilities together had total losses of almost $7.5 billion in the fourth quarter of 2018. Moreover, the financial reports showed that more losses may lie ahead. Edison International: It lost $1.4 billion, or […]

Cost of Wildfire Plans Ignites Calls for Reasonableness Reviews

27 Feb

Questions are mounting about the price tag and effectiveness of utility wildfire mitigation plans filed with the California Public Utilities Commission earlier this month. The plans filed by the state’s three major investor-owned utilities call for spending $3 billion or more a year of ratepayer money with the goal of preventing power lines from sparking […]

CPUC Okays PG&E’s & SCE’s $7B in Projected Energy Costs

21 Feb

The California Public Utilities Commission voted 4-1 to approve nearly $7 billion of cost forecasts for energy purchases for the coming year for two investor-owned utilities at its Feb. 21 meeting. The decision alloted nearly $3 billion for Pacific Gas & Electric and $4 billion for Southern California Edison for their 2019 spending projections. The […]

Juice: Clear Cutting for Fire Safety?

19 Feb

Oaks and other trees in California beware. The state’s investor-owned utilities have declared open season on trees in the name of fire safety. In doing so, utilities are set to cut down 400,000 trees this year alone, largely along their distribution lines where Californians live and work. Indiscriminate tree cutting and topping has the potential […]

So Cal Utilities File Wildfire Risk Reduction Plans

7 Feb

Southern California Edison and San Diego Gas & Electric submitted new proposals for beefing up safety measures to the California Public Utilities Commission Feb. 6. Pacific Gas & Electric also filed its wildfire safety plan the same afternoon. The measures in the 2019 Wildfire Mitigation Plans range from significantly increasing inspections of lines and other […]

CPUC Prohibits SoCal Gas from Keeping $1B+ in Cap-Trade Money

31 Jan

At its end of the month business meeting, the California Public Utilities Commission forbade Southern California Gas from redirecting $1.21 billion generated by greenhouse gas cap-and trade revenue away from its natural gas ratepayers to cover utility administrative costs. The five commissioners, including the newest member, Genevieve Shiroma, directed the gas utility Jan. 31 to […]

CPUC Approves $50 Million Energy Efficiency Program Renewal

10 Jan

The California Public Utilities Commission Jan. 10 voted 4-0 for a $52 million extension of the contract with the company that implements the utilities’ marketing and outreach portion of Energy Upgrade California. The program provides small businesses and homeowners with information tools and contacts to improve the energy efficiency of their homes and offices. It […]

IOUs Detail Equipments Possible Role in Fires, Including Bullet Holes

7 Dec

Updated Dec. 11. Both Pacific Gas & Electric and Southern California Edison filed follow-up reports with the California Public Utilities Commission on the possible role of their equipment in last month’s fires in Northern and Southern California. PG&E said it found bullet holes at the break point of the pole and on the equipment at […]