If drought and extreme heat continue into next year, the shortfall on the California grid from high summer heat could escalate to 5.2 GW, up from this summer’s projected shortfall of 3.5 GW. That is according to preliminary results of the California Energy Commission’s expanded planning model released Aug. 11.
Warnings about diminished hydropower because of the ongoing drought in California become a reality. On Thursday, a state official announces the shutdown of the 750 MWHyatt Powerplant because of the lack of flow from Oroville Lake to feed it.
The California Public Utilities Commission unanimously voted to require Pacific Gas & Electric shareholders, not ratepayers, to pay $25 million over five years for an independent state safety monitor. It won’t be the first time the company has had such a watchdog, but questions about the extent of oversight and who would […]
Californians may have yet another fire to attribute to Pacific Gas & Electric. The utility informed regulators that its equipment may have ignited another wildfire last month that has torched huge amounts of forest and destroyed or damaged more than six dozen structures. In an Aug. 2 filing to the California Public […]
Quarterly earnings for Edison International were on par with those of the previous year, at $318 million. Per share earnings were down, at 94 cents per share compared to the second quarter of 2020 at $1/share. That is largely because utility Southern California Edison’s earnings fell to $359 million compared to $381 […]