Pacific Gas & Electric is defending the California Public Utilities Commission’s finding that it may proceed with its $7.5 billion mortgage-like ratepayer-backed bond issuance against objections from ratepayer advocates and others. Regulators unanimously approved April 23 Administrative Law Judge Robert Haga’s proposed decision finding the utility met the legal requirements for […]
Pacific Gas & Electric argued repeatedly that it should be allowed to use bonds payable by customers to cover billions of dollars of its wildfire liability because it will help boost its credit rating. That in turn will lower borrowing costs, which then benefits those same customers. The California Public Utilities Commission […]
Advocates for ratepayers and for local power, together with members of the public were incensed when state energy regulators at the last minute cancelled a vote on a fire safety certification for Pacific Gas & Electric.
Annual certifications, required by AB 1054, are a condition of utilities recovering […]
The Los Angeles City Council voted unanimously April 7 to close the Playa del Rey underground natural gas storage facility owned by Southern California Gas. The Playa del Rey field is smaller but considered riskier than the Aliso Canyon gas storage field. The Playa facility, which is near the LA International Airport, […]
The Sonoma County District Attorney filed criminal charges against Pacific Gas & Electric April 6, alleging it ignited the Oct. 23, 2019, Kincaid Fire. It harmed six fire fighters, destroyed 374 buildings, and torched nearly 78,000 acres of land over a period of two weeks. The utility also was charged with causing […]
The California Public Utilities Commission is on the verge of green lighting Pacific Gas & Electric’s plan to issue an unprecedented $7.5 billion in ratepayer-backed bonds to cover part of its 2017 wildfire liability.
Rejecting multiple intervenors’ warnings about possible ratepayer harm, the Commission proposal specifically would allow PG&E […]