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Sempra Energy’s Earnings Plummet

Like California’s other two investor-owned utilities and parent companies, Sempra Energy’s latest earnings also were in the red, not from wildfire liability but from the huge methane leak at subsidiary SoCalGas’ Aliso Canyon storage field. A $1.13 billion settlement that includes most of the plaintiffs resulted in a loss for Sempra of $651 […]

November 8, 2021|

Oil Executives Face House Oversight Committee

House democrats brought the CEOs of four major oil companies before the Committee on Oversight and Reform Thursday for a grilling that several lawmakers openly hoped would have the historic significance of the 1994 hearing where cigarette executives denied that tobacco was addictive.

But the hearing lacked that kind of revelatory moment.

Those who track climate […]

October 28, 2021|

Natural Gas Prices Spike, Solar and Wind Buildout Continues

Meteorologists are forecasting a warmer winter across much of the United States, which often leads to slack demand for natural gas. But this year, increased exports of liquefied natural gas are driving up the price of the fuel, according to Federal Energy Regulatory Commission staff. Global global demand for LNG exports has increased 21% increase compared to last winter.

October 21, 2021|

Shorts

A 50 MW offshore floating wind turbine development is now operating off the coast of Scotland. Said to be the biggest floating wind project, the Kincardine wind farm consists of five 9.5 MW turbines designed by Principle Power, which sit above water that is up to 80 meters deep. California seeks to create a […]

October 19, 2021|

The Buzz

Clean local microgrid bills keep moving forward in the Legislature. Also continuing to advance is hotly contested legislation that would add significant costs to net metered solar rooftops. But measures to decarbonize state buildings and promote more renewables fizzle. Find out more in the latest legislative roundup.

A […]

May 27, 2021|
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