Renewable Gas
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 […]
Shorts
California’s community choice organizations signed agreements for 3,000 MW of clean energy supplies over the last year. “These projects reflect a diversity of resources that will boost energy resilience and help California attain a 100% clean electricity system, while also supporting green jobs and fueling economic development,” CalCCA Executive Director Beth Vaughan said Nov. […]
News Roundup: SoCalGas Ends Lawsuit Alleging Energy Commission Was ‘Anti-Gas’
SoCalGas settled a lawsuit it filed last year against the California Energy Commission that claimed some of its work to address the climate crisis was illegal. It specifically challenged efforts to advance clean energy under state law and reduce the use of natural gas, including with increased electrification of buildings. The agreement was reached […]
Big hydro loss, Gov. waives pollution limits, Sempra earnings
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 MW Hyatt Powerplant because of the lack of flow from Oroville Lake to feed it.
That is after Gov. Gavin Newsom, in the […]
SDG&E and SoCalGas Parent’s Earnings Fall
Sempra Energy saw a sharp drop in net income for the second quarter, $424 million, or $1.37 a share, compared to $2.39 billion, or $7.61 a share for the second quarter of 2020.
Earnings from […]
CPUC Allows PacifiCorp to Delay Coal Retirement Plan, Eases Economics of Clean Microgrids
The California Public Utilities Commission voted without discussion to extend by several months the date by which PacifiCorp must file its plan detailing the retirement of coal plants serving 45,000 California ratepayers. PacifiCorp is a subsidiary of Warren Buffett’s Berkshire Hathaway.
At the same July 15 meeting, the CPUC […]