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Capital Roundup: Calif. & Feds Reach Offshore Wind Deal

Gov. Gavin Newsom announced May 25 that he and the Biden Administration reached a deal to promote 4.6 gigawatts of offshore wind development in California over the next decade.

Part of the agreement entails a lease sale offer by the federal Bureau of Ocean Energy Management as early as […]

May 25, 2021|

State Utility Regulators Call For 11.5 GW of New Resources by 2026

Two competing California Public Utilities Commission proposals would require utilities, community energy and other provider investments in a combined 11,500 megawatts to come online between 2023 and 2026 to ensure a solid and far less polluting grid. About one tenth would come from fossil-fueled power.

One proposal, by Administrative […]

May 25, 2021|

The Buzz

State utility regulators allow Pacific Gas & Electric to fold $447 million into rates to recoup part of its wildfire tab. Whether these incurred costs linked to different accounts are reasonable will be determined later.

Also this week, a majority of the California Public Utilities Commission refuses to […]

October 23, 2020|

News Roundup: SCE Reaches $2B Deal with Fire Insurers

Southern California Edison agreed to a nearly $2 billion settlement to cover all claims by insurance companies for payouts they made to businesses and homeowners harmed by the utility-sparked 2017 Thomas and Koenigstein fires, and the 2018 Montecito mudslides.

The agreement announced Sept. 23 pays $1.6 billion to insurance […]

September 25, 2020|
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