The Buzz

28 May 2020

The California Public Utilities Commission approves Pacific Gas & Electric’s huge debt package to get it out of federal bankruptcy court by the end of June as directed by state legislation.  

Moving on a parallel track is legislation setting the stage for California to seize PG&E’s gas and electric assets. Putting the utility under the auspices of a new state nonprofit, Golden State Energy, is in the event the utility collapses under the weight of its debt load or sparks another massive wildfire. But, a vote on the measure gets postponed.

This week’s Juice column takes a step back and looks at cracks in PG&E’s reorganization plan. There are warnings that the amount of debt it is taking on could turn those rate neutrality cracks into crevasses.

The Senate Energy Utilities & Commerce Committee during its first public hearing since the pandemic takes up legislation that reduces the impacts of shutoffs during wildfires, and aims to make cell phone communications more reliable during disasters. The panel also passes bills to support microgrids and lessen the digital divide.

The Assembly energy committee during its brief public meeting approves a bill halting immigration officials from demanding customers’ utility data.

CPUC president Marybel Batjer, who began the challenging job after PG&E’s bankruptcy but before its disastrous shutoffs, sails through her confirmation hearing the day before approving the utility’s reorganization.

And more…

The Editors

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