Archive by Author

Offshore Wind Power Coming to California

1 Mar

Offshore wind power is heading the Golden State’s way, first to serve the Redwood Coast Energy Authority, a panel of energy experts at a California Community Choice Association webinar said Feb. 26. This renewable technology has already gained favor in Europe, Asia, and on the East Coast of the U.S. The Redwood Coast authority project […]

The Buzz

25 Feb

The 2020 and quarterly earnings of the parent corporations of the four investor-owned utilities are a mixed bag. Annual net income for Edison International and PG&E Corp. drops while fourth quarter earnings rise. Sempra Energy’s reported income goes the opposite direction. While utility leaders sing the praises of increased investments and revenue to analysts, economists, […]

Utility Annual Earnings & 4th Quarter Go North and South

25 Feb

Edison International’s earnings for 2020 fell, but its fourth quarter net income was higher than in 2019. For Sempra Energy, the reverse was true. Edison International–Annual earnings for Southern California Edison’s parent company dropped to $700 million in 2020, or $1.98 per share. That compares to $1.3 billion in 2019, or $3.78 per share. Fourth […]

PG&E Reports Loss in 2020, Smaller than 2019

25 Feb

Pacific Gas & Electric Corp. reported continued losses for last year, at $1.3 billion, or $1.05 per share. That is far smaller than the utility loss of $7.7 billion, or $14.50/share, in 2019. Fourth quarter earnings for the utility’s parent company were in the black at $200 million, or 9 cents/share, contrasted with a loss […]

Rising Rates Drown Equity and Decarbonization

25 Feb

The burden of continually rising utility bills will derail California’s decarbonization work if left unaddressed, regulators, economists and ratepayer advocates warn. The rising costs are bearing down on struggling customers who’ve been hit hard by pandemic-driven job losses and sheltering at home. Higher bills undermine California’s equity policy goals and jeopardize the state’s clean energy […]

Budget Committee Eyeing Governor’s EV Charging Spending

24 Feb

A Senate Budget Subcommittee is scrutinizing the governor’s nearly $1.5 billion proposal to fund largely electric and hydrogen vehicle charging stations. It includes $1 billion of continuous appropriations over many years, raising eyebrows. Sen. Bob Wieckowski (D-Fremont), subcommittee chair, objected to Gov. Gavin Newsom’s proposal of recurring annual appropriations for electric and hydrogen-powered vehicle stations […]

Will Controversial Aliso Canyon Gas Field Get a New Lease on Life?

24 Feb

Despite the state’s legal commitment to decarbonize the energy sector, staff at the California Public Utilities Commission have concluded the large Aliso Canyon natural gas storage field in Los Angeles needs to remain open. There has been a forceful effort to close the field since a months-long eruption of methane gas from a failed well […]

SCE Ratepayer-Backed Bonds for Fire Costs Save Million$

23 Feb

Southern California Edison issued $338 million in securitized bonds to cover part of its wildfire capital expenditures on Feb 17. The bond offering closed Feb. 24. It is the first utility to issue what will be billions of dollars of mortgage type, ratepayer-backed bonds to recover fire mitigation and other costs under new state laws. […]

Shorts

23 Feb

The Federal Energy Regulatory Commission will exam whether there was market manipulation in the wholesale natural gas and electricity markets during last week’s extreme cold weather in Texas and the Midwest. “If the Office of Enforcement finds any potential wrongdoing that can be addressed under FERC’s statutory authority, it will pursue those matters as non-public […]

The Buzz

18 Feb

The Federal Energy Regulatory Commission Chief calls the multi-day power outage in Texas a “humanitarian crisis.” FERC is looking into what went wrong during the unusually icy conditions. It urges politicians, the media, and others to not speculate on the cause of the loss of power. Soaring demand in Texas, frozen power plants, and massive […]

FERC Chair: Texas Outages a “Humanitarian Crisis,” Agency Opens Door to Enviro Justice

18 Feb

The massive days-long power outage caused by frigid weather across Texas and the Midwest, resulting in numerous deaths, is a “humanitarian crisis,” Federal Energy Regulatory Commission Chair Rich Glick declared. He and his fellow commissioner urged against pointing fingers at any one energy resource causing the power shortages, whether gas plants or wind turbines, at […]

Biden Keeps Desert Renewable Plan Intact

18 Feb

The Biden Administration blocked the former Trump Administration’s last minute effort to weaken protections in the Desert Renewable Energy Conservation Plan. The proposed changes would have reduced protection of 2.2 million acres of rocky peaks, salt scrub lowlands and rich riparian corridors and other sensitive desert by allowing mining and other industrial uses. It also […]

Bills to Ban Fracking, Create Offshore Wind Industry Introduced

17 Feb

Updated Feb. 18 Legislation that would ban the practice of fracking to extract natural gas and oil from many wells was announced Feb. 17 by Sen. Scott Weiner (D-San Francisco) and Sen. Monique Limon (D-Santa Barbara). The ban would affect new wells and those up for renewal starting Jan. 1, 2022. SB 467 also would […]

Questions Raised About Integrity of Cap-and-Trade Program

17 Feb

The role of the carbon cap-and-trade program and flaws in California’s plan to sharply reduce greenhouse gas emissions were laid bare at a Feb. 16 meeting of the Senate Budget Subcommittee No. 2. One thing that became clear during the hearing is that the state is over relying on carbon reductions from the program, including […]

News Roundup: CAISO Calls for Conservation, PG&E Reaches 10M Securities Settlement

17 Feb

Updated Feb. 18 In a reversal of high heat and demand causing rolling blackouts in California, Texas suffered far larger and longer blackouts this week because of unusually icy conditions. More than 4 million customers lost power because thermal power plants were unable to operate. Wind turbines also froze. “Extreme weather conditions caused many generating […]

JUICE: Solar + Storage Is Rising

16 Feb

Making energy from the sun a more versatile resource by pairing it with storage technologies is gaining momentum as the grid evolves and prices fall. Storage is “at the same point in the growth curve that PV was at circa 10 years ago,” Bernadette Del Chiaro, California Solar and Storage Association executive director, said. Of […]

The Buzz

11 Feb

The ever-growing tab from months of unpaid utility bills will soon come due. Who gets saddled with that debt, currently $1.15 billion, remains to be seen? The California Public Utilities Commission will look at repayment options. Unpaid bills of $1 billion and climbing gets dwarfed by the $15 billion in additional spending the private utilities […]

Utility Regulators Grapple with $1B+ in Unpaid Energy Bills

11 Feb

The California Public Utilities Commission is exploring options for paying off the more than $1.15 billion in unpaid utility bills that has accumulated during the pandemic. “The numbers are pretty horrendous,” CPUC President Marybel Batjer said Feb. 11 of the arrearages for Pacific Gas & Electric, Southern California Edison, San Diego Gas & Electric and […]

More Fossil Power to Meet Summer 2021 Peak Demand Expected

11 Feb

In anticipation of high summer demand, including when the sun sets, the California Public Utilities Commission ordered investor-owned utilities to line up more supply resources, expected largely to be gas-fired power. That runs counter to the state mandate to ramp down fossil-fueled electricity to zero. “Customers deserve a reliable grid,” CPUC President Marybel Batjer said […]

CEC Funds Plug-in Load Curbs, Alt Batteries and Better Forecasting, Waives PV Mandate

10 Feb

The California Energy Commission approved $6 million in grants this week for projects reducing commercial and residential load from computers, cell phones and other plug-in devices, innovative battery technologies, and for improved distributed energy resource forecasting. At its Feb. 10 meeting, the commissioners also unanimously agreed to exempt two cities from state requirements that photovoltaics […]

error

Please share California's Energy Policy news source with your friends