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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, […]

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. […]

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 Fire and Climate Costs Keep Soaring

9 Feb

The new updates to the three investor-owned utilities’ fire mitigation plans submitted to California regulators add more than $15 billion in expenses through 2022. That is in addition to the nearly $7 billion spent to reduce fire danger last year. Most of the 2021 and 2022 investments go to advanced technologies to improve fire awareness […]

The Buzz

28 Jan

Tis the season for new legislation and among the new bills is one setting a financial bar for major companies to report their greenhouse gas emissions. In addition, big businesses would be required to report both direct and indirect carbon emissions. Other legislation would curb gas use in new buildings, seek to grow green hydrogen […]

SoCal Edison Takes Heat Over Power Shutoffs

27 Jan

State officials excoriated Southern California Edison Tuesday over its extensive power shutoffs last year, including over Thanksgiving and the Christmas holiday, awarding it the Hall of Shame prize for 2020. It was previously reserved for Pacific Gas & Electric. PG&E was raked over the coals by regulators and politicians for the harm and disruption caused […]

Roundup: Power Shutoffs in Winter, San Diego Community Energy to Launch Soon

19 Jan

Updated Jan. 21 Highly unusual winds for this time of year prompted preventive power shutoffs and warnings to more than 300,000 utility customers early this week, nearly all in Southern California Edison territory. About 78,546 SCE customers across six counties had their power cut by Tuesday afternoon. Most were in Los Angeles, Riverside and Ventura […]

CPUC Orders Utilities to Line Up More Resources for Peak Summer Demand

11 Jan

To avoid rolling outages due to electricity supply shortages, state officials direct the three investor-owned utilities to line up additional resources by mid-February. The aim is to ensure peak demand and demand as the sun sets, known as net peak, are met this summer.   Under a Jan. 8 proposed decision by an administrative law […]

JUICE: Top 2021 Energy Issues

5 Jan

Looking ahead at key energy concerns this year, Current predicts soaring utility bills in an economy battered by Covid-19 will be a major issue. Others will include the fate of the vast majority of San Diego Gas & Electric’s customer base and expected devastation and outages in the upcoming fire season. Also, center stage in […]

Edison Reimagines California’s Distribution System

5 Jan

Distributed energy’s explosive growth makes integrating it in a way that supports the power system critical, according to a new white paper from Southern California Edison. The paper forecasts significant growth of distributed energy resources (DER) in California and “we want to have the system technologies to see and manage their impacts,” SCE VP of Asset […]

The Buzz

10 Dec

Liane Randolph, who has been at the California Public Utilities Commission for the last five years is making a big move. She is the next Air Resources Board chair, replacing Mary Nichols, who may head to Washington DC. Southern California Edison signs another big round of energy storage deals this week. That includes 585 MW […]

SCE Inks 590 MW of Storage Deals

9 Dec

Southern California Edison signed four long-term contracts for 590 megawatts of battery storage. Three of the deals are large utility-scale, lithium ion projects with a combined 585 MW of capacity. The fourth is for 5 MW of aggregated customer storage. “Bringing more utility-scale battery storage resources online will improve the reliability of the grid and […]

The Buzz

3 Dec

The Diablo nuclear power plant’s Unit 2 shuts down just two days after it goes back online over the Thanksgiving holiday weekend. The $100 million rebuild of the electric generator part malfunctions for a third time. A watchdog wants to know the cause, who is on the hook for the repair and whether there will […]

Strong Santa Anas May Cause Long Outages

1 Dec

Updated Dec. 3 San Diego Gas & Electric shut off power to 73,000 customers starting Dec. 1 because of multi-day powerful Santa Ana winds.  The winds are impacting a huge swath of Southern California, from Los Angeles to San Diego. A number of wildfires broke out mid-week. Brian D’Agostino, SDG&E’s director of fire science and […]

The Buzz

6 Nov

Neil Chatterjee, who has served as the Federal Energy Regulatory Commission chair for more than two years, is suddenly replaced. President Trump late Thursday names James Danly the new FERC chief. In blue California, state utility regulators approve Southern California Edison’s plan to issue $337 million in ratepayer-backed bonds to recover the costs of making […]

CPUC Suspends Questionable Shareholder Bonuses

5 Nov

The California Public Utilities Commission voted 5-0 to halt paying shareholders each year $30-$75 million from ratepayer pockets for unearned energy efficiency savings.  Cal Advocates, the ratepayer advocate at the CPUC, successfully argued there was no evidence that the energy efficiency bonus program has caused the private utilities to prioritize efficiency beyond what is required.  […]

State Regulators Face Solar Dilemma

3 Nov

Monday’s kickoff of California’s long-awaited proceeding to update net energy metering highlighted regulators’ dilemma of how to grow solar resources without shifting system costs to customers who don’t own solar energy projects. Nationally, hopes are high that California’s proceeding will offer breakthrough solutions to the troublesome successor tariff complexities that have emerged in other states […]

The Buzz

30 Oct

Two California private utility parents report third quarter earnings, one bearing good news and the other far from rosy. Pacific Gas & Electric gets a post-bankruptcy bounce. Edison International goes the opposite direction. SoCalGas gets slammed for its climate damaging activities, from undermining home electrification to suing the state for its clean trucks rule. Sen. […]

Edison’s Earnings Plummet, PG&E’s Shoot Upward

29 Oct

The two largest investor-owned utilities in the state reported starkly divergent earnings for the third quarter, with Edison International pointing to losses due to fire liability amped up by climate change. Pacific Gas & Electric reported gains in the third quarter ending Sept. 30, three months after emerging from bankruptcy. Edison International: Southern California Edison’s […]

SCE May Have Sparked Orange County Blaze

27 Oct

Updated Oct. 30 During the most dangerous fire conditions to hit much of the state this year, Southern California Edison has revealed its equipment could have started the Silverado Fire in Orange County early Monday morning. The fire spread to more than 13,400 acres by early Friday, and was 63% contained. The utility’s Oct. 26 […]

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