Archive | Cap-and-Trade RSS feed for this section

Federal Regulators Take Steps to Lower Utility Incentives, Integrate State Carbon Pricing

15 Apr

Members of the Federal Energy Regulatory Commission agree on the need for better transmission efficiency and a build out of high voltage lines. But the five commissioners strongly disagree on incentives for utilities that participate in independent and regional transmission organizations, which are responsible for grid modernizations. To protect ratepayers, FERC proposed April 15 on […]

California Prepares for Worsening Wildfires

13 Apr

Gov. Gavin Newsom signed into law April 13 a legislative package providing $536 million in emergency funding for wildfire prevention and response. “California is taking bold, early action to protect our high-risk communities from the upcoming wildfire season before it starts,” Newsom said. Proceeds from the state’s Carbon Cap-and-Trade program and its General Fund provided […]

Shorts

2 Mar

The Department of Water Resources’ March 2 snow survey found that California’s snowpack was below average. Overall, it’s 61% of the average for this time of year, and 86% of the average at Phillips Station in South Lake Tahoe. At the latter station, a snow depth of 56 inches was measured with a snow water […]

Poor Carbon Accounting at CARB

1 Mar

The California Air Resources Board has failed to adequately measure whether its programs to reduce transportation emissions in disadvantaged communities are working, the State Auditor warned last week. The pollution agency overstated greenhouse gas emissions benefits from a program that gives people incentives to purchase clean cars. The Air Resources Board also has been slow […]

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, […]

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 […]

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 […]

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 […]

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 […]

New Bill Expands Climate Emissions Reporting

28 Jan

Legislation introduced by Sen. Scott Weiner (D-San Francisco) would require large companies that do business in California to publicly disclose their onsite and offsite greenhouse gas emissions starting in 2024. It would apply to companies that make $1 billion or more in revenue, The reporting requirement has no emissions threshold and includes businesses not covered […]

The Buzz

14 Jan

One of the avenues for helping secure power supplies during safety shutoffs and heat waves is a proceeding on clean microgrids. But a new California Public Utilities Commission decision makes little headway on advancing the microgrid market because of concerns about ratepayer costs and safety. Those concerns do little to appease low-income advocates who object […]

Newsom Proposes $2.5B for Electric Transportation & Fire Mitigation

11 Jan

Gov. Gavin Newsom’s 2021-22 budget proposes spending more than $1.5 billion to accelerate electric and other non-fossil fueled vehicles and charging stations, particularly in polluted poor communities. He also plans to direct another $1 billion to reduce wildfire risks in high threat areas—forests and communities.  Newsom’s proposal released Jan. 8 highlights significant exacerbation of climate […]

News Roundup: PG&E Admits it Caused Zogg Fire, Nichols not Next EPA Chief

15 Dec

Updated Dec. 17 Pacific Gas & Electric acknowledged that its equipment likely started the huge fire in Shasta County on Sept. 27, which killed four people and destroyed 204 buildings during the nearly two weeks it burned. More than 56,000 acres were torched. PG&E said it will take a $275 million hit in its end […]

News Roundup: GM Sees the EV Light

24 Nov

General Motors announced it will cease its opposition to California’s tailpipe emissions reduction work, asserting it is now committed “to an all-electric, zero emission future.” For about a year and a half, General Motors led the effort to strip California of its vehicle emissions regulatory power. Three weeks after the election that took down the […]

California Bans Gasoline Cars in 2035

23 Sep

Gov. Gavin Newsom signed an executive order Sept. 23 directing the sale of gasoline-fueled cars and small trucks to end within 15 years. This year’s worsening climate-exacerbated wildfires across the state was a key motivator. “We had to do more to make a big difference,” Mary Nichols, California Air Resources Board chair, said during the […]

Fed Commodities Regulators Break the Mold with Call for Carbon Pricing

17 Sep

The climate crisis threatens the stability of the U.S. financial markets, warned commissioners appointed by the current president to the Commodity Futures Trading Commission in a recent report. Although their report has not been approved by the full commission, Emilie Mazzacurati, founder/CEO of climate risk analyst 427, called it miraculous in the current political environment. […]

The Buzz

23 Jul

Energy storage is surging in California, with much of it being built next to solar plants. The grid operator board approves giving these complimentary co-located projects a market boost so they can fill the gap in peak supplies over the next three years. After many years, dozens of stakeholders reached an agreement on removing PacifiCorp’s […]

Calif.-Quebec Cap & Trading Upheld by Federal Court

20 Jul

A federal district court in California again rejected the Trump Administration claim that the Golden State’s carbon cap-and-trade program with Quebec interfered with federal authority over foreign affairs. “Overall, the United States has failed to identify a clear and express foreign policy that directly conflicts with California’s cap-and-trade program,” the U.S. District Court for the […]

The Buzz

2 Jul

Before the start of the fireworks, Pacific Gas & Electric announced it funded most of the $6.75 billion cash payment to fire victims. It also lined up another $12 billion to pay insurance claims as well as cities impacted by utility-sparked fires that burned from 2015-2018. Hydrogen fuel to lower transportation emissions, California’s biggest source […]

CA Budget Seeds PG&E Alternative

1 Jul

There is a clue in the new budget agreed to by lawmakers and the governor that they are serious about taking over PG&E and turning it into a non-profit utility. The budget contains a provision for a $50 million loan to the new entity under the newly enacted SB 350. That law says PG&E would […]

error

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