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Shorts

27 May

Pacific Gas & Electric reached a $43 million settlement with Sonoma and Shasta counties and other agencies and impacted cities to resolve wildfire civil claims arising from the 2019 Kincaid Fire near Geyserville and last year’s Zogg fire in Shasta County. “We look forward to continuing to partner with these local entities as we work […]

The Buzz

7 May

Pacific Gas & Electric’s $7.5 billion bond issuance gets final approval. Regulators sign off on its financing order, which includes oversight by a finance team tasked with protecting customers. Ratepayer advocates welcome the oversight on condition it is robust, but object to the legal basis of the approved ratepayer-backed securitization. San Diego Gas & Electric […]

PG&E Tells CPUC to Reject Challenges to $7.5B Bond Approval

4 May

Pacific Gas & Electric is defending the California Public Utilities Commission’s finding that it may proceed with its $7.5 billion mortgage-like ratepayer-backed bond issuance against objections from ratepayer advocates and others. Regulators unanimously approved April 23 Administrative Law Judge Robert Haga’s proposed decision finding the utility met the legal requirements for securitization. PG&E says it […]

Shaky Claims About PG&E Bond Rating Impact Raise Challenges

29 Apr

Pacific Gas & Electric argued repeatedly that it should be allowed to use bonds payable by customers to cover billions of dollars of its wildfire liability because it will help boost its credit rating. That in turn will lower borrowing costs, which then benefits those same customers. The California Public Utilities Commission bought its argument […]

PG&E’s Groundbreaking $7.5B PG&E Ratepayer-Backed Bond Set to Go

22 Apr

Pacific Gas & Electric ratepayers are now presumed to be on the hook for more than $11 billion over the next 30 years for a $7.5 billion bond, plus about $4 billion in interest. The unprecedented ratepayer-backed bond is to refinance PG&E’s $6 billion in short-term bankruptcy debt taken on to compensate fire victims last […]

Sonoma County DA Charges PG&E with Five Felonies

6 Apr

The Sonoma County District Attorney filed criminal charges against Pacific Gas & Electric April 6, alleging it ignited the Oct. 23, 2019, Kincaid Fire. It harmed six fire fighters, destroyed 374 buildings, and torched nearly 78,000 acres of land over a period of two weeks. The utility also was charged with causing air pollution through […]

Commission Proposal Okays PG&E $7.5B Ratepayer Bonds

31 Mar

The California Public Utilities Commission is on the verge of green lighting Pacific Gas & Electric’s plan to issue an unprecedented $7.5 billion in ratepayer-backed bonds to cover part of its 2017 wildfire liability. Rejecting multiple intervenors’ warnings about possible ratepayer harm, the Commission proposal specifically would allow PG&E to refinance its $6 billion short-term […]

The Buzz

25 Mar

State utility regulators scale back increases in gas fired power in their new decision seeking emergency supply and load reduction resources the next two summers. The private utilities are ordered to add at least 1,000 MW to meet demand during extreme heat, preferably with storage. But the California Public Utilities Commission’s second emergency plan okays […]

Court: No Expedited Path for Power Plant Siting Challenges

23 Mar

In a decision closely watched by groups that scrutinize power plant siting, the California Supreme Court affirmed that challenges to California Energy Commission power project decisions must go through the usual judicial review. They cannot be made directly to the state high court, pursuant to a March 19 ruling upholding a lower court decision. On […]

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 […]

Shorts

10 Feb

Gov. Newsom appointed Jan Schori, former Sacramento Municipal Utility District chief, to the five-member grid board. She will fill the void left by Dave Olsen, who retired. Her term runs to the end of this year. Newsom also reappointed California Independent System Operator board member Mary Leslie to a three-year term. “The ISO and our […]

The Buzz

4 Feb

State regulatory staff propose further crimping demand response, much to the dismay of advocates of these behind-the-meter resources. Making matters worse for them is the disparity in treatment between DR and fossil power plants. The City of San Diego plans to issue a second request for bids for electricity and gas services because the long-time […]

News Roundup: CA is #1 in EVs, PG&E Sells Wireless Access to Towers for $1B

3 Feb

Updated Feb. 3 California has done more than any other state to advance vehicle electrification, according to the American Council for an Energy Efficient Economy. “It is the only state to set deadlines for electrifying transit buses, heavy-duty trucks, and commercial vehicles, and to adopt statewide building codes for wiring most types of new buildings […]

SF Sues Energy Officials Over Connection Denials

2 Feb

The City and County of San Francisco filed suit against federal regulators for not stopping Pacific Gas & Electric from denying its requests to install lower voltage distribution connections to serve customers. The Federal Energy Regulatory Commission “failed to prevent unlawful discrimination against San Francisco,” the lawsuit says. It claims PG&E provides such connections to […]

SCE Reaches Another $2B Wildfire Settlement

27 Jan

Southern California Edison will pay $2.2 billion to insurance companies for payouts they made for losses resulting from the 2018 Woolsey Fire. But that is not all. Under this new settlement, SCE will pay additional amounts for policyholder claims that continue to come in until July 15, 2023. There is a cap in the settlement, […]

Notable New Appointments by Biden Administration, Including New FERC Chair

21 Jan

On his second day in office, President Joe Biden named Rich Glick chair of the Federal Energy Regulatory Commission. “I am honored that President Biden has shown the confidence in me to lead the agency at this critical moment in time,” Chair Glick said Jan. 21. Until mid-December, Glick was the sole Democrat member on […]

Shorts

19 Jan

The federal D.C Circuit Court of Appeals Jan. 19 struck down the Trump Administration’s Affordable Clean Energy rule, which loosened greenhouse gas limits on power plants. “For four years, the Trump administration has propagated the outright lie that the Clean Power Plan relied on regulatory techniques never used before, and the EPA constructed an unsupportable […]

News Roundup: New CPUC Executive Director

6 Jan

The California Public Utilities Commission named a new executive director to replace the former chief Alice Stebbins, who was fired in August. Rachel Peterson, who has been the Acting Executive Director, became the new director Jan. 5. “It is a great move for the CPUC,” Arthur O’Donnell, energy analyst and journalist, and former CPUC staffer, […]

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 […]

News Roundup: Stebbins Sues CPUC, Senator Seeks to Advance Decarbonization

8 Dec

Alice Stebbins, the former California Public Utilities Commission executive director, who was recently fired, filed a lawsuit against the agency. She claims she was illegally ousted for being a whistle blower. “Ms. Stebbins was fired because she had the courage to blow the whistle, insist on collecting money due to the CPUC, and try to […]

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