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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 […]

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

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 […]

CPUC is Heading Backwards on Demand Response Forward on Gas Plants

4 Feb

Instead of increasing demand response to help avoid blackouts during intense heat, a California Public Utilities Commission staff proposal would continue restricting its use on grounds some resources failed to show up during the August outages. At the same time, the fleet of gas plants are getting increased financial support in order to play a […]

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 […]

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 […]

Looming Diesel Concerns Drives Quest for Backup Alternatives

22 Jan

A potential air quality crisis in the state best known for pollution regulation pushed the California Energy Commission into a full day forum Thursday on alternatives to diesel generators. The use of backup generators has soared in California with the growing frequency of preventive power outages during climate-exacerbated fire conditions. That includes large diesel projects […]

Community Microgrid Advocates Left Waiting by CPUC

14 Jan

California is committed on paper to advancing private and public microgrids to protect communities from wildfire shutoffs, but a key step just taken by regulators favors projects advanced by the investor-owned utilities. A California Public Utilities Commission decision approved 4-0 on Jan. 14 makes way for the installation of 30 microgrids to power critical facilities—from […]

Final Blackout Study Calls for More Reserves, Warns of Diablo & Pacific Line Risk

14 Jan

Details on the key causes of the mid-August blackouts are out, and consistent with an earlier analysis. They highlight market and planning flaws and a system thin on the cushion of extra power, or resource adequacy, the grid requires. The final analysis also points to an acute concern over two scenarios: a sudden loss of […]

News Roundup: SDG&E’s Power Costs Okayed, LA Power Cited for Methane Leak

13 Jan

Updated Jan. 14 The California Public Utilities Commission unanimously approved San Diego Gas & Electric recovering from ratepayers $1.16 million for its 2021 projected power procurement costs, including for utility-owned generation, and greenhouse gas emissions. Presiding Commissioner Martha Guzman Aceves rejected SDG&E’s proposed accounting change that would have put off a sizable amount of the […]

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 […]

The Buzz

7 Jan

Three is not a charm for Pacific Gas & Electric. Its problematic 1,150 MW Unit 2 at its Diablo nuclear plant is down for a third time because of a new issue. The soonest it will be back online is the end of May. A quintet of community energy agencies receive solid credit ratings, which […]

New Problem at Diablo Nuclear Plant’s Unit 2 Causes 3rd Shut Down

7 Jan

Correction made Jan. 21 Half of California’s sole remaining nuclear plant, Diablo Canyon, is offline for the third time in six months, and it’s not expected to be back in continuous service for several more weeks. The plant’s 1,150 megawatt Unit 2 went down Dec. 2. Both of the unit’s two unplanned outages earlier last […]

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, […]

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 […]

The Buzz

17 Dec

Federal energy regulators shoot down a proposed order requiring the grid operator to prove the August outages were not caused by its unreasonable tariff. Two of the three voting Federal Energy Regulatory Commission members reject interfering with the California Independent System Operator’s work with state energy agencies to fill grid reliability gaps. The California Public […]

CPUC Acts to Advance Electric Vehicles

17 Dec

The California Public Utilities Commission has passed three more measures to promote electric vehicles. “These decisions will help with rates, charging behavior, infrastructure, and investment in underserved communities,” Commissioner Cliff Rechtschaffen said Dec. 17. In the first action, the Commission eliminated demand charges for commercial owners of electric vehicles in San Diego Gas & Electric […]

Cal Advocate Says SoCalGas Deserves Large Fine

15 Dec

The Public Advocates Office urged the California Public Utilities Commission to fine SoCalGas $124 million on claims it continued to use ratepayer funds to undermine state and federal gas efficiency rules, after it was prohibited from doing so. The standards apply to buildings and appliances. In May 2018, the Commission forbade the gas utility from […]

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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