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Sempra Earnings Soar, Ups Fight to Protect Turf in CA

5 Aug

Sempra Energy, the parent company of both San Diego Gas & Electric and SoCal Gas, saw sharply increased earnings of $2.305 billion in the second quarter, or $7.64 per share. That compares to $435 million last year, or $1.29 per share. Much of the increase was attributed to the multi-billion dollar sale of its South […]

The Bill for Energy Shifts from the Office to Home

4 Aug

The increased hours people are spending at home have driven up residential power demand in California, and with it, utility bills. Late summer with its higher temperatures only makes the situation worse. The highest increase in home energy use reported among the major private and public utilities was 15%, in the southern part of the […]

News Roundup: CPUC to Oppose Payday for Transmission Owners

3 Aug

Updated Aug. 6 State energy regulators are expected to soon ratify their staff’s formal opposition to the Federal Energy Regulatory Commission’s March plan that would give transmission owners handsome payoffs for cybersecurity upgrades. The awards would come even if the businesses were already making the investments without the incentives. FERC proposes the changes to benefit […]

Edison’s Earnings Drop, PG&E’s Losses Less Grim

30 Jul

Two of California’s three investor-owned utilities reported second quarter earnings this week. Edison International’s earnings were not as rosy as the same quarter last year, Pacific Gas & Electric Corp’s were not as bad. Sempra reports earnings next week. Edison International, the parent company of Southern California Edison, reported a drop in second quarter earnings […]

The Buzz

16 Jul

PG&E sparked last fall’s Kincaid wildfire, CalFire reveals. State regulators launch a cutting edge framework for figuring how big a hit combined utility bills are for low income ratepayers. The scrutinized tab will include electricity, gas, telecommunication and water bills. More than two years after the near-devastating crumbling of the Oroville dam spillway, federal energy […]

Closer Scrutiny for Rising Utility Bills

16 Jul

The California Public Utilities Commission July 16 adopted a groundbreaking blueprint for judging the affordability of all essential utility services, from power to water, for struggling ratepayers. No California agency has ever evaluated the reasonableness of combined utility costs for low income customers, who have been hit hard by shelter-at-home rules and resulting unemployment.   […]

Building Electrification Gets Broad Support

9 Jul

Struggling Californians make up 40% of the population and suffer a disproportionate share of indoor pollution, principally from gas-fueled appliances. A new report, Towards an Accessible Financing Solution, offers a blueprint for financing strategies to drive the electrification of the homes of low-income people. Currently, home clean energy retrofits are principally reaped by Californians who […]

Court Approves PG&E $60B Financing Scheme, Company Issues More Debt

23 Jun

The U.S. Bankruptcy Court confirmed Pacific Gas & Electric’s $58 billion reorganization to resolve massive claims—from wildfire victims and other creditors—10 days ahead of a legislative June 30 deadline. That is the final date for accessing the $21 billion utility ratepayer and shareholder funded fire trust, which PG&E and the court have kept their eyes […]

Shorts

16 Jun

Pacific Gas & Electric pled guilty June 16 in Butte County Superior Court to 84 counts of manslaughter and one count of illegally starting the 2018 Camp Fire. “I have heard the pain and the anguish of victims as they’ve described the loss they continue to endure, and the wounds that can’t be healed,” Bill […]

Success of PG&E’s Wildfire Plan Iffy, Lawmakers Told

4 Jun

With the threat of wildfires approaching, lawmakers wanted details on Pacific Gas & Electric’s mitigation plans, including how it will reduce the impacts of its public safety shutoffs during hot and windy conditions. Rachel Peterson, deputy director of the California Public Utilities Commission, reported to the Senate Energy Utilities & Communications Committee that PG&E was […]

Hearing on PG&E Takeover Bill Delayed

28 May

A key vote on dramatic legislation allowing the state to turn Pacific Gas & Electric into a state-owned, non-profit power agency was postponed May 28. Assembly Utilities & Energy Committee Chair Chris Holden (D-Pasadena) said the author asked for more time to work out the provisions of SB 350, creating Golden State Energy. SB 350’s […]

Batjer Wins Easy Confirmation as CPUC President

27 May

The Senate Rules Committee unanimously confirmed Marybel Batjer as the California Public Utilities Commission president May 27. Batjer, who appeared by video stream before the committee, faced no opposition from committee members or the public. “We are very lucky to have you,” Senate pro Tem Toni Atkins said before the 4-0 confirmation vote. Batjer was […]

JUICE: Doubts about PG&E Promise to Exit Bankruptcy Sans Rate Hike

26 May

Pacific Gas & Electric’s $58 billion borrowing plan to exit bankruptcy is required to be rate neutral. Ratepayers are not supposed to pay an extra dime for the Chapter 11 proceedings under the law creating a $21 billion wildfire fund, AB 1054. Protecting ratepayers from paying for this second bankruptcy, which roughly doubles PG&E’s debt, […]

The Buzz

7 May

The California Public Utilities Commission staff releases a draft resolution that finds big holes in the private utilities 2020 plans for reducing wildfire threats. But it recommends they be approved. Pacific Gas & Electric shareholders are on the hook for nearly $2 billion for numerous fires the company sparked in 2017 and 2018. The presiding […]

Home Excess Energy Use Charge Tamped Down

7 May

To help decrease bills for residents spending all day in their homes, energy regulators voted to lower the financial penalty for excess energy use typically charged by the investor-owned utilities. The reduction is to “make sure residential bills remain manageable during this crisis,” California Public Utilities Commission member Genevieve Shiroma said May 7. The move […]

Outcry over Bill to Revive Stalled Pumped Storage Project

30 Apr

Among a reduced number of pending energy bills is a controversial measure to boost the prospects of a large pumped storage project near Joshua Tree National Park. AB 2255 by Assemblymember Susan Eggman (D-Stockton) was revised in March, shifting the focus from advancing long duration storage to benefiting Next Era’s 1,300 MW Eagle Crest hydropower […]

The Buzz

23 Apr

The California Public Utilities Commission seeks ways to ease the suffering of ratepayers and alternative energy companies and their workers struggling to stay afloat during the pandemic. After months of controversy, East Bay Community Energy votes 10-5 to reject taking nuclear power from PG&E. The nuclear power is a hot political potato for the East […]

CPUC Strives to Wring Progress out of Pandemic

23 Apr

An April 23 workshop at the California Public Utilities Commission on Covid-19 and its fallout was a study in pain. Mounting numbers of state residents cannot pay their gas and electric bills. The range of energy businesses, from those in solar, to energy efficiency to transportation electrification, are suffering layoffs, lost business and financing, and […]

Spotlight on Ratepayer Subsidies of Utility EV Charging Costs

22 Apr

The California Public Utilities Commission is examining two thorny questions central to the expansion of electric vehicles: How long should investor-owned utility ratepayers keep paying for the installation of new charging stations? And how long should the private utilities dominate the installations? The questions were the focus of an April 20 workshop. Intertwined with the […]

CPUC Okays Minor Residential Rate Relief

16 Apr

State energy regulators unanimously agreed to accelerate the disbursement of the state’s greenhouse gas auction revenue to lower the bills of the customers of the state’s two largest utilities. Bill reductions will total about $36. The California Public Utilities Commission April 16 action was in response to job losses and higher utility bills stemming from […]