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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, […]

Utility Annual Earnings & 4th Quarter Go North and South

25 Feb

Edison International’s earnings for 2020 fell, but its fourth quarter net income was higher than in 2019. For Sempra Energy, the reverse was true. Edison International–Annual earnings for Southern California Edison’s parent company dropped to $700 million in 2020, or $1.98 per share. That compares to $1.3 billion in 2019, or $3.78 per share. Fourth […]

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 […]

Will Controversial Aliso Canyon Gas Field Get a New Lease on Life?

24 Feb

Despite the state’s legal commitment to decarbonize the energy sector, staff at the California Public Utilities Commission have concluded the large Aliso Canyon natural gas storage field in Los Angeles needs to remain open. There has been a forceful effort to close the field since a months-long eruption of methane gas from a failed well […]

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 Regulators Grapple with $1B+ in Unpaid Energy Bills

11 Feb

The California Public Utilities Commission is exploring options for paying off the more than $1.15 billion in unpaid utility bills that has accumulated during the pandemic. “The numbers are pretty horrendous,” CPUC President Marybel Batjer said Feb. 11 of the arrearages for Pacific Gas & Electric, Southern California Edison, San Diego Gas & Electric and […]

PG&E & SCE Customers Will Soon See Double Digit Bill Increases

17 Dec

After numerous speakers objected to the California Public Utilities Commission increasing electricity and gas rates because of the shelter in place orders, higher winter utility bills and loss of jobs, a rough estimate of the big increases in the investor-owned utility bills starting next year was presented Dec. 17.  Rate hikes are driven largely by […]

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 […]

Shorts

15 Dec

Updated Dec. 17 President-elect Joe Biden announced Dec. 17 he will nominate former Michigan Governor Jennifer Granholm as the new Secretary of Energy. He also plans to name former U.S. EPA chief Gina McCarthy National Climate Advisor. The appointed Deputy National Climate Advisor is Ali Zaidi. Zaidi is currently New York’s Deputy Secretary to the […]

CPUC Commissioner Liane Randolph Named State Air Chief

9 Dec

In a surprise move, Gov. Gavin Newsom appointed utility regulator Liane Randolph to head the California Air Resources Board. She will replace Mary Nichols in January. “I am beyond excited and honored to join the path-breaking team at CARB, which has been at the forefront of environmental progress for decades,” Randolph said. She committed to […]

Shorts

24 Nov

SoCalGas and San Diego Gas & Electric announced Nov. 23 that they were launching a demonstration project that would blend green hydrogen with natural gas. The utilities said the move was part of their strategy to lower the carbon content of their fuel. “The vision is to leverage surplus renewable electricity generated in the middle […]

CPUC Will Scour for Demand Side Resources

19 Nov

In order to avoid a replay of rolling blackouts next summer, the California Public Utilities Commission voted unanimously to expedite rules to get more resources connected to the grid, avoiding the typical, years-long process. The new rulemaking considers temporary changes to resource adequacy, demand response, load shifting and other like programs and rules.  The commission […]

The Buzz

12 Nov

Pacific Gas & Electric pitches a plan to transfer $7.5 billion of shareholder debt to ratepayers, which gets raked over the coals. Consumer advocates argue that substituting long-term ratepayer-backed bonds for the bankruptcy debt puts customers’ pocketbooks at risk and fails to meet legal requirements. Those mandates include that the financing be rate neutral and […]

Consumer Advocates Push for $255M SoCalGas Penalty

10 Nov

The official advocate for California utility ratepayers says the state should punish Southern California Gas by fining it $255.3 million for illegally using ratepayer money to thwart energy efficiency building codes and appliance standards. “Since at least 2014, SoCalGas has engaged in a concerted effort to undermine the state’s energy efficiency goals related to new […]

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 […]

Sempra Energy’s Earnings are Middle of the Road

5 Nov

Sempra Energy’s latest earnings were not as bright as those of Pacific Gas & Electric Corp, nor as dismal as Edison International’s, both of which were reported last week. Sempra’s profits fell to $421 million, or $1.21 a share, compared to $909 million, or $2.93 a share, in last year’s third quarter. At the same […]

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. […]

Feinstein and Barragan Take Aim at SoCal Gas for Astroturfing

29 Oct

Sen. Dianne Feinstein (D-CA) and Rep. Nanette Barragán (D-CA) are demanding answers from Southern California Gas about its ongoing attempts to undermine California policy aimed at phasing out natural gas use. They specifically cite the company’s attacks against construction electrification ordinances and truck electrification. In an Oct. 29 letter to the head of the gas […]

California is Driving the Hydrogen Fuel Market

6 Oct

California has been a leader in hydrogen-fueled transportation and today is home to nearly all the hydrogen fuel cell electric vehicles in the United States. There are about 7,000 of these vehicles on state roads, and only another 600 spread across the whole country. Seven thousand vehicles is very few, but hydrogen vehicles are likely […]

News Roundup: PG&E Seeks $2B more for Past Fire Costs

1 Oct

Pacific Gas & Electric is asking the California Public Utilities Commission for authority to charge ratepayers another $2 billion for costs of the 2017 wildfires and 2018 Camp Fire. It also wants approval to sell its century-old headquarters in San Francisco. The utility seeks “$1.18 billion in expense and $801 million in capital expenditures, which […]

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