Archive | wildfires RSS feed for this section

Shorts

6 Apr

updated April 8 Gov. Gavin Newsom and legislators agreed on a $536 million “early action” fire prevention package. The package will fund the thinning of forests, fuel breaks around vulnerable communities and community hardening infrastructure to mitigate wildfire damage. “This year, we are budgeting more than $1 billion, with more than $500 million in early […]

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 […]

Shorts

29 Mar

The state snowpack is 59% of the April 1 average, at 16.5 inches, the Department of Water Resources announced. The key measuring station at Phillip’s Station in South Lake Tahoe had a snow depth of 83% of average, at 21 inches. “While the Southern Sierra remains well below average for both rain and snow, the […]

Shorts

22 Mar

The grid operator’s Western Energy Imbalance Market officially added four community-owned utilities and a federal power agency March 25. The newest members are Turlock Irrigation District and the Balancing Area of Northern California. BANC members are the Modesto Irrigation District, the City of Redding, the City of Roseville, and the Western Area Power Administration–Sierra Nevada […]

100% Clean Energy Requires Mega Capacity Stretch

16 Mar

Achieving 100% clean electricity in California by 2045 will require a three-fold increase in current installed capacity. It is estimated to cost 6% more than a 60% renewable portfolio standard. That is according to a joint report by the California Public Utilities Commission, California Energy Commission and Air Resources Board. The report estimates an annual […]

Capital Roundup: Gov. Touts Climate Action, CPUC Rebuked for Aliso Canyon

10 Mar

In his State of the State, Gov. Gavin Newsom pointed to climate driven wildfires and the necessity of curbing greenhouse gas emissions, particularly from the transportation sector. It is the largest source of state emissions. During his evening March 9 address, Newsom highlighted his executive order banning the sale of gasoline powered cars and passenger […]

The Buzz

4 Mar

A California Public Utilities Commission proposal seeks 7,500 MW of additional resources starting in 2024. Of that amount, 2,000 MW would be non-fossil. The resources are to make up for the closing Diablo nuclear plant and old inefficient gas-powered plants. But it is much more than meets the eye. East Bay Community Energy and OhmConnect […]

SCE Seeks to Curb Shutoffs this Summer

2 Mar

Southern California Edison believes its latest summer grid hardening plan will avoid a repeat of last year’s 16 public safety shutoffs, utility representatives told the California Public Utilities Commission March 1. SCE was required to submit a corrective action plan last month to the CPUC after getting raked over the coals during a Jan. 26 […]

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 […]

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 […]

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. […]

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, […]

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 […]

Roundup: Power Shutoffs in Winter, San Diego Community Energy to Launch Soon

19 Jan

Updated Jan. 21 Highly unusual winds for this time of year prompted preventive power shutoffs and warnings to more than 300,000 utility customers early this week, nearly all in Southern California Edison territory. About 78,546 SCE customers across six counties had their power cut by Tuesday afternoon. Most were in Los Angeles, Riverside and Ventura […]

Bill Provides Backing for Microgrids in Struggling Communities

19 Jan

A proposed bill in the state Senate would address the growing gap in who is able to set up microgrids in California by providing support to communities seeking energy resilience. SB 99 by Sen. Bill Dodd (D-Napa) creates a statewide grant and technical assistance program to help local governments increase installations of clean community microgrids […]

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 […]

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 […]

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 […]

The Buzz

3 Dec

The Diablo nuclear power plant’s Unit 2 shuts down just two days after it goes back online over the Thanksgiving holiday weekend. The $100 million rebuild of the electric generator part malfunctions for a third time. A watchdog wants to know the cause, who is on the hook for the repair and whether there will […]

PG&E Rates Climb and Climb Again

3 Dec

As Californians pay higher electric bills because work and other activities are confined to home, the California Public Utilities Commission unanimously approved a request from Pacific Gas & Electric to increase its revenue this year by $9.1 billion, a nearly 7% increase over last year. In 2021, there will be an additional $316 million rise […]

error

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