October 2, 2024

California

PG&E Announces Massive Shutdown to Prevent Wildfires
The escalating battle between bondholders and shareholders to control PG&E (NYSE:PCG) when it exits bankruptcy played out before Judge Dennis Montali.
EVs Could Soak up Solar or Exacerbate ‘Duck Curve’
A Pacific Northwest National Laboratory study found increased adoption of EVs in California could alleviate or exacerbate the state's duck curve.
California Governor Signs Electricity, Wildfire Bills
California Gov. Gavin Newsom signed two dozen bills dealing with wildfire prevention and affecting the state’s electricity providers.
FERC Denies Rehearing over RTO Adders
FERC again upheld the RTO incentives it previously approved for Southern California Edison and PG&E, rejecting rehearing requests by California regulators.
CPUC Adds RAMP Costs to Rate Case for 1st Time
The California PUC authorized costs for a new safety program as part of San Diego Gas & Electric and Southern California Gas' general rate case.
CPUC Opens Investigation of PG&E Bankruptcy Plan
The California PUC opened a formal examination into PG&E’s Chapter 11 reorganization plan, as bondholders trying to take over the utility upped the ante.
Lawyers Clash in PG&E Bankruptcy Hearing
Lawyers in the Pacific Gas and Electric bankruptcy case argued for hours over competing reorganization plans and how much the utility owes victims.
CAISO, CPUC Warn of ‘Reliability Emergency’
CAISO’s Board of Governors heard that the ISO could face capacity shortages as soon as next year if steps aren’t taken to address the potential shortfall.
San Diego OKs Community Choice Plan
San Diego and neighboring cities plan to form a community choice aggregation (CCA) program that would be California's second largest.
Electric Bills Go to California Governor
The California Legislature has passed four bills related to electricity, including one that could help shepherd the sale of PG&E’s San Francisco assets.

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