California wildfires
PG&E’s stock price sank lower Monday and Tuesday, dropping by more than 30% due to fears the company could go bankrupt or be broken up by the state.
After the deadliest wildfire in California history, PG&E is facing intense scrutiny from lawmakers, regulators and a federal judge.
CAISO will tackle its new role as reliability coordinator in 2019, and California lawmakers will struggle with preventing wildfires sparked by power lines.
PG&E reported additional problems with its transmission lines prior to the Camp Fire and asked state regulators to approve a more than $1 billion rate hike.
The California Public Utilities Commission voted to examine its rules allowing utilities to de-energize power lines in cases of wildfire conditions.
California legislators will struggle with wildfire liability, while lawmakers in Washington and Nevada could debate clean energy.
The California PUC will open a new phase of investigation into PG&E’s practices as the utility faces allegations that its equipment ignited the Camp Fire.
California’s deadliest and most destructive wildfire has set off a new round of turmoil for Pacific Gas and Electric.
NERC stakeholders are expected to consider a new standard authorization request to address inverter-based resources after the Standards Committee rejected two proposed by CAISO.
PG&E is already falling under suspicion for starting the Camp Fire after one of the utility’s transmission lines was reported downed at the time and location of the fire’s ignition.
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