PG&E

California regulators have denied Pacific Gas & Electric’s (PG&E’s) plan to sell a multibillion-dollar stake in the utility’s power generation fleet to a New York-based investment firm. Oakland-based PG&E, which has been seeking to raise money for future operations and to help recover from financial losses due to a series of California wildfires, wanted regulatory […]

California utility Pacific Gas & Electric (PG&E) said the company is nearing a deal to sell power generation assets to KKR, a New York City-based global investment firm that has holdings in several business sectors, including energy and infrastructure. PG&E has been seeking money to pay for wildfire mitigation work across its service territory, and […]

Climate change has led many states and countries to set targets for reducing greenhouse gas (GHG) emissions from power systems. Oregon, for example, has set targets for all power sold to retail customers in the state to have GHG emissions cut by 80% by 2030, 90% by 2035, and 100% by 2040. It’s a challenging […]

The history of electric cooperatives is one of individuals striving to improve their local communities. Perhaps the most inspiring electric cooperative formation was initiated by Peggi Timm. Timm, whose accomplishments would fill a library, helped to create one of Oregon’s largest cooperatives, called Oregon Trail Electric Cooperative (OTEC). In 1987, OTEC’s service territory was controlled […]

The Department of Energy (DOE) will award credits under its Civil Nuclear Credit (CNC) program to bolster the continued operation of Diablo Canyon Power Plant (DCPP) Units 1 and 2, Pacific Gas and Electric Co.’s (PG&E’s) 2,240-MW nuclear plant in San Luis Obispo County, California. A record of decision published by the agency’s Grid Deployment Office on […]

California’s Diablo Canyon nuclear plant can continue operating at least through much of 2030 after state energy regulators on Dec. 14 voted to keep the facility open an additional five years. The state’s Public Utilities Commission (PUC) on Thursday agreed to extend the closure date for Diablo Canyon, which originally was scheduled to shut down […]

As the frequency and intensity of wildfires continue to increase across the U.S., electric utilities face unprecedented challenges in maintaining a reliable power supply and keeping communities safe. In

California utility Pacific Gas & Electric (PG&E) said it plans to invest $18 billion toward its wildfire prevention program through 2025 after sustaining major financial losses from fire-related claims over the past few years. PG&E filed for bankruptcy in 2019, and has paid billions of dollars in settlement awards tied to criminal and civil liabilities […]

The Biden administration has pledged another $1.2 billion to help extend the operating life of older or distressed nuclear power plants, with Energy Secretary Jennifer Granholm saying nuclear power is needed to support the nation’s clean energy goals. The funding, announced by the Dept. of Energy (DOE) on March 2, is the second tranche of […]

The Diablo Canyon nuclear power plant in California can continue operating while Pacific Gas & Electric (PG&E) seeks a license renewal for the 2,250-MW facility that would extend its lifecycle. The Nuclear Regulatory Commission (NRC) on March 2 approved PG&E’s request for an exemption to keep Diablo Canyon open past 2025. Thursday’s move is a […]