PG&E
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News
PG&E Stock Rises After Agency Says No Role in 2017 Fire
Shares of beleaguered California utility Pacific Gas & Electric (PG&E) soared on Jan. 24 after a state agency said the company bore no responsibility for a 2017 wildfire in the state. A statement from the California Department of Forestry and Fire Protection (Cal Fire) on Thursday said, “After an extensive and thorough investigation, Cal Fire […]
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News
PG&E: Judge’s Proposal Could Cost Utility $150 Billion
Pacific Gas & Electric (PG&E) on Jan. 23 said a federal judge’s proposal that the utility mitigate fire danger in its service territory by trimming trees, along with inspecting and repairing thousands of miles of power lines, could cost the company as much as $150 billion this year. William Alsup, a judge in the U.S. […]
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PG&E Says It Will File Chapter 11 Bankruptcy
California utility PG&E Corp. on Jan. 14 gave its workers the state-required 15-day advance notice of its intent to file a Chapter 11 bankruptcy. The company on Monday said its electric and natural gas service to customers should not be impacted during its reorganization, which comes as PG&E faces billions of dollars in liabilities related […]
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Reports: PG&E Prepared to File Bankruptcy in Wake of Wildfires
Reports on Jan. 13 said giant California utility PG&E Corp. could notify its workers as soon as Jan. 14 that it’s preparing to file for bankruptcy. Bloomberg on Sunday said the San Francisco-based utility, which faces billions of dollars in liabilities as investigations into its role in a series of deadly wildfires continues, will notify […]
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Fate of Diablo Canyon Nuclear Site In Play
The Diablo Canyon Decommissioning Engagement Panel (DCDEP) on Jan. 8 released its recommendations for the Diablo Canyon nuclear power plant and surrounding lands after the plant ceases operations in 2025. The panel—created to foster open and transparent dialogue between members of the local community and the plant’s owner Pacific Gas and Electric Co. (PG&E)—suggested a […]
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Press Releases
PG&E Proposes Critical Investments to Enhance Wildfire Safety and Help Reduce Wildfire Risk
Additional Diablo Canyon Power Plant Proposal Affirms PG&E’s Commitment to Meet California’s Renewable and Clean Energy Goals SAN FRANCISCO–(BUSINESS WIRE)–Reflecting the company’s commitment to address the growing threat of wildfires, PG&E is proposing a series of important additional safety investments as part of its 2020 General Rate Case (GRC) to help further protect the 16 […]
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News
Data Shows Nuclear Plant Decommissioning Costs Falling
A research group that provides information to institutional investors said cost estimates to decommission U.S. nuclear plants fell in 2017 for the first time in a decade. The Callan Institute, headquartered in San Francisco, California, in its report said decommissioning cost estimates dropped by 2.5% last year, to $88.8 billion. Callan’s data shows costs estimates […]
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Legal & Regulatory
California Mandates 100% Renewable Energy
California Gov. Jerry Brown on September 10 signed into law a measure requiring the state to produce all its electricity from renewable sources by 2045. It’s a goal that also has been set by Hawaii and is being discussed by other states. Environmental groups and renewable energy advocates immediately praised Brown’s action. Utilities operating in […]
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Press Releases
esVolta Selected for 75 MW / 300 MWh Hummingbird Energy Storage Project in Northern California
ALISO VIEJO, Calif. — esVolta, a developer and owner of utility-scale energy storage projects across North America, has been selected by Pacific Gas and Electric Company (PG&E) to build an energy storage system in Santa Clara County, California. Under the proposal, which is pending approval by the California Public Utilities Commission (CPUC), esVolta will develop, […]
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Legal & Regulatory
CAISO Backs PG&E Clean Energy Plan for Oakland
The California Independent System Operator (CAISO) has approved a request from Pacific Gas and Electric Company (PG&E) to provide a mixture of energy storage, energy efficiency, and system-wide upgrades to ensure reliable electricity in the Oakland, California, area, after the retirement of an aging Dynegy jet fuel-powered plant. PG&E received CAISO approval for its Oakland […]