wildfires

The Biden administration has finalized a $15 billion loan guarantee to California utility Pacific Gas & Electric (PG&E), in the biggest outlay to a single group in the history of the Dept. of Energy’s (DOE) Loan Programs Office (LPO). The Jan. 17 announcement comes one day after the outgoing administration said it would provide nearly […]

The danger of wildfires has risen dramatically over the past two decades as more extreme temperatures and more volatile weather patterns have increased the frequency and intensity of fires. The most prominent examples of this have been in the western U.S. and Canada, but wildfire risks are rising in every geographic area of North America. […]

Wildfires have had a devastating impact on California and on the state’s largest utility company, Pacific Gas and Electric (PG&E). PG&E’s equipment has been linked to several major wildfires in the past including the 2018 Camp Fire (the deadliest wildfire in California history, killing 85 people, according to CAL FIRE, the state agency responsible for, […]

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 […]

Owners and operators of thermal and renewable energy infrastructure are navigating new and emerging risks due to digitization of the grid, an uncertain regulatory landscape, and changing environmental and weather patterns. These factors and others are forcing risk management stakeholders to increase preparation and resilience of their organizations. As digital transformation accelerates in the power […]

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 California Energy Commission (CEC) has approved licenses for gas-fired power units to help the state cope with continued electricity shortages. The move comes after Gov. Gavin Newsom earlier declared a state of emergency for California’s power grid. The state’s Dept. of Water Resources is procuring what it called five temporary gas-fueled generators, each with […]

Pacific Gas & Electric (PG&E) said it could cut off power for nearly one million people across Northern California beginning Oct. 25, due to significant wildfire danger in its territory. Southern California Edison (SCE) also has warned of potential blackouts in its region due to forecasts of high winds. The utility last week was found […]