At least 124,000 customers out of 414,000 lost power on Saturday.
Category: Pacific Gas and Electric Co
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PG&E Secures $15 Billion Loan From U.S. Energy Department
The loan, the biggest-ever commitment from the Loan Programs Office, is intended to fund the California utility’s grid and climate resiliency projects.
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PG&E Seeks Approval to Sell Stake in Its Power Operations
California’s largest utility said its proposed deal with the global investment firm KKR could reduce customer rates by $100 million over 20 years.
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Utility-Caused Wildfires Are Becoming a National Problem
Climate change is raising the risk of blazes that are started by power lines and other utility equipment in many parts of the U.S. besides California.
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California Has Dealt a Blow to Renewable Energy, Some Businesses Say
Some companies are leaving the state or reducing their presence there after California greatly reduced incentives for homeowners to install rooftop solar panels.
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Hawaiian Electric Draws Scrutiny in Search for What Sparked Maui Wildfire
The main utility serving Hawaii did not pre-emptively shut off power before high winds reached Maui, and power lines fell in the windstorm.
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Why Are Energy Prices So High? Some Experts Blame Deregulation.
The New York Times – Business:California and the 34 other states that have deregulated all or parts of their electricity system tend to have higher rates than the rest of the country.
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California Reduces Subsidies for Homes With Rooftop Solar
The New York Times – Business:The decision, which would reduce the incentive for homeowners to install solar panels, could influence other states to make similar changes.
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US Approves Aid to Extend Life of California Nuclear Plant
The New York Times – Business:The Energy Department’s grant of $1.1 billion is the latest step that could keep the reactor in operation beyond its scheduled shutdown in 2025.