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.
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 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 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.