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Cooler Weather Forecast, Persistently Softer LNG Volumes Send Natural Gas Futures Prices Tumbling

Cooler Weather Forecast, Persistently Softer LNG Volumes Send Natural Gas Futures Prices Tumbling

After another run toward $4.200/MMBtu last week, natural gas futures took a nosedive on Monday as long-range weather forecasts continued to cool while liquefied natural gas (LNG) demand remained well off recent highs. The September Nymex gas futures contract settled at $4.060, off 8.0 cents from Friday’s close. October dropped 7.9 cents to $4.075. Spot…

August 9, 2021
PG&E Fined $106M for 2019 Power Shutoff Events

PG&E Fined $106M for 2019 Power Shutoff Events

California regulators have fined Pacific Gas and Electric Co. (PG&E) $106 million for allegedly violating guidelines in 2019 for executing planned power outages to lower wildfire risks.  The fine by an administrative law judge (ALJ) is part of an ongoing effort by the California Public Utilities Commission (CPUC) to hold the state’s major investor-owned utilities…

June 2, 2021
California Pins 2020 Zogg Wildfire on PG&E Lines

California Pins 2020 Zogg Wildfire on PG&E Lines

The Zogg Fire in Northern California last summer, which killed four people and destroyed more than 200 buildings, was caused by Pacific Gas and Electric Co. (PG&E) distribution lines hit by falling tree branches, state officials said. The wildfire in parts of Shasta and Tehama counties prompted the California Department of Forestry and Fire Protection…

March 30, 2021
Post-Bankruptcy, PG&E Seeking to Reinvent, Shed Debt

Post-Bankruptcy, PG&E Seeking to Reinvent, Shed Debt

PG&E Corp. and Pacific Gas and Electric Co. executives during the second quarter earnings call, the first in 18 months, illustrated the heavy lifting ahead to reduce debt, withstand another wildfire season and complete a reorganization in the aftermath of Chapter 11 bankruptcy. Interim CEO Bill Smith during the quarterly call touched on wildfire mitigation…

August 4, 2020
PG&E, Tesla Begin Work on Landmark Battery Storage Project in Northern California

PG&E, Tesla Begin Work on Landmark Battery Storage Project in Northern California

Tesla Inc. and Pacific Gas and Electric Co. (PG&E) have begun construction of a 182.5 MW lithium-ion battery energy storage system (BESS) at the combination utility’s Moss Landing substation in Monterey County, CA. The megapack system is considered a landmark in developing and deploying utility-scale batteries. In late 2018 California regulators approved plans for Moss…

July 30, 2020
PG&E Equipment Caused 2019 Wildfire, Says California Investigation

PG&E Equipment Caused 2019 Wildfire, Says California Investigation

A Pacific Gas and Electric Co. (PG&E) transmission line in the Northern California wine country caused the 77,000-acre Kincade Fire last year, according to an investigation by the California Department of Forestry and Fire Protection. The Kincade blaze was caused by PG&E’s electrical transmission lines northeast of Geyserville in Sonoma County, according to the investigation. …

July 17, 2020
PG&E Throws Support Behind California Natural Gas Ban Movement

PG&E Throws Support Behind California Natural Gas Ban Movement

Following a movement to ban natural gas in new buildings that began in California and is spreading nationwide, San Francisco-based Pacific Gas and Electric Co. (PG&E) said it is in support, if it can be done in a cost effective way to reduce greenhouse gas (GHG) emissions. The California Energy Commission (CEC), which previously ratified…

July 6, 2020
PG&E Reorganization Approved to Exit Bankruptcy

PG&E Reorganization Approved to Exit Bankruptcy

With approval of its $58 billion reorganization plan, Pacific Gas and Electric Co. (PG&E) and its parent company said they will exit Chapter 11 bankruptcy as a “re-imagined” enterprise. Driven to bankruptcy by devastating wildfires in 2017 and 2018, PG&E now is eligible to tap into a $21 billion state wildfire fund authorized under last…

June 22, 2020
California OKs Microgrid Program for Planned Wildfire-Related Power Outages

California OKs Microgrid Program for Planned Wildfire-Related Power Outages

California regulators last Thursday approved a multi-billion-dollar microgrid program accelerating short-term actions to lessen the impact of planned wildfire preventive grid shutdowns by the state’s major investor-owned utilities (IOUs).

June 15, 2020
PG&E Defends Wildfire Preparedness in California Review

PG&E Defends Wildfire Preparedness in California Review

Pacific Gas and Electric Co. (PG&E) officials on Monday defended their enhanced preparedness for lowering the risks of wildfires this year after being criticized at a hearing of the California Senate’s Energy, Utilities and Communications Committee.

June 10, 2020
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