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September 10, 2024

Company News

PG&E Says It Will File Bankruptcy, as CEO Steps Down
PG&E Corp. and its subsidiary Pacific Gas and Electric will file for federal bankruptcy protection by Jan. 29, the companies announced.
PG&E Credit Woes Spread, Worrying CAISO Members
Concern about Pacific Gas and Electric’s financial meltdown has spread as CAISO addressed worries about the utility’s potential to default on its payments.
CPUC
Judge, Gov., CPUC and Protesters Weigh in on PG&E Mess
The California PUC began implementing wildfire cost recovery provisions, as protesters argued against any effort to bailout PG&E for the deadly wildfires.
PG&E
PG&E Stock Plunges, Credit Downgraded to ‘Junk’ Status
PG&E’s stock price sank lower Monday and Tuesday, dropping by more than 30% due to fears the company could go bankrupt or be broken up by the state.
Transource
Cancel Transource Line, Md. Panel Says
Maryland officials have recommended the state’s Public Service Commission reject Transource Energy’s controversial Independence Energy Connection.
California National Guard
PG&E’s Troubles Mount After Camp Fire
After the deadliest wildfire in California history, PG&E is facing intense scrutiny from lawmakers, regulators and a federal judge.
Texas PUC Briefs: Dec. 22, 2018
The Public Utility Commission of Texas (PUCT) approved a certificate of convenience and necessity for CenterPoint’s proposed 345-kV project near Houston.
FERC Denies Oakland Complaint Against PG&E
FERC denied a complaint by the city of Oakland against PG&E for charging retail instead of wholesale power and transmission rates at the Port of Oakland.
Gulf Power
FERC Approves NextEra’s Gulf Power Acquisition
FERC conditionally approved NextEra Energy’s acquisition of Florida utility Gulf Power as being "consistent with the public interest."
NRG Energy
FERC Clears Cleco to Buy NRG Generation in South
FERC approved Cleco’s $1 billion acquisition of eight NRG Energy generation assets in MISO South along with the plants' wholesale contracts.

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