California Independent System Operator (CAISO)
The California PUC greenlit a major expansion of the state's EV charging program and approved contracts signed by investor-owned utilities to procure 1.2 GW of battery storage.
Observers cited dependence on imports, underperformance of natural gas and wind, and market manipulation as possible causes of California’s recent blackouts.
CAISO presented its final proposal of its effort to make it easier for energy storage and distributed energy resources to participate in markets.
CAISO and the California PUC and Energy Commission explained to Gov. Gavin Newsom why the state had two days of rolling blackouts recently.
PGE (NYSE: POR) said it suffered $127M in losses from wholesale electricity trades due to recent volatility in California's energy market.
A grueling heat wave that caused rolling blackouts and sparked wildfires across California is expected to abate somewhat starting Thursday.
CAISO said millions of residents could be blacked out this week because it does not have enough power to meet demand during the heat wave.
CAISO declared a Stage 3 emergency, ordering rolling blackouts across the service territories of the state's three big investor-owned utilities.
The pandemic is having little impact on BPA's financial health, with FY 2020 net income projected to exceed a worst-case scenario.
CAISO named the head of BPA as its new chief Thursday, a move that could help further the expansion of the Western EIM and increase its regional influence.
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