Pacific Gas and Electric (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.
PG&E reported additional problems with its transmission lines prior to the Camp Fire and asked state regulators to approve a more than $1 billion rate hike.
The California Public Utilities Commission voted to examine its rules allowing utilities to de-energize power lines in cases of wildfire conditions.
The California PUC will open a new phase of investigation into PG&E’s practices as the utility faces allegations that its equipment ignited the Camp Fire.
California’s deadliest and most destructive wildfire has set off a new round of turmoil for Pacific Gas and Electric.
PG&E is already falling under suspicion for starting the Camp Fire after one of the utility’s transmission lines was reported downed at the time and location of the fire’s ignition.
PG&E described its wildfire prevention efforts in a third-quarter earnings call, in which it also reported net income of $564 million ($1.09/share).
California’s big utilities shut down power proactively or warned customers they might need to because of windy conditions that could lead to wildfires.
Pacific Gas and Electric pre-emptively shut down power to thousands of its customers amid high winds to reduce the risk of wildfires.
California SB 901 may not be an adequate solution to the bigger wildfires that appear to be the state’s new normal, some skeptics contend.
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