Environmental advocates praised the rulemaking as a timely move, considering the wave of California cities adopting natural gas bans. But Jon Switalski, executive director of Californians for Balanced Energy Solutions, which represents gas users, questioned whether regulators have “carefully considered the costs to society” that would come from treating electrification as a silver bullet.
Learn about the competitive challenges and other new developments in the energy and utility industries.
“There’s a lot of emphasis by solar companies on getting that installation but insufficient emphasis on making sure that the system is rigorously operated and maintained,” said Joe Osha, an equity analyst at JMP Securities, a San Francisco investment-banking firm, who wasn’t speaking specifically about Tesla. “These are not install-and-forget assets.”
Sonoma Clean Power’s local purchases could soon total 56 megawatts of energy. But this year Sonoma Clean Power needs about 350 megawatts on an average day, with an occasional peak of up to 570. Local production is far from filling local needs.
The controversy over SolarCity, which has dovetailed with questions about Musk’s mountain of debt and profit shortfalls, offers a window into the mindset of America’s most outlandish CEO.
PG&E bondholders seeking to get a deal on the company’s stock are raising concerns about the CEO’s pay structure, warning Bill Johnson could earn up to $110 million if the company’s share prices return to their 2017 peak.
America’s largest gas utility is trying to thwart efforts to limit the use of natural gas in California beyond usual corporate lobbying efforts, going so far as to establish and fund a consumer group that pushes for “balanced energy solutions”.
IBEW Local 1245, which represents about half of the PG&E workforce, opposes the idea of San Francisco taking over PG&E infrastructure. Tom Dalzell, the union’s business manager, said his group worries about the negative impact a public power expansion could have on employee pensions. “And when you work for PG&E, you also have the ability… [Read More]
Berkeley will ban natural gas piping for stoves or heating in new buildings at the start of 2020, becoming the first city in the state to require new construction to be all-electric.
Over the past six months, PG&E has inspected and repaired hundreds of thousands of miles of power lines, expanded its array of weather stations and fire-watching cameras, begun to step up its tree-trimming program and implemented a more aggressive program to turn off power lines during extreme weather.