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California Energy Markets / This Week
[CEM 1493 / June 22, 2018]
Regionalization Bill Clears Senate Energy Committee Hurdle
A bill to transform the California Independent System Operator passed the Senate Energy, Utilities and Communications Committee, but plenty of opposition remains. AB 813 would task the California Energy Commission with reviewing and verifying the yet-to-be-determined governance structure of a new Westwide regional transmission organization. The bill cleared the committee with the bare minimum of votes for approval; two senators supported it only on condition that concerns would be addressed.
PG&E to Take $2.5 Billion Charge Over Wildfires
PG&E Corp. announced it intends to record a second-quarter pre-tax charge of $2.5 billion connected to the Northern California wildfires. On a conference call with analysts, executives blamed the state’s policy of inverse condemnation for the move, and said the figure is on the lower end of the range of estimated losses. .
CPUC Calls for Boosting Aliso Inventory, Seeks Pipeline Outage Details
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To deal with reliability impacts from several lingering pipeline outages on Southern California Gas Co.’s system, the California Public Utilities Commission on June 18 recommended a 38 percent increase in the natural gas storage volume at the utility’s Aliso Canyon underground natural gas storage facility, and asked the utility for detailed information about the outages.
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