PG&E to Seek Bankruptcy Protection Amid Wildfire Liability

PG&E Corporation announced it intends to reorganize under Chapter 11 of the U.S. bankruptcy code as it faces billions of dollars in potential liability resulting from the 2017 and 2018 Northern California wildfires, according to a Jan. 14 press release. The move comes a day after Geisha Williams stepped down as CEO. The company said…

U.S. Energy Department to Invest $88 Million in Oil, Gas Recovery Projects

The U.S. Energy Department announced funding for cost-shared research and development projects aimed to improve technologies used for oil and natural gas recovery, according to a Jan. 10 press release. The Initiative intends to further the technology and innovation that resulted in the shale revolution, which has transformed the U.S. energy landscape. The agency said…

California Begins Process to Determine Wildfire Cost Recovery Amid PG&E’s Troubles

The California Public Utilities Commission on Jan. 10 opened a docket to implement the provisions of Senate Bill 901 enacted last year, allowing utilities to pass some of their costs to ratepayers. The commission said it will adopt a methodology for wildfire cost recovery, but will not adopt any specific financial outcome for future applications….

Power Suppliers Seek Supreme Court Review of State Nuclear Subsidies

The Electric Power Suppliers Association on Jan. 7 filed a petition asking the U.S. Supreme Court to review appellate court rulings that upheld zero-emission credit programs designed to support financially struggling nuclear plants in New York and Illinois. The organization argues that the subsidy programs infringe on the Federal Energy Regulatory Commission’s jurisdiction over wholesale…

Dominion Energy Seeks $114 Million Rate Hike to Fund Environmental Projects

The Virginia Electric and Power Company filed a rate adjustment clause proposing a revenue requirement of $113.6 million to recover the costs of complying with state and federal environmental regulations for the 2019 rate year starting Nov. 1 and ending Oct. 31, 2020, according to a Jan. 10 press release from the Virginia State Corporation…