PG&E Seeks $1.2 Billion Revenue Hike to Support Wildfire Safety Enhancements

Pacific Gas and Electric Company requested a 16 percent rate of return on equity for 2020, up from the current 10.25 percent, to attract the new investment needed to upgrade and modernize its infrastructure in the face of wildfire risks, according to the company’s cost of capital proposal filed with the California Public Utilities Commission…

New York Kicks Off Storage Incentive Program, Allocating $280 Million Worth of Funding

The New York State Energy Research and Development Agency on April 25 announced a funding opportunity for two categories of projects as part of the state’s $400 million investment to attain the ambitious goal of deploying 3 gigawatts of storage by 2030. The state is making available $150 million for bulk storage projects comprising installations…

Texas-Based 7X Energy Secures Contract for 690-Megawatt Solar Project, Largest in State

Solar developer 7X Energy signed a final power-purchase agreement for its 690-megawatt Taygete project in Pecos County, Texas, opening the doors for the state’s largest solar farm, according to an April 23 press release. The $650 million facility will be constructed in two stages, with the first phase anticipated to begin in the third quarter…