Democratic Governor Tim Walz announced a proposal that would require the state’s utilities to source all of their electricity from carbon-free resources by 2050, allowing them to set their own pace to meet the goal, according to a March 4 press release from the Minnesota Department of Commerce. Under the plan, titled “One Minnesota Path…Details
Pacific Gas & Electric is including an $11.5 billion pre-tax charge related to third-party claims in connection with devastating wildfires that hit the state in the last two years, according to financial data released on Feb. 28. The battered utility admits that based on information currently available, it is “probable” that its equipment will ultimately be determined to have…Details
The Federal Energy Regulatory Commission on Feb. 26 issued a final rule amending its regulations governing public utility mergers and consolidations. The rule requires transactions with a value above $10 million to be first authorized by the commission before consummation. For transactions valued below that threshold but above $1 million, utilities do not have to…Details
The Public Service Company of Oklahoma reached a proposed settlement seeking a revenue increase of $46 million, down from the originally requested $88 million, according to a Feb. 27 press release by the Oklahoma Corporation Commission. The settlement would raise monthly residential electric bills by about $2.38 compared to an increase of $7 that would…...