Industry: Utilities
News
May 18, 2016
The manager of the state's electric grid expects current power supplies to meet summer needs for keeping the lights and air conditioning running, except in Southern California, where power plants might lack the needed natural gas. . . Without Aliso Canyon, Berberich's agency and state regulators worry that high electric demand could require more natural gas for the power plants than Southern California Gas can supply.
News
April 14, 2016
The story of SunEdison’s swift rise and calamitous fall, pieced together from internal documents, regulatory and court filings and interviews with more than a dozen current and former employees and advisers, shows what can happen when executive overreach meets fizzy markets. Mesmerized by the promise of high yields and fast growth, investors turned a blind eye to operational warning signs that ultimately left the company vulnerable to a rise in interest rates.
News
April 14, 2016
Consumer interests wanted PG&E to nix the contract or negotiate a lower price. According to the Motley Fool investment website, Ivanpah got 20 cents/KWh in the summer of 2015 for the project’s electricity and 13.5 cents the rest of the year. That compares to the average solar system in California booking 5 cents/KWh for new contracts.
News
April 10, 2016
"With the gas storage field kept at about one-fifth of its full capacity, power plants could run short of natural gas to burn for power. State law permits power plants' gas service to be cut off when supplies run short, preserving gas for homes and small businesses. State energy officials have predicted that the L.A. Basin and surrounding counties could face up to 14 days this summer and 32 days in the coming year when utilities might order limited power outages to avoid larger blackouts."
News
March 27, 2016
Announcing government support for clean-energy projects, President Obama hailed a Spanish company, saying its new solar technology would supply tens of thousands of American homes with renewable power, while spurring local employment. . . Saddled with debt from its expansion, the company is scrambling to avoid what would be the largest bankruptcy in Spanish corporate history. . . In Abengoa’s case, its signature American projects still have around $2 billion in outstanding loans guaranteed by the United States government, and the company benefited heavily from subsidies in Spain.
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