Western Energy News

California’s largest utility to file for bankruptcy

UTILITIES: Facing a growing wildfire-fueled financial crisis, PG&E will file for bankruptcy in California by the end of January, according to a company filing with the Securities Exchange Commission. (Bloomberg)

ALSO: Nevada’s largest utility is losing its grip over the state as the result of the departure of several large customers, a new report shows. (Nevada Independent)

***SPONSORED LINK: Law Seminars International’s annual “Buying and Selling Electric Power in the West” Conference, January 24-25 in Seattle, features former FERC Commissioner Phil Moeller, BPA Administrator Elliot Mainzer, state commissioners and leading energy experts. Register Today!***

SOLAR: A Colorado wholesale power provider plans to develop a 100 MW solar plant, which will double the amount of solar energy it currently produces. (Denver Post)

COAL:
• New Mexico regulators order regulatory proceedings to begin immediately for the shutdown of a coal-fired power plant in the northwestern part of the state. (Albuquerque Journal)
• A bankrupt Colorado coal company plans to sue the Canadian government over its plan to phase out coal in Alberta by 2030. (CBC)

STORAGE: A Colorado Army base unveils “Big Bess,” an 8.5 MW battery expected to save the installation millions of dollars a year in energy costs. (Colorado Springs Gazette)

NUCLEAR: Officials with the U.S. Department of Energy have agreed to take nuclear power produced from small-modular nuclear reactors under development in Idaho. (Deseret News)

OIL & GAS:
• The Colorado Supreme Court is expected to rule today whether state regulators have to consider impact on human health and the environment before issuing drilling permits. (Denver Post)
• Plans to build a 230 mile pipeline and liquefied natural gas facility continue to divide communities along the Oregon Coast, where a series of public hearings have recently been held on one of the project’s permit applications. (Eugene Register-Guard)
• The Wyoming commission that regulates the oil and gas industry is struggling to keep up with a flood of drilling applications amid some high-profile departures from the panel. (Casper Star Tribune)
• Alaska regulators have ordered BP to review all of its oil wells near Prudhoe Bay following a leak there last month. (Alaska’s Energy Desk)

POLITICS: Clean energy advocates expect New Mexico to adopt a renewable energy standard of 50 percent by 2030 this legislative session. (New Mexico In Depth)

COMMENTARY:
• As the California wildfires prove, we can’t afford to wait to invest in modernizing our energy infrastructure, says the founder of a clean energy company. (The Hill)
• It’s time to bring a permanent end to the plan to permanently store nuclear waste at Yucca Mountain, says the leader of a Nevada task force. (Las Vegas Sun)

Comments are closed.