PG&E to Defer $2B in Capital Investments After Wildfire Reforms Collapse
Source: KTVU Fox 2 |By Tom Vacar and Allie Rasmus
Pacific Gas and Electric Company announced plans on Wednesday to postpone roughly $2 billion in capital investments next year to bolster its finances, aiming to "reinvent" itself and improve its financial outlook. The reduction in capital spending could impact project timelines for connecting new homes, establishing data centers, and implementing clean energy initiatives.
Mark Toney, CEO of The Utility Reform Network, known as TURN, a longtime critic of PG&E, was upset. "The legislature adopted nothing," he said. Toney said things TURN wanted were also ignored to keep the California Wildfire Fund able to cover liabilities caused by electric utility equipment. "We need a plan that makes the $40 billon last and doesn't get depleted," he said. "That didn't happen.” TURN's position is that PG&E should live within the money it has and quit the slow, expensive process burying power lines. "At a cost of $4 million a mile and we're gonna replace those with insulating overhead powerlines, insulated poles, at one-fifth of the cost and it can be done much faster," he said.
Source: KTVU Fox 2 | By Tom Vacar and Allie Rasmus
Mark Toney, CEO of The Utility Reform Network, known as TURN, a longtime critic of PG&E, was upset. "The legislature adopted nothing," he said. Toney said things TURN wanted were also ignored to keep the California Wildfire Fund able to cover liabilities caused by electric utility equipment. "We need a plan that makes the $40 billon last and doesn't get depleted," he said. "That didn't happen.” TURN's position is that PG&E should live within the money it has and quit the slow, expensive process burying power lines. "At a cost of $4 million a mile and we're gonna replace those with insulating overhead powerlines, insulated poles, at one-fifth of the cost and it can be done much faster," he said.
Pacific Gas and Electric Company announced plans on Wednesday to postpone roughly $2 billion in capital investments next year to bolster its finances, aiming to "reinvent" itself and improve its financial outlook. The reduction in capital spending could impact project timelines for connecting new homes, establishing data centers, and implementing clean energy initiatives.
Source: ABC7 News | By Dryden Quigley
The Utility Reform Network, a consumer advocacy group, said it supports the measure. "We need a way to basically penalize the utility executives for starting wildfires. And that's never happened before," said Lee Trotman with The Utility Reform Network. The organization said it supports the bill in its entirety, arguing that it protects ratepayers while prioritizing wildfire survivors through a faster payout process. "There's no way you can compensate someone for the loss of life, right? Their families, etc.. but you make it financially painful. You make sure that the utility executives have skin in the game," Trotman said.
California lawmakers are a step closer to an agreement on who should be held responsible when a utility causes a wildfire, after the Governor, Senate and Assembly leaders reached a compromise reflected in Senate Bill 492. According to the California Public Utilities Commission, utilities have caused roughly half of the state's most destructive wildfires.
Source: California Senate Democratic Caucus | By EIN Presswire
“TURN is very pleased to see SB 327 make it to the governor’s desk. Preventing utilities from using ratepayer money to stop municipalization and protecting the Public Advocates Office’s right to investigate utilities for compliance with the law is more important now than ever before. At a time of skyrocketing utility bills, people deserve to choose a lower cost option like a municipal utility,” said Adria Tinnin, director of Race Equity and Legislative Policy for TURN. “We thank Sen. McNerney for this important legislation and urge Governor Newsom to stand with California families and businesses and sign SB 327 into law.”
The California Legislature today approved Sen. Jerry McNerney’s SB 327, which would protect ratepayers by strengthening oversight of investor-owned utilities (IOUs) and barring IOUs from using ratepayer funds to fight local efforts to create municipal utilities.
Source: The Sacramento Bee | By Andrew Graham and Stephen Hobbs
Newsom is not alone in his stance, including from people who are not traditionally aligned with utility companies. Mark Toney, executive director of The Utility Reform Network, an organization that works to protect ratepayers from increased electrical rates, backs the idea of eliminating the ability of insurance companies to recoup money. He sees it as a way to help sustain a state wildfire fund and prevent taxpayers from being asked to keep refilling it.
Gov. Gavin Newsom’s last ditch effort to pressure legislators to change the way the state handles utility-caused wildfires involves an array of measures. But one issue in particular has become a flashpoint in the ongoing negotiations: Whether insurance companies should be able to recoup money from a utility company after a fire.
Source: Capitol Weekly | By Guest Opinion by Matt Freedman (TURN)
My organization TURN, which represents the interests of residential customers of the utilities, partnered with a diverse coalition to support a community solar program that could help achieve our broad clean energy targets. Due to increasing delays in connecting generation to the state’s high-voltage transmission network and rigid opposition by the Trump administration to placing renewable energy projects on federal land, California needs to deploy community solar and storage projects, which connect to the lower-voltage distribution system and don’t need any approvals from the federal government.
California’s environmental leadership is at risk. Despite the growing demand for clean and cost-effective energy, the state lacks a viable community solar and storage program that allows customers to participate in the development of shared clean generation facilities.
Source: CBS News | By Steve Large
Mark Toney, executive director of The Utility Reform Network, said lawmakers need to move quickly. "We are in a race with time," Toney said. "We need to cut out third parties, insurance companies. We need to limit attorneys' fees.”
California lawmakers and Gov. Gavin Newsom are racing to reach a deal on changes to the state's wildfire liability system, with just days remaining before the legislative session ends. The proposed reforms could affect how wildfire victims are compensated and how much utilities such as PG&E are responsible for paying after fires linked to their equipment.
Source: The Frisc | By Adam Brinklow
There is room for nuance, however, as the Oakland-based environmental group The Utility Reform Network acknowledges. TURN is backing several state bills to regulate data center expansion, including extra company taxes to help reinforce the public electric grid. TURN spokesperson Lee Trotman says sites already in SF aren’t on their radar: “We don’t have much to say about them other than they use less energy and water than AI data centers.”
Last month Sup. Connie Chan, who’s running for Nancy Pelosi’s congressional seat, released a campaign ad excoriating San Francisco’s AI boom. “AI data centers are driving up our utility costs, displacing our community, and jeopardizing our environment,” she said, standing in front of a public library. Chan’s not the only one raging against the machines. If elected, she’ll support a moratorium on new AI data centers penned by Congresswoman Alexandria Ocasio-Cortez (D-NY).
Source: FOX 2 KTVU | By Tom Vacar
"The decision that the CPUC is about to make, PG&E could raise your monthly bill $50 or more a month," said Mark Toney, the executive director of The Utility Reform Network (TURN). Over the lifetime of the decision — up to 20 years — TURN calculates that each customer's portion could be around $18,000.
The California Public Utilities Commission (CPUC) plans to unveil a proposed decision concerning PG&E's requested rate hikes. The utility company says the increases are crucial as it aims to bury 10,000 miles of power lines as a preventative measure against wildfires in high-risk regions. This increase is substantial.
Source: SF Gate | By Anabel Sosa
Mark Toney, the executive director of the Utility Reform Network, a nonprofit legal advocacy network, told SFGATE in an email that there are still questions about the specifics of Becerra’s plan but that it is “encouraging” to see the candidate’s commitment to bringing down the price of electricity. “While we are unsure how much ratepayers might benefit from two free hours of electricity, we are eager to learn more about the proposal,” Toney said.
During midday in California, the state’s solar grid produces so much energy that, sometimes, it can’t even use it all. It’s a good problem to have, and one that the leading Democratic candidate governor thinks could be a boon to low-income households. At a recent summit hosted by Politico, Xavier Becerra said he wants to offer free electricity from 1 p.m. to 3 p.m. for those who qualify, possibly saving them upward of $1,000 annually.
Source: Communications Daily | By Philip Athey
Alexandra Green, a telecom and regulatory attorney for The Utility Reform Network, told us her organization also favored the Ormond proposal and was disappointed that the CPUC didn't require enough consumer protections in the merger agreement.
The California Public Utilities Commission (CPUC) unanimously approved the $34.5 billion Charter/Cox merger with some conditions in a Thursday vote, clearing the way for the resulting company to become the largest ISP and cable provider in the nation. The merger was previously approved by the FCC and DOJ, as well as regulators in New York and Connecticut. California was the final regulatory hurdle.