utilities News

Traditional Ways of Paying for Fires and Floods Aren’t Cutting It

Fires and floods are sending some of the nation’s largest utilities to the bond market to cover huge, unexpected bills. California’s PG&E Corp., which was forced into bankruptcy a year ago after its equipment sparked the deadliest wildfire in state …

PG&E Vows to Reduce Scope of Deliberate Blackouts to Stop Fires

PG&E Corp. said it aims to shrink the breadth and duration of intentional blackouts during California’s wildfire season as part of a $2.6 billion plan aimed at improving safety. The bankrupt utility giant wants to reduce the average geographic reach …

The U.S. May Soon Have the World’s Oldest Nuclear Power Plants

Bonnie Rippingille looked out at the wisps of steam curling from the Turkey Point Nuclear Power Plant across Biscayne Bay with a sense of dread. In December federal regulators approved Florida Power & Light Co.’s request to let the facility’s …

Rich Californians Shell Out $30,000 to Avoid Blackout Pain

Ebony Lopez’s electric company in Napa wine country used to get a handful of inquiries a week from people asking about generators. After PG&E Corp. shut power to millions of Californians last month, it’s more like 10 to 15 calls …

California Utilities Warn of Power Cuts on Risk of Wildfire

Almost two weeks after California utilities cut electricity to 2.3 million people, two major power providers warned they may have to halt supplies to thousands across California as strong, dry winds raise the wildfire threat across the state. No major …

Moody’s Says Wildfire Catastrophe Losses the New Normal in Calif.

California had long been a good bet for homeowners’ insurers, with most carriers having no problem recouping paid losses through premiums. But in 2017 and 2018, the state experienced six of the 10 most destructive wildfires in its history and …

Enbridge Texas Eastern Gas Pipe Remains Shut After Kentucky Blast

Canadian energy company Enbridge Inc said the section of its Texas Eastern pipe that killed one person when it exploded on Thursday remained shut while the company works with federal and state officials to investigate the incident. The blast near …

Heat Wave Broils Eastern, Central U.S., Utilities Poised for Demand

NEW YORK — A massive heat wave that has enveloped the U.S. Midwest pushed into the Northeast on Friday, ushering in temperatures that could top 100 degrees Fahrenheit in Washington, D.C., and leading utilities to take steps to prevent power …

California Cities Ask Newsom to Remove Hurdles for PG&E Assets

A new California law, a win for Governor Gavin Newsom, is intended to help utilities cover wildfire liabilities. But it’s also impeding the efforts of cities such as San Francisco that are seeking power independence. Now, they’re pressing Newsom to …

PG&E, Edison May Not Get California Help on Fires by July 12

California’s biggest utilities — PG&E Corp., Edison International and Sempra Energy — may not get the help they need to deal with multi-billion dollar wildfire liabilities before lawmakers adjourn July 12 for recess. Governor Gavin Newsom signaled that pending legislation …