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California Energy Markets / This Week
[CEM 1231 / May 10, 2013]
Total San Bruno Penalty Could Reach $2.25 Billion
Pacific Gas & Electric could face a $2.25 billion total penalty related to the deadly San Bruno gas-pipeline explosion under recommendations this week from the CPUC's Safety and Enforcement Division, ratepayer groups and cities. Parties differ, however, on amounts that should flow to pipeline-safety work or to the state's general fund. PG&E has already funded about $1.4 billion in pipeline improvements and urged a balanced approach.
California Asks for More Than $1B to Close Out Old Energy-Crisis Case
The CPUC and the California Attorney General asked FERC to end an energy-crisis case that has dragged on for more than a decade and to order refunds of more than $1 billion, or $1.6 billion including interest. Respondents, which include the Bonneville Power Administration, argue that FERC needs a full evidentiary hearing to determine if any specific sellers committed wrongdoing. Respondents also disputed the use of a market clearing price method to determine refunds.
Four Companies Make Short List for Sonoma CCA
Four companies have been short-listed to provide energy procurement and demand-side services for Sonoma County's planned community-choice aggregation program, Sonoma Clean Power. The firms-Direct Energy, NRG Energy, Constellation Energy Commodities Group and ConEdison Solutions-are competing to procure power on behalf of Sonoma county residents and businesses. Sonoma's solicitation specified the need for a suite of energy services-energy efficiency, demand response, net-energy metering, feed-in tariff and data management.
Marin CCA Takes Steps to Develop Local Renewables
The Marin Energy Authority has approved a plan to direct a portion of the revenues from its community-choice aggregation program, Marin Clean Energy, toward renewable-energy project development. Building CCA-owned renewable-energy facilities is viewed as a means of achieving cost stability, while reducing reliance on power contracts and market purchases. It may also serve to silence some critics who have charged MEA is not doing enough to develop local sources of power, considered a central goal of CCA.
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