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PG&E is seeking a 23% electric rate increase in 2023-26 on top of the 19% it received this year, eliciting protests from customers and ratepayer advocates.
Sellers of spot electricity deliveries that exceed the Western price cap will now have more time to submit the FERC filing required to justify higher prices.
FERC upheld its finding that CAISO’s temporary wheel-through restrictions do not violate open-access principles and approved a two-year extension of them.
FERC rebuffed a request by PG&E for a 13% return on equity based on its financial risks from wildfires and the state's aggressive decarbonization efforts.
The state Energy Commission adopted a key report and opened a proceeding aimed at decarbonizing the natural gas sector, including with heat pumps and hydrogen.
The latest forecast from the state Department of Water Resources warns Californians to prepare for a third consecutive year of drought because of low snowpack.