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February 16, 2026

California

CAISO Advances Systemwide Market Power Plan
CAISO is moving ahead with a plan to stem systemwide market power, even though not everyone is convinced the effort is necessary.
Calif. PUC Orders Investigation of Power Shutoffs
The California PUC opened an investigation into the power shutoffs that left millions in the dark several to prevent utility-sparked wildfires.
Fight Escalates over PG&E Settlement with Insurers
Wildfire victims and California Gov. Gavin Newsom challenged PG&E’s proposed $11 billion settlement with insurance companies that are seeking reimbursement.
California PUC Votes to Keep Old Gas Plants Operating
The California PUC voted unanimously to recommend that some older gas-fired plants remain open for up to three years to prevent reliability problems.
Pressure Grows for Public Takeover of PG&E
More elected officials are calling for a public takeover or restructuring of PG&E after it blacked out millions of Californians to prevent deadly wildfires.
California Could Restructure PG&E, Governor Says
California Gov. Gavin Newsom has summoned PG&E and its creditors, including victims, to try to broker a deal to pull the utility out of bankruptcy.
PG&E Bankruptcy Judge Appoints Mediator
The federal judge overseeing Pacific Gas and Electric’s bankruptcy named a mediator to help the utility and its bondholders negotiate a reorganization plan.
PG&E Stock Plummets amid Wildfires, Shutoffs
PG&E’s stock price fell to a record low as a huge wildfire its equipment is suspected of starting last week continued burning mostly uncontrolled.
Tx Summit Explores California’s Link to Rest of West
The often tense relationship between California and other Western states occupied much of this year’s Transmission Summit West.
ACORE Forum Frets Reliability as Carbon Pledges Grow
Promoters of renewable energy worry about reliability as fossil-fuel plants retire and renewable resources are slow to take over, ACORE attendees heard.

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