electrification
While their net-zero emission targets might not kick in until the 2030s, the power industry already is dealing with the issues they create, panelists said at the Electric Power Supply Association’s Competitive Power Summit.
California’s “leadership in electrification” will be a key driver of Pacific Gas and Electric’s expected customer growth over the next five years, CEO Patti Poppe said during an earnings call.
Slower anticipated growth in California’s population has prompted state regulators to downwardly revise the electricity demand forecast used for grid planning.
Transmission upgrades that are needed to avoid overloads in a fully electrified New England by 2050 could cumulatively cost between $22 billion and $26 billion, ISO-NE told its Planning Advisory Committee.
ACEEE released a report highlighting strategies for avoiding higher overall energy bills from electrification, which is a concern for states with high average power prices.
Markets, not subsidies, should dictate the pace and path of electrification, says regulatory economist Kenneth W. Costello.
A USEA media briefing addressed the “crisis ahead for electric utilities" as policymakers seek to decarbonize the grid while electrifying the economy.
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.
Gov. Gavin Newsom continued reconfiguring the state's energy leadership with changes at the California Energy Commission and in his office.
A two-day summit on soaring utility rates looked at covering wildfire prevention and clean-energy costs with funding from sources other than ratepayers.
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