Impacts of COVID-19 Virus on Electricity Demand

LCG, March 27, 2020 -- Jeremy Platt, an energy scientist, Palo Alto has made some early analysis of impact of COVID -19 on electricity demand using the grid operators data published by LCG. Data from several areas of the country offer early and near real-time views of impacts of the economic slowdown due to evolving regional and statewide coronavirus mitigation strategies.

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California PUC Targets Doubling Renewable Energy by 2030

LCG, March 27, 2020--The California Public Utilities Commission (CPUC) yesterday unanimously approved a new emissions target for its electric sector that would double California's clean energy capacity through 2030 and effectively block new natural gas-fired electric generating facilities.

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Industry News

Rate Cap Would Kill Us, Puget Sound Energy Says

LCG, Jan. 30, 2001--Puget Sound Energy, the utility subsidiary of Puget Energy Inc. of Washington State, said yesterday that a proposal by state regulators to cap electric rates for some large industrial customers would jeopardize its ability to pay for power and natural gas for all of its customers.

Richard L. Hawley, the utility's chief financial officer, yesterday told a hearing of the Washington Utilities and Transportation Commission "This (proposed) rate cap puts in jeopardy PSE's ability to meet its financial obligations and, consequently, its public service obligation to customers."

Hawley called the proposed rate cap a "subsidy to industrial customers" and said it, added to a tightening of credit resulting from the problems of California utilities, "would result in PSE simply not having access to the money it needs to continue to provide services."

Hawley pointed out that "California has been a textbook example of what happens when a utility's financial health is ruined.Service to customers is threatened because loss of utility credit ratings makes it impossible to findmoney to pay for the energy required to keep the lights on and homes warm."

Puget Sound Energy said it had offered the commission an alternative proposal that would let its big industrial customers individually negotiate with power suppliers over the price of their electricity and the length of a supply contract. The utility would facilitate the agreement and deliver the power.

"This is the solution that should be acted upon," Hawley told the regulators.

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