Snapshot of Load Changes, California (CAISO) and New York City regions (NYISO NYC): an Addendum

LCG, April 6, 2020 -- Jeremy Platt, Palo Alto has made some additional observations of impact of COVID - 19 on electricity demand using the grid operators data published by LCG. This note extends the results reported on March 27, 2020. The magnitudes of load reduction are very different due to the different sizes of these regions, but the times and scales of sharp reductions of ~ 16% are remarkably similar

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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

British Energy Willi Receive Government Loan

LCG, Sep. 9, 2002--The struggling British Energy will be the recipient of a £410 million ($640 million) loan from the U.K. government, to be repaid with interest by September 27th, according to the Department of Trade and Industry (DTI).

An official who spoke on condition of anonymity said that an extension of the loan had not been expressly ruled out. A deal that had been under discussion between British Energy and British Nuclear Fuels Limited (BNFL) would have lowered British Energy's cost of processing spent nuclear fuel by about $476 million annually. The Treasury, however, blocked the deal at the last minute, under protest by the DTI.

The cost of processing fuel is a delicate issue, as some in the government have considered whether the fuel might be stored instead. Such a change would severely impact BNFL, which is experiencing its own financial difficulties. BNFL lost $3.6 billion last year.
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