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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

FERC Money-Pool Conference Planned

LCG, Sep. 9, 2002--In keeping with a plan by the Federal Energy Regulatory Commission to set tighter controls on the cash flow between regulated and unregulated affiliates, the agency will hold a conference in two weeks with utility and other company input.

Some utilities are wary of such rules, as requiring an affiliate that borrows from a "money pool" managed by one part of a larger corporate entity to be rated investment-grade by a rating agency would not be immediately possible in many cases. Many affiliates currently do not receive any rating, as they do not raise their own financing. The Securities and Exchange Commission receives reports on a quarterly basis that detail transactions within a money pool, including the terms of any loans.

According to a pipeline industry group, a rating would require payments to a rating agency of at least $100,000 for the audit costs.
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