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California Energy Markets / This Week
[CEM 1466 / December 8, 2017]
Southern California Wildfires Spark Transmission Emergency
The California Independent System Operator declared a transmission emergency after electric transmission lines were impacted by a massive wildfire in Ventura County, the largest of a new spate of wildfires this month in a densely populated region that is on edge due to dangerously dry conditions and fierce Santa Ana winds. Shares of Edison parent Edison International tumbled over concerns the utility’s shareholders may end up responsible for fire-recovery costs.
PG&E Identifies Wildfire, Pipeline Rupture as Risks in RAMP Filing
Pacific Gas & Electric has identified 22 key risks, including wildfire, pipeline rupture, cyberattack and climate change, in its 2017 Risk Assessment and Mitigation Phase report to the California Public Utilities Commission. The utility has proposed a series of mitigation measures costing more than $3 billion to address these risks. It also presented the commission with a review of its internal safety culture, concluding that it had made “moderate progress.”
NCPA to Provide Energy Services to East Bay Community Energy
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East Bay Community Energy has selected the Northern California Power Agency to provide wholesale energy services for its community choice aggregation program, slated to launch in June. In addition to securing service providers, EBCE is laying the groundwork to procure one or more renewable-energy projects in 2018. A key consideration is cost, as EBCE is striving to launch its service with rates that are competitive with those of incumbent utility Pacific Gas & Electric.
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