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California Energy Markets / This Week
[CEM 1526 / February 15, 2019]
Utilities Focus on Credit Ratings in Comments to CPUC on SB 901 Threshold
Pacific Gas & Electric asked state regulators to move quickly to fashion a “customer-harm threshold”—a calculation of the maximum amount the utility can pay for wildfire costs without harming ratepayers or affecting electric service—so it can regain an investment-grade credit rating. In comments filed to the California Public Utilities Commission on Feb. 11, the utility encouraged quick action to send a positive signal to ratings agencies.
Coalition Issues Road Map for Decarbonizing California Buildings
California took another step toward decarbonization of its buildings with a policy road map issued on Feb. 12 by a coalition of energy providers, local governments and others. The plan includes a zero-emissions building code for new construction, replacing fossil-fuel-powered heaters in existing buildings with electric, and preparing the market for scalable building-decarbonization measures.
Lawmakers Press FERC on Rule for Aggregated Distributed Energy Resources
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Democratic members of the U.S. Congress asked the Federal Energy Regulatory Commission to quickly move forward with developing a rule for participation of aggregated distributed energy resources in wholesale electricity markets, building upon a concept outlined in FERC Order No. 841. Meanwhile, comments to FERC on the California Independent System Operator’s Order 841 compliance filings raised concerns over treatment of behind-the-meter resources.
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