DIRS.INFO The most relevant business & tech news

☆ PG&E Seeks Approval to Sell Stake in Its Power Operations
▼ + stars: | 2024-04-30 | by ( Ivan Penn | More About Ivan Penn | ) www.nytimes.com time to read: +1 min

Pacific Gas & Electric announced plans on Tuesday to sell a minority stake in its power-generation business, part of its strategy to reduce electricity rates, continue wildfire prevention and further develop clean energy. The exclusive deal with the global investment firm KKR is part of PG&E’s plan to transfer its nonnuclear power generation to a newly formed subsidiary, Pacific Generation. The proposals for the subsidiary and the KKR stake require approval by the California Public Utilities Commission and the Federal Energy Regulatory Commission. KKR, which manages $59 billion in assets, operates a global infrastructure business with expertise in the utility and renewable energy industry. PG&E said in a statement that the investment firm’s access to capital gave it the ability to take a long-term approach in its strategies.

Persons: ” Carolyn Burke Organizations: Gas & Electric, KKR, Pacific, California Public Utilities Commission, Federal Energy Regulatory Commission

☆ Robotaxi regulators say Tesla hasn’t contacted them about plans teased by Musk
▼ + stars: | 2024-04-11 | by ( David Ingram | ) www.cnbc.com time to read: +7 min

Musk hinted at his plans in a brief post late Friday afternoon on X, writing: "Tesla Robotaxi unveil on 8/8." Musk has talked about a robotaxi service for years. In 2019, he discussed plans to launch a robotaxi fleet using Tesla vehicles that people had leased and then returned. Musk has also talked about a robotaxi service with decentralized ownership, in which Tesla owners could rent out their cars for fares. Amazon subsidiary Zoox has said it has authorization from Nevada to operate a robotaxi service, which hasn't launched.

Persons: robotaxis, Tesla, Elon Musk, Brad Templeton, Templeton, Cruise, Musk, Zoox, hasn't, Eli Rohl Organizations: The California Department of Motor Vehicles, California Public Utilities Commission, NBC, DMV, Google, General Motors, Phoenix, Toyota, Car Dealers Association, Reuters, Cruise, Transportation Department, Nevada DMV, The, The Nevada DMV, California DMV Locations: California, San Francisco, Los Angeles, leaseholders, Arizona, Nevada, The Nevada

General Motors' Cruise self-driving vehicle unit will redeploy cars on U.S. roadways for the first time since October, beginning with a small fleet of human-driven vehicles in Phoenix, the company said Tuesday. Cruise said its "goal is to resume driverless operations," however it did not provide a timeline for doing so. The probe also investigated allegations of a coverup by Cruise leadership, but did not find any evidence to support those claims. Prior to the accident, Cruise was planning an aggressive expansion of robotaxis outside its home market, where the majority of its vehicles operated. In addition to the ceasing of operations, Cruise leadership has been gutted: Its cofounders, including CEO and cofounder Kyle Vogt, resigned and nine other leaders were ousted.

Persons: Cruise, We've, Kyle Vogt Organizations: Motors, GM, Cruise, California DMV, California Public Utilities Commission, Traffic Safety Administration, U.S . Department of Justice, U.S . Securities, Exchange Commission Locations: Phoenix, San Francisco, California

☆ Hollywood's newest star is the Waymo robotaxi
▼ + stars: | 2024-03-04 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Waymo can now operate its Waymo One service in Los Angeles. AdvertisementWaymo is now approved to operate its driverless vehicles in Los Angeles and additional parts of the Bay Area. Los Angeles Mayor Karen Bass expressed concern about Waymo vehicles blocking the roads when emergency vehicles are trying to pass, which has happened several times in San Francisco. Waymo vehicles have been filmed cutting off road access and blocking public transport and emergency vehicles. There are also a few incidents of Waymo vehicles injuring people.

Persons: —, Waymo, Julia Ilina, Los Angeles Mayor Karen Bass, Ilina, Illina, Tilly Chang, Cruise Organizations: Service, California Public Utilities Commission, Los, San, Los Angeles Mayor, Cruise, San Francisco County Transportation Authority, DMV Locations: Los Angeles, Bay, California, San Francisco, San Mateo, San Francisco Peninsula, San Francisco —, San Francisco County

SAN FRANCISCO (AP) — California regulators on Friday authorized Waymo to expand services of its fleet of robotaxis into Los Angeles and to cities on the peninsula south of San Francisco. The California Public Utilities Commission approved Waymo's application for the expansion of its self-driving taxi operations beyond San Francisco starting Friday. The company owned by Google parent Alphabet Inc. has also been operating the service in Phoenix since 2020. The expansion for Waymo comes after California authorities revoked the license of a rival robotaxi service owned by General Motors after determining its driverless cars that had been transporting passengers throughout San Francisco were a dangerous menace. Officials in San Mateo County and Los Angeles had opposed the expansion and want more local say over how robotaxis can operate.

Persons: Waymo Organizations: FRANCISCO, —, The, The California Public Utilities Commission, San Francisco, Google, Inc, General Motors, Cruise Locations: — California, robotaxis, Los Angeles, San Francisco, The California, San, Phoenix, LA, California, San Mateo County

Alphabet's Waymo robotaxi unit won approval from the California Public Utilities Commission to expand service to parts of Los Angeles and the Bay Area, according to a notice posted to the regulator's website on Friday. "Waymo may begin fared driverless passenger service operations in the specified areas of Los Angeles and the San Francisco Peninsula, effective today," the release said. In mid-February, Waymo initiated a voluntary recall filing notice with the National Highway Traffic Safety Administration, saying it would fix software issues. The latest notice applies to the commercial ride-sharing service Waymo One. WATCH: Crowd burns Waymo in San Francisco

Persons: Alphabet's, Waymo, Apple, Elon Musk's Tesla, Cruise robotaxis Organizations: California Public Utilities Commission, San, National, Traffic Safety Administration, California Department of Motor Vehicles, General Motors, Cruise, Palo Locations: Los Angeles, San Francisco Peninsula, Phoenix, California, Palo Alto, San Mateo County, San Francisco

☆ A San Francisco Lyft driver explains how Waymo's self-driving taxis have made driving even more competitive
▼ + stars: | 2024-02-14 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

A San Francisco-based Lyft driver said Waymo's self-driving taxis have made the job more competitive. And it is getting harder every day.”AdvertisementMore drivers, ride challenges, and self-driving taxis make ride-hailing competitiveA self-driving Waymo car in San Francisco. Lyft has a self-driving partnership with the riderless technology company Motional in Las Vegas, which has led to the completion of over 100,000 self-driving Lyft trips. In October, San Francisco banned Cruise from operating in San Francisco after it failed to disclose video footage of a woman being pinned under one of its vehicles. The company told BI it has a couple hundred self-driving taxis in its San Francisco fleet.

Persons: —, Nick Boenzi, San Francisco — Boenzi, Boenzi, He’d, ”, Lyft, Uber, Lyft’s, Cruise, Waymo, he’s, he’ll Organizations: Service, San Francisco International Airport, Getty, BI, who’ve, General Motors, California Public Utilities Commission, San, Lyft Locations: Francisco, San Francisco, Las Vegas, Phoenix, Cruise

General Motors' troubled robotaxi service Cruise on Tuesday endured a public lashing from a California judge who compared the company to the devious TV character Eddie Haskell for its behavior following a ghastly collision that wrecked its ambitious expansion plans. After a vehicle driven by a human struck a San Francisco pedestrian in early October, a Cruise robotaxi named “Panini” dragged the person 20 feet (6 meters) while traveling at roughly seven miles per hour (11 kilometers per hour). He also reminded Mason that Cruise could still face other repercussions beyond California, with both the U.S. Justice Department and U.S. Securities and Exchange Commission probing the robotaxi service's conduct. But Mason indicated that he is leaning toward letting the case continue through the entire hearing process rather than approving a settlement. Tuesday's hearing came less than two weeks after Cruise released a lengthy report reviewing how the company mishandled things after the pedestrian was hurt.

Persons: Motors, Cruise, Eddie Haskell, Haskell, ”, Robert Mason III, Panini ”, Panini, specter, Mason, Jerry Mathers, ” Mason, Craig Glidden, Glidden, ” Cruise, ” Glidden, didn't, Quinn Emanuel Urquhart, Sullivan, Cruise’s, Kyle Vogt Organizations: Administrative, California Public Utilities Commission, General Motors, Cruise, U.S . Justice Department, U.S . Securities, Exchange Commission Locations: California, San Francisco

☆ Premarket stocks: Wall Street is worried about another regional banking crisis
▼ + stars: | 2024-02-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

But while the last crisis was all about interest rate risk, this one revolves around the $20 trillion commercial real estate market. What’s happening: After decades of growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall. The increase was driven partly by expected losses on commercial real estate loans, it said. “As losses from a [commercial real estate] loan portfolio accumulate, they can spill over into the broader financial system,” they wrote. “There’s some smaller and regional banks that have concentrated exposures in these areas that are challenged and we’re working with them,” he said.

Persons: It’s, Goldman Sachs, Anna Cooban, Janet Yellen, Jerome Powell, Gary Gensler, ”, Chip Somodevilla, She’s, Powell, “, ” McDonald’s, McDonald’s, Jordan Valinsky, Samantha Murphy Kelly, “ We’ve Organizations: CNN Business, Bell, New York CNN, New York Community Bancorp, US Regional Bank, Japan’s Aozora Bank, Deutsche Bank, Canadian Public Pension Investment Board, Boston Properties, US Securities and Exchange, Financial, Biden, Senate, CBS, Verizon, Old Telephone Service, landlines, UK, Consumers, CNN, California Public Utilities Commission Locations: New York, Manhattan, Boston, Washington ,, East, United States, California, France, California ”

☆ Still love your landline? Phone service providers are getting closer to phasing it out
▼ + stars: | 2024-02-05 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +5 min

CNN —More people who are still using telephone landlines will soon need to decide if they want to finally hang up on their service. That’s part of a sweeping move by phone service providers to replace older copper wire-based telephone systems lines, also known as Plain Old Telephone Service (POTS), with faster and more advanced technology that doesn’t work with landlines. In the United States, the shift away from copper landlines will most likely impact people over age 65 and small business owners. “Traditional landline telephone service is the most dependable communications tool currently available in rural communities and is vital to reliably accessing 9-1-1,” he said. Because phone service workers will need to be deployed during the removal process, this could extend the completion time.

Persons: CNN —, “ We’ve, “, ”, Lisa Pierce, Patrick Blacklock, ” Pierce, Will McKeon, White, ” McKeon Organizations: CNN, Verizon, Old Telephone Service, landlines, UK, Consumers, California Public Utilities Commission, Gartner, California, Federal Communications Commission, Forrester Research Locations: California, France, California ”, United States, Pennsylvania, Rural County

☆ GM’s Cruise Ordered by California Regulator to Testify About October Incident
▼ + stars: | 2023-12-04 | by ( Meghan Bobrowsky | ) www.wsj.com time to read: 1 min

A California regulator said Cruise omitted critical information about the safety of its vehicles regarding an October incident involving a pedestrian. Photo: John G. Mabanglo/Zuma PressGeneral Motors ’ Cruise has been ordered to testify before the California Public Utilities Commission over allegedly misleading comments it gave to regulators about an incident in October in which a pedestrian was hit. The CPUC said the self-driving car firm omitted critical information about the safety of its vehicles regarding the incident. A woman was hit by a human-driven car and thrown into the path of a driverless Cruise vehicle, which collided with the pedestrian and dragged the person about 20 feet. Cruise could face a fine of up to $1.5 million, the latest blow to the company’s operations in recent months after the company lost its driverless permits in California and CEO Kyle Vogt resigned.

Persons: John G, Mabanglo, Motors ’, CPUC, Kyle Vogt Organizations: Zuma Press, Motors, California Public Utilities Commission Locations: California

The potential penalty facing GM's Cruise service could be around $1.5 million, based on documents filed late last week by the California Public Utilities Commission. Three weeks after Cruise's Oct. 2 accident, the California Department of Motor Vehicles effectively shut down robotaxi service by suspending its license to operate in the state. “Cruise is committed to rebuilding trust with our regulators and will respond in a timely manner" to the Public Utilities Commission, the company said in a Monday statement. The San Francisco-based company has already hired an outside law firm to scrutinize its response to the Oct. 2 accident. The cover-up spanned 15 days, according to the PUC, exposing Cruise and GM to potential fines of $100,000 per day, or $1.5 million.

Persons: specter, Cruise, Kyle Vogt, “ Cruise, Panini, Cruise didn't Organizations: General Motors, California Public Utilities Commission, Public Utilities Commission, California Department of Motor Vehicles, Cruise, GM, PUC Locations: California, San Francisco

The San Francisco skyline is seen behind a self-driving GM Bolt EV during a media event where Cruise, GM's autonomous car unit, showed off its self-driving cars in San Francisco, California, U.S. November 28, 2017. The California Public Utilities Commission (CPUC) on Friday ordered Cruise to appear at a Feb. 6 hearing for "misleading the Commission through omission regarding the extent and seriousness of the accident" and "making misleading public comments regarding its interactions with the commission." Cruise's troubles are also a setback for an industry dependent on public trust and the cooperation of regulators. GM had told investors Cruise and its technology could generate $50 billion a year in revenue by 2030. Reporting by Hyunjoo Jin in San Francisco and David Shepardson in Washington, Additional reporting by Abhirup Roy in San Francisco; Editing by Richard Chang and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Elijah Nouvelage, Cruise, Kyle Vogt, Daniel Kan, Jose Alvarado, Ashlyn Kong, Kong, ”, Tim Piechowski, Waymo, John Reynolds, Gavin Newsom, Mary Barra, Hyunjoo Jin, David Shepardson, Abhirup Roy, Richard Chang, Nick Zieminski Organizations: San, GM Bolt, REUTERS, General Motors, GM, California Public Utilities Commission, CPUC, Cruise, Capital Research, California's Department of Motor Vehicles, Thomson Locations: San Francisco, San Francisco , California, U.S, California, United States, Washington

Barra said at a media event an ongoing outside external safety review will guide the company's path forward and is expected to be completed in early 2024. "We'll work through the challenges we have right now at Cruise," Barra said. She declined to offer an opinion on whether she thought regulators have treated Cruise more harshly than Tesla Autopilot. She also declined to say how much money GM is willing to spend on Cruise going forward until it completes its assessments and has a plan to move ahead. Reporting by Joseph White and David Shepardson; Editing by Leslie Adler and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Mary Barra, Barra, Cruise, Joseph White, David Shepardson, Leslie Adler, Stephen Coates Organizations: General Motors, DETROIT, Detroit, California Public Utilities Commission, Thomson Locations: Cruise, United States, California

☆ PG&E Wins Approval to Bury More Than 1,200 Miles of Power Lines
▼ + stars: | 2023-11-17 | by ( Katherine Blunt | ) www.wsj.com time to read: 1 min

Workers preparing in September to bury electrical wire underground at a high-risk wildfire area in California. Photo: Preston Gannaway for The Wall Street JournalCalifornia regulators on Thursday gave PG&E approval to bury hundreds of miles of power lines to reduce wildfire risk in coming years, but the amount fell short of the company’s full request. The California Public Utilities Commission voted to allow company to bury 1,230 miles of power lines between 2023 and 2026 in a process known as undergrounding. The company, whose power lines have ignited numerous deadly fires in recent years, had requested permission to bury roughly 2,000 miles over that period to essentially eliminate fire risk on those circuits.

Persons: Preston Gannaway Organizations: Wall Street Journal, California Public Utilities Commission Locations: California, Wall Street Journal California

But consumer advocacy groups complained, arguing PG&E could save ratepayers money and still reduce wildfire risk by putting a protective covering over the power lines instead of burying them. Commissioners decided to let PG&E bury 1,230 miles (1,979 kilometers) of power lines, which would be $1.7 billion cheaper than PG&E's proposal. For low-income customers who qualify for discounted rates, PG&E said typical monthly bills will increase by $21.50 next year, followed by a $3 per month increase in 2025 before decreasing by $5.50 per month in 2026. The turning point for PG&E came in 2018 when a windstorm knocked down one of its power lines in the Sierra Nevada foothills that started a wildfire. The company has pledged to bury 10,000 miles (16,093 kilometers) of power lines over the next decade.

Persons: ”, John Reynolds, Patti Poppe, undergrounding powerlines, Gavin Newsom, ratepayers, Darcie Houck, Cheryl Maynard Organizations: Pacific Gas & Electric, California Public Utilities Commission, Reform Network, E, Democratic Gov, & $ Locations: SACRAMENTO, Calif, California, Sierra Nevada

☆ California regulator allows PG&E rate hike for wildfire mitigation
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

The state's biggest utility, PG&E, serves more than 16 million people across 70,000 square miles in Northern and Central California. The APD set the 2023 revenue requirement at $13.52 billion, reflecting an 11% increase from 2022. According to the regulator, customers would see an increase of $32.62 on their bills, compared with PG&E's request of $38.73. One of the main wildfire mitigation efforts PG&E has been undertaking is undergrounding, or burying power lines. This lessens the need for public safety power shutoffs — a last resort during dry, windy conditions to reduce the risk of sparking a wildfire.

Persons: Seher, Shilpi Majumdar Organizations: California Public Utilities Commission, Pacific Gas, E, Thomson Locations: Northern, Central California, powerlines, Bengaluru

Cruise, the autonomous vehicle startup owned by General Motors, has paused all of its driverless operations after collisions led to investigations, a disagreement with state regulators, and a suspension of its licenses in California earlier this week. The autonomous vehicle maker, founded by CEO Kyle Vogt in 2013, had previously initiated driverless operations in San Francisco, Austin, Phoenix, Houston, Dallas and Miami. According to DMV records obtained by CNBC, the Cruise autonomous vehicle came to a complete stop and "subsequently attempted to perform a pullover maneuver while the pedestrian was underneath the vehicle." The move comes two days after GM CEO Mary Barra said several times that the automaker believes Cruise vehicles are safer than human drivers. Cruise will keep running its autonomous vehicles with human safety drivers behind the wheel, supervising the drives, the company also said on Thursday.

Persons: Cruise, Kyle Vogt, Mary Barra, Barra Organizations: General Motors, GM, California Department of Motor Vehicles, DMV, The, The California Public Utilities, CNBC, Cruise, Barra, Honda Locations: California, San Francisco, Austin, Phoenix, Houston, Dallas, Miami, The California

☆ These utilities can withstand the pain as higher interest rates weigh on the sector, says Bank of America
▼ + stars: | 2023-10-24 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Utilities, beloved for their dividend payments, are under pressure in today's high rate environment, but a few gems stand out in the tarnished sector, according to Bank of America. The sector has suffered through 2023, shedding 16%, as the Federal Reserve continues to roll out its policy-tightening campaign. But there are a few opportunities in the sector, even as Bank of America says utilities aren't particularly compelling now. Both are also deemed top buys by Bank of America. PG & E has a California rate case development coming on Nov. 2, when the California Public Utilities Commission will be meeting.

Persons: Julien Dumoulin, Smith, ConEd, Michael Bloom Organizations: Bank of America, Federal Reserve, Consolidated Edison, E Corporation, PPL Corporation, California Public Utilities Commission, Kentucky Public Service Commission, PPL Locations: California, Kentucky

☆ Why burying power lines is an effective, but very expensive way to prevent wildfires
▼ + stars: | 2023-10-21 | by ( Katie Brigham | ) www.cnbc.com time to read: +2 min

Five years ago, PG&E's equipment sparked the deadly Camp Fire, which destroyed the town of Paradise, California, and killed 85 people. But just a year later, in the same county, PG&E's equipment started another catastrophic fire, prompting the utility to announce its extensive undergrounding plan. The utility has undergrounded 350 miles of power lines so far this year, and more than 600 miles since 2021. While Martin says moving power lines underground reduces ignition risk by 98%, it comes at a steep cost. The bill would be footed by PG&E's customers, who already face some of the highest rates in the nation.

Persons: Jamie Martin, Martin, Katy Morsony, Morsony, Daniel Kirschen, Kirschen Organizations: Pacific Gas and, undergrounding, California Public Utilities Commission, Reform, University of Washington Locations: California, Maui, Paradise , California

[1/2] A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company’s headquarters in San Francisco where it does most of its testing, in California, U.S., September 26, 2018. NHTSA's preliminary evaluation covers about 594 vehicles and is the first step before the agency seek to force a recall. In December, NHTSA opened a separate safety probe into the autonomous driving system in Cruise vehicles after reports of two injuries in rear-end crashes. NHTSA said Cruise vehicles "may engage in inappropriately hard braking or become immobilized." The DMV in August said it was investigating "recent concerning incidents" involving Cruise vehicles in San Francisco and asked the company to take half its robotaxis off the roads, a request Cruise complied with.

Persons: Heather Somerville, Mary Barra, Cruise, robotaxi, David Shepardsin, Nick Carey, Abinaya, Nivedita Bhattacharjee, Jan Harvey, Nick Zieminski Organizations: General Motors Corp, REUTERS, Rights, General Motors, Traffic Safety Administration, NHTSA, GM, Cruise, California Department of Motor Vehicles, California Public Utilities Commission, Thomson Locations: San Francisco, California, U.S, Cruise, Washington, London, Bengaluru

Most of the nation's power lines are above ground because its cheaper to do it that way. But more utilities have been burying power lines in response to bigger and more destructive natural disasters. That fire was started by lightening, not PG&E's power lines, but it is a reminder of the lasting damage that wildfires can cause. The Public Utilities Commission is considering two other plans that would include both burying power lines and using protective coverings. While burying power lines is the most effective way to prevent wildfires, it is not a quick fix.

Persons: —, “ We’re, ”, Patti Poppe, “, Gavin Newsom, Poppe, ” Poppe, Critics, Ken Cook, It’s, Matt Baker, ” Baker, we’ve, we’re, Feyla McLeod Organizations: Gas &, California Public Utilities Commission, Gov, Florida Power, Southern California Edison, San Diego Gas &, Associated Press, Environmental, Public Utilities Commission, Reform Network, Office, California, E's, PG Locations: Calif, California, Florida, Southern California, San, Sacramento, San Francisco, Poppe, Paradise, Southern, Northern California

☆ Feds probing safety of GM’s robotaxis around pedestrians
▼ + stars: | 2023-10-17 | by ( ) edition.cnn.com time to read: +1 min

Reuters —The US auto safety regulator has opened a probe into whether General Motors’ self-driving unit Cruise has taken sufficient precautions with its autonomous vehicles to safeguard pedestrians, it said on Tuesday. The National Highway Traffic Safety Administration (NHTSA) said its Office of Defects Investigation has received two reports from Cruise of incidents in which pedestrians were injured, and has identified two further incidents via videos posted to public websites. NHTSA said the reports include Cruise autonomous vehicles “encroaching on pedestrians present in or entering roadways, including pedestrian crosswalks, in the proximity of the intended path of the vehicles”. In August the California Department of Motor Vehicles said it was investigating incidents involving Cruise in San Francisco, after a Cruise robotaxi was involved in a crash with an emergency vehicle. The California Public Utilities Commission voted in August to allow robotaxis from Cruise and Alphabet’s Waymo to operate around the clock, despite strong opposition from residents and city agencies.

Persons: Cruise, “, robotaxi Organizations: Reuters, General Motors, Traffic Safety Administration, NHTSA, California Department of Motor Vehicles, California Public Utilities Commission Locations: San Francisco, California, Cruise

☆ California regulator proposes $45 mln penalty for PG&E over 2021 Dixie fire
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

A firefighter continues to hold the line of the Dixie Fire near Taylorsville, California, U.S., August 10, 2021. REUTERS/David Swanson/File Photo Acquire Licensing RightsOct 10 (Reuters) - The California Public Utilities Commission (CPUC) on Monday proposed a $45 million shareholder-funded penalty against Pacific Gas and Electric Company (PG&E) for its connections to the destructive 2021 Dixie wildfire. The proposed penalty, pending CPUC Commissioner's approval, consists of a $2.5 million fine to the California General Fund, $2.5 million payment to tribes impacted by the fire for remediation, and $40 million for capital expenditures to transition records to electronic format. CPUC enforcement staff is recommending this penalty under an Administrative Consent Order (ACO) and Agreement, as per a release on the state regulator's website. Reporting by Anjana Anil and Swati Verma in Bengaluru; editing by Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: David Swanson, Anjana Anil, Swati Verma, Miral Organizations: REUTERS, California Public Utilities Commission, Pacific Gas and Electric Company, California General Fund, Thomson Locations: Taylorsville , California, U.S, California, Bengaluru

SACRAMENTO, Calif. (AP) — California lawmakers were scheduled to vote Thursday on whether to give Democratic Gov. Five companies paid roughly $750 million last year to lease areas off the California coast to build wind turbines. The bill before lawmakers Thursday would let the state buy the power. Consumers would not pay it until the wind projects are up and running, likely several years from now. The bill lawmakers approved on Wednesday also includes provisions to fast-track new electric transmission projects.

Persons: Gavin Newsom's, Alex Jackson, ”, Sen, Brian Dahle, ” Scott Wetch, Newsom, Henry Stern, Alice Reynolds, ” Reynolds Organizations: Democratic Gov, American Clean Power Association, Republican, of Water Resources, Democratic, California Public Utilities Commission Locations: SACRAMENTO, Calif, California

Search resuls for: "California Public Utilities Commission"

25 mentions found