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☆ California's incentive proposal for rooftop solar targets low-income households
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +1 min

OAKLAND, Nov 10 (Reuters) - California regulators on Thursday made a new proposal for incentivizing rooftop solar systems, a contentious matter as the state tries to expand renewable energy and respond to critics who want more equitable distribution of incentives. Shares of rooftop solar system providers, including Sunrun Inc (RUN.O), SunPower Corp (SPWR.O) and Solaredge Technologies Inc (SEDG.O), were up between 12% and 26% in afternoon trading. The new policy proposals outlined by the California Public Utilities Commission (CPUC) include an additional $900 million to support battery and solar systems, mostly for low-income customers. The proposal will not affect current home solar owners and will maintain their current compensation, the CPUC said. Reporting by Peter Henderson, Nichola Groom and Ruhi Soni; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ Watchdog CPUC seeks $155 million in fines against PG&E over Zogg wildfire
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

Oct 26 (Reuters) - The California Public Utilities Commission (CPUC) watchdog on Tuesday proposed fines of $155.4 million against shareholders of utility Pacific Gas and Electric Co (PG&E) (PCG.N) for alleged violations related a 2020 wildfire in the state. PG&E was last year charged with manslaughter and other felonies by prosecutors in Shasta County over the Zogg fire, which killed four people, destroyed 204 structures, and burned more than 56,000 acres. read moreThe proposed penalties follow an investigation by the CPUC's Safety and Enforcement Division into the fire, which found that PG&E failed "to remove trees marked for removal as a result of poor recordkeeping." PG&E said in a statement that it was reviewing the proposed order, adding that it had already have resolved civil claims with Shasta County and "reached settlements with most individual victims and their families". Reporting by Deep Vakil; editing by John Stonestreetin BengaluruOur Standards: The Thomson Reuters Trust Principles.

☆ PG&E files to separate non-nuclear generation assets into standalone unit
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +2 min

Sept 28 (Reuters) - PG&E Corp has moved to separate its non-nuclear generation assets into a standalone unit by filing an application with the California Public Utilities Commission (CPUC), the utility said on Wednesday. The company is seeking regulatory approval to sell a stake of up to 49.9% in the new non-nuclear generation unit called Pacific Generation LLC, which would provide a source of equity financing to help PG&E fund wildfire risk mitigation and clean energy investments, it added. PG&E would maintain majority ownership in the unit. The power company has been blamed for sparking numerous wildfires, including some of the state's most deadly and destructive. The company expects to launch the minority stake sale process in first-quarter 2023 and said the deal would have no impact on PG&E customer bills.

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