Achieving 100% clean electricity in California by 2045 will require a three-fold increase in current installed capacity. It is estimated to cost 6% more than a 60% renewable portfolio standard. That is according to a joint report by the California Public Utilities Commission, California Energy Commission and Air Resources Board.
Pacific Gas & Electric argues that its proposal before utility regulators to issue $7.5 billion in 30-year bonds to be repaid by ratepayers is a good deal for its customers. This low-cost refinancing of shareholder debt to cover utility wildfire costs “will enable PG&E to promptly move $6 billion in debt off […]
The House Select Committee on Climate Change released a much-awaited plan June 30 that seeks to make the nation carbon neutral by 2050, five years later than California’s deadline. The new national proposal stresses that continued climate pollution equals continued racism, disproportionately impacting non-whites.