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Energy
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Calif. created penalties to root out price gouging by oil companies. They haven’t found it yet.
Frustrated lawmakers explored a number of ideas to combat sky-high gas prices, including taking state control of oil refineries in the Golden State.
PG&E looking to sell power plants to investment firm to pay for wildfire mitigation efforts
The utility could strike a deal in the $2 billion to $3 billion range to help cover a number of costs related to burying power lines underground.
Environmentalists sue to block funding for Diablo Canyon
PG&E has been awarded over $1 billion from the federal government to keep Diablo Canyon running.
CPUC proposes income-based flat rate energy fees
Opponents to the proposal include Asm. Jim Patterson, who argues that it will not actually do anything to address affordability.
Berkeley agrees to repeal gas stove ban
Other cities with similar ordinances may have to follow suit.
CPUC approves further PG&E rate hikes
Customers will see their bills increase by an average of $5 per month to cover wildfire mitigation and infrastructure costs.
Southern California Edison agrees to $80 million settlement
The utility is settling a lawsuit over the 2017 Thomas Fire.
Aera Energy acquired by California Resources Corporation
The acquisition comes just one year after Aera Energy was sold by Exxon Mobil.
Exxon Mobil posts lower revenue than expected
The oil company’s fourth quarter numbers came down from a year before.
Diablo Canyon to remain open through 2030
State regulators voted Thursday to keep California’s lone nuclear plant up and running for at least five years longer than initially planned.
