New Law Coming: PGE to Pass Fire Costs to Ratepayers ?

November 16, 2018

Michael Picker, Chairman of California’s PUC has indicated support for new fast-track legislation to enable PGE to pass along fire-related costs to ratepayers.

“It’s not good policy to have utilities unable to finance the services and infrastructure the state of California needs,” Picker told Bloomberg after the call. “They have to have stability and economic support to get the dollars they need right now.”

This all follows the companies pulling down of all revolving lines of credit and reporting of inadequate insurance levels to cover anticipated fire related future expenses. PGE’s stock price had fallen by more than 60% as Moody and S&P downgraded the companies credit rating to near junk levels on Thursday.

Changes in the electrical cost structure for California residents will likely secure the continued movement toward residential solar power.  2019 will be interesting as  it is the last year for the full 30% tax credit for solar PV.  It is expected that many home and business owners will rush to beat the  utility rate increases and secure the tax credit before the 12/31/2019 ITC decline begins.

Continue Reading

Related posts

  • Off-Grid Upgrade….amazing improvement!Off-Grid Upgrade….amazing improvement! Off Grid-No Compromises SunnyCal just completed a major off-grid residential system upgrade in the California foothils.  The customer wanted it all…power for his home, power for […]
  • SunnyCal Offers Solutions to PGE Charges for Fire Losses.SunnyCal Offers Solutions to PGE Charges for Fire Losses. Will PGE's losses be passed on to ratepayers?  Many expect the obvious. PGE's stock continued a free fall with nearly 22% losses in one day, making the five day losses totaling nearly […]
  • Array over the GardenArray over the Garden Here is an unusual installation, solar in the garden; it is located in the middle customers garden.  She will plant plants appropriate to the shade desired from the solar modules. Note […]
  • Solar Pool Heater Support Stand IntroducedSolar Pool Heater Support Stand Introduced SunnyCal  introduced  a new solar support support stand for solar and spa pool heaters.  This galvanized structure can be purchased on 4 ft width segments, for module lengths from 6 to 12 […]

Leave a Reply

Your email address will not be published.