California’s Next Electricity Headache Is a Looming Shortage
Share
[aggregation-styles]
Yahoo! Finance
Yahoo! Finance
(Bloomberg) — As if California doesn’t have enough problems with its electric service, now regulators warn the state may be short on power supplies by 2021 if utilities don’t start lining up new resources now.
In the hopes of heading off a shortfall, the California Public Utilities Commission has ordered the state’s electricity providers to secure 3.3 additional gigawatts of reserve supplies. That’s enough to power roughly 2.5 million homes. Half of it must be in place by 2021 and the rest by August 2023.
The move comes as California is already struggling to accommodate increasingly large amounts of solar power that regularly send electricity prices plunging below zero and force other generators offline so the region’s grid doesn’t overload. The state is also still reeling from a series of deliberate mass blackouts that utilities imposed last month to keep their power lines from sparking wildfires amid strong winds. And its largest power company, PG&E Corp., went bankrupt in January.
In the hopes of heading off a shortfall, the California Public Utilities Commission has ordered the state’s electricity providers to secure 3.3 additional gigawatts of reserve supplies. That’s enough to power roughly 2.5 million homes. Half of it must be in place by 2021 and the rest by August 2023.
The move comes as California is already struggling to accommodate increasingly large amounts of solar power that regularly send electricity prices plunging below zero and force other generators offline so the region’s grid doesn’t overload. The state is also still reeling from a series of deliberate mass blackouts that utilities imposed last month to keep their power lines from sparking wildfires amid strong winds. And its largest power company, PG&E Corp., went bankrupt in January.
By David R. Baker, Bloomberg | 8 Nov 2019
RELATED TOPICS:
Livingston Mayor Jose Moran on Winning His Race by Nine Votes and Plans for the City
Local /
3 hours ago
Welding is a Way Back to School for California Kids Who Regularly Ditch Classes
Opinion /
3 hours ago
This Kitty Wants to Be Your Christmas Angel
Animals /
4 hours ago
Religion Has Been in Decline. This Christmas Seems Different.
Opinion /
21 hours ago
California Limits Junk Fees: New Law Blocks Fines for Declined ATM Withdrawals
Business /
23 hours ago
Elon Musk Is Creating His Own Texas Town. Hundreds Already Live There.
News /
1 day ago
Amazon and Starbucks Workers Are Striking. What Does It Mean for Labor Under Trump?
Business /
1 day ago
Latest
Videos
Opinion /
1 hour ago
Why Are So Many Christians So Cruel?
Local /
3 hours ago
Livingston Mayor Jose Moran on Winning His Race by Nine Votes and Plans for the City
Opinion /
3 hours ago
Welding is a Way Back to School for California Kids Who Regularly Ditch Classes
Animals /
4 hours ago
This Kitty Wants to Be Your Christmas Angel
Opinion /
21 hours ago
Religion Has Been in Decline. This Christmas Seems Different.
Business /
23 hours ago