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:
Canada Wants to Kill 400 Ostriches. RFK Jr. and Dr. Oz Want to Save Them.
Animals /
9 hours ago
Former MLB All-Star Breaks Ground on BMW/Porsche/Audi Dealership in Clovis
Business /
7 hours ago
Fresno, Clovis to Open Cooling Centers as Temperatures Expected to Soar
Local /
8 hours ago
Costco Misses Quarterly Revenue Expectations Amid Reduced Consumer Spending
Economy /
8 hours ago
Tulare County Authorities Respond to Double Shooting in Goshen
Local /
8 hours ago
US Appeals Court Reinstates Trump Tariffs, Sowing Market Confusion
Economy /
8 hours ago
A Program Paying CA Jurors $100 a Day Would End Due to Newsom’s Budget Cuts
Courts /
9 hours ago
Some Glaciers Will Vanish No Matter What, Study Finds
Science /
9 hours ago
Canada Wants to Kill 400 Ostriches. RFK Jr. and Dr. Oz Want to Save Them.
Animals /
9 hours ago
Former MLB All-Star Breaks Ground on BMW/Porsche/Audi Dealership in Clovis
Business /
7 hours ago
Fresno, Clovis to Open Cooling Centers as Temperatures Expected to Soar
Local /
8 hours ago
Costco Misses Quarterly Revenue Expectations Amid Reduced Consumer Spending
Economy /
8 hours ago
Tulare County Authorities Respond to Double Shooting in Goshen
Local /
8 hours ago
US Appeals Court Reinstates Trump Tariffs, Sowing Market Confusion
Economy /
8 hours ago
A Program Paying CA Jurors $100 a Day Would End Due to Newsom’s Budget Cuts
Courts /
9 hours ago
Some Glaciers Will Vanish No Matter What, Study Finds
Science /
9 hours ago
Canada Wants to Kill 400 Ostriches. RFK Jr. and Dr. Oz Want to Save Them.
Animals /
9 hours ago
Tulare County Man Convicted of Child Molestation During Burglary Faces Life Without Parole
A Tulare County jury has convicted a Porterville man of molesting a 4-year-old girl during a home burglary in 2020, prosecutors said Thursda...
Crime /
6 hours ago
Categories
Latest
Videos

Crime /
6 hours ago
Tulare County Man Convicted of Child Molestation During Burglary Faces Life Without Parole

Local /
7 hours ago
Fresno Man Arrested After Stolen City Vehicle Pursuit, Fires in Madera County

Business /
7 hours ago
Former MLB All-Star Breaks Ground on BMW/Porsche/Audi Dealership in Clovis

Local /
8 hours ago
Fresno, Clovis to Open Cooling Centers as Temperatures Expected to Soar

Economy /
8 hours ago
Costco Misses Quarterly Revenue Expectations Amid Reduced Consumer Spending

Local /
8 hours ago
Tulare County Authorities Respond to Double Shooting in Goshen

Economy /
8 hours ago
US Appeals Court Reinstates Trump Tariffs, Sowing Market Confusion

Inspire /
11 hours ago