California Regulators Plan to Vote on Revenue From Power Plants

Bloomberg News ^ | 04/03 15:49 | Daniel Taub

[Ernest_at_the_Beach]

San Francisco, April 3 (Bloomberg) -- California regulators plan to vote tomorrow on the revenue that PG&E Corp., Edison International and Sempra Energy utilities will receive this year from nuclear power plants and other generating stations they own.

Under the plan proposed by a California Public Utilities Commission administrative law judge, PG&E's Pacific Gas & Electric, the state's largest utility, will receive $2.88 billion, Edison's Southern California Edison will get $3.79 billion and Sempra's San Diego Gas & Electric will receive $466 million.

[Ernest_at_the_Beach]

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[snopercod]

Another sloppy Bloomberg article that explains nothing.

This must have to do with AB 1890. I think the "stranded costs" thingie expired two days ago, so now the utilities can "legally" charge for their nuclear plants.

Diablo Canyon generates more megawatts than San Onofre, so why does SCE get more than PGE?

[Dog Gone]

I suppose it's too late to mention this now, but California really ought to try deregulation someday.

[sam_paine]

It's double-speak, isn't it? California is synonymous with "deregulation" when in fact, it is the farthest thing from it! This is a scary adopt/destruction of a word by liberals....and they do it so well!

[snopercod]

I went to the CPUC Website, but their press releases are running about a week behind. Typical bureaucrats.