Edison International and Sempra Energy utilities in Southern California were cleared to buy as much as 1,500 megawatts of electricity to replace the power lost when the San Onofre nuclear plant shut in 2012.
PG&E Corp., owner of the state’s largest utility, should pay a “significant fine” for a 2010 natural gas pipeline blast that killed eight people, the head of the California Public Utilities Commission said.
Morgan Lewis & Bockius LLP hired a Washington team of white collar attorneys formerly of White & Case LLP and led by former acting U.S. Attorney General and Deputy Attorney General George J. Terwilliger III.
California energy regulators said that a preliminary ruling by a U.S. agency may bring as much as $1.6 billion in refunds for consumers harmed during the state’s electricity crisis more than a decade ago.
U.S. plans to upgrade the nation’s aging pipeline networks, which may cost an estimated $50 billion, will provide profit growth opportunities at regulated utilities such as PG&E Corp. and Sempra Energy.
PG&E Corp ., owner of California’s largest utility, named a board member, Lee Cox , interim chairman and chief executive officer to replace Peter A. Darbee , who is stepping down after the fatal San Bruno pipeline blast last year and criticism of initiatives such as advanced metering.
Edison International faces a regulatory battle over who will pay for about $3.4 billion of costs related to the decision to retire the San Onofre nuclear plant amid a record number of U.S. nuclear closures.