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Virginia Governor Signs Executive Order to Drive Renewable Energy Installations

LCG, September 18, 2019--The Governor of Virginia signed an Executive Order 43 yesterday setting statewide goals for clean energy deployment and expands upon the Commonwealth's commitments to reduce the environmental impact, mitigate the impacts of climate change, and boost the clean energy economy in Virginia.

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Los Angeles Moves A Step Closer to Approving Huge Solar with Battery Storage Installation

LCG, September 12, 2019--The Los Angeles Department of Water and Power (LADWP) Board of Commissioners unanimously approved a plan on September 10 to install a 300-MW/1,200-MWh battery energy storage system (BESS) located at 8minute Solar Energy's (8mSE) Eland Solar and Storage Center.

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Industry News

Governor Signs Power price Cap Bill

LCG, Sept. 7, 2000California Gov. Gray Davis yesterday signed legislation that will roll back power prices in the southernmost portion of the state to roughly where they were before electricity consumers started using more juice than was readily available.

The price cap of 6.5 cents per kilowatt-hour, retroactive to June 1, is about a quarter of the $250 per megawatt-hour that San Diego Gas & Electricity Co. paid the California Power Exchange for electricity that is sold without markup to its customers at 25 cents per kilowatt-hour a price that caused a typical householder's electric bill to run around $125 in a hot month.

The hue and cry from wounded power consumers who were used to $60 electric bills was enough to prompt the artificial expedient of a politically-imposed price cap, but someone will have to pay the difference and it looks like that someone is SDG&E. The utility will have the opportunity to get its money back later, if it can find a source of power at less than $65 per megawatt-hour.

In signing the bill yesterday, Gov. Davis said "In the short term this will ease the uncertainty of San Diego energy prices. When it comes to predicting their electric bills, San Diego consumers have been in the dark long enough."

The governor did not, however, sign another bill that would have provided state funds to pay for up to $150 million of the price cut.

SDG&E spokesman Doug Kline said "Our customers need relief but the bill that the governor signed into law today is seriously flawed. It is a quick political fix that puts on layaway today's high energy costs until 2003 or 2004." He estimated the measure will cost his company $664 million by the end of 2002 and that could increase to $839 million in another year.

The governor did sign a second energy-related bill that aims at speeding up the approval process for new power plants.

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