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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

PG&E Sues State over Seized Contracts

LCG, July 18, 2001Pacific Gas & Electric Co. yesterday sued the state of California seeking reimbursement for million of dollars worth of electric power contracts seized by Gov. Gray Davis on January 31.

Davis, citing his emergency powers, seized the contracts because he feared PG&E, which subsequently filed for protection under Chapter 11 of the bankruptcy laws in April, would liquidate them to raise money to help pay its debts.

The now-defunct California Power Exchange, through which all state power transactions were made, also wanted to seize the contracts because the utility owed it money.

The governor's office agrees that the state owes PG&E for the contracts, but no one knows how much those contracts are worth. When they were taken, the state estimated their value at $160 million, but the power exchange thought they were worth $347 million.

Because the contracts call for delivery of electricity to the utility at prices lower than the current market price and considerable more lower than the price at the time they were seized it is difficult for anyone to place a value on them. Davis wants a judge to determine their value.

Steve Maviglio, speaking for the governor, said "We seized the contracts to have reasonable priced power and expected that price to be set in a neutral forum."

In its suit, filed at Superior Court in San Francisco, PG&E said it "has received no compensation for the damage to its property."

PG&E spokesman Ron Low said the company believes "the state has benefited from the value of our contracts, and as a result we should be compensated."

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