Showdown In Sacramento. The saga continues but let us back up for a minute. The dramatic increases in return on equity may not actually mean that is what they are looking for. Ask for a 50% increase and get 25% and the shareholders still get what they wanted. My opinion is that the reward should go to the party that takes the most risk so you cannot possibly ask for the ROE increase while also asking for indemnity. The Governor also opined yesterday, saying that “Not gonna get it . It’s jaw droppingly wrong.”
Growing Energy Load. Utilities do better when energy load increases and that is why solar has been viewed as a threat to utilities in the past. Electric vehicles are now growing like crazy and they need to be charged and as I’ve said in the past, represent the first time that utilities are in the same market as oil companies. It also provides a great factor for growth. None of this is news really but it’s no longer a future situation.
Hopkins Goes Solar. My alma mater is going bigger in solar striking a deal with Constellation Energy and a solar farm in Virginia. This will get Hopkins to two thirds of their energy consumption. I hope the other third will come through solar generated in Maryland.
More Info On VDERs. The changes in New York were a hard fought victory by many solar trade associations and there is more coverage on the issues that will grow that market. I look forward to seeing New York fulfill the future that they’ve been trying to achieve.
- Sacramento Bee: Gavin Newsom blasts PG&E’s request to raise rates and profits as debate over wildfire costs rages
- Axios: Why electric vehicles are a big opportunity for utilities
- Johns Hopkins: Johns Hopkins Announces Major Solar Power Commitment
- Utility Dive: New York updates distributed solar tariff, clearing path for 1 GW of new generation
- Greentech Media: What We Know and Don’t Know About the Fire at an APS Battery Facility
- AZ Central: Arizona Corporation Commissioners grill APS representatives in first discussion of rate hike case
- Think Progress: Mueller report exposes ‘Miners for Trump’ as a Russian troll effort
Opinion
Have a great day!
Yann