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PG&E makes record $2.2B but needed to borrow $1.4B from State of California

PG&E makes record $2.2B but needed to borrow $1.4B from State of California
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California loaned PG&E $1.4B to keep Diablo Canyon open. Can the utility pay it back?

In a tight budget year, lawmakers are worried that the state’s largest utility can’t repay at least $300 million of a state loan ....

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Despite Phase-Out, Three SoCal Natural Gas Plants to Stay Open Through 2026

The State Water Resources Control Board is overseeing the phase-out of natural gas plants in Southern California but it just extended operations at power plants in Oxnard, Huntington Beach, and Long Beach for another three years and the Scattergood Generating Station in Playa Del Rey for another five years. ....

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Controversial Decision Keep 3 Natural Gas-Fired Generating Stations Open to Shore Up Grid

Three fossil fuel plants will stand by to provide emergency power for three more years despite California’s mandate to switch to clean energy by 2045. ....

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Oxnard's Ormond Beach natural gas plant to stay open through 2026

California officials agreed to extend operations at three natural gas plants, including one in Oxnard, to shore up the state s straining power grid. ....

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