Friday, August 29, 2008
Thursday, August 28, 2008
SCE Catching Heat Over Power Lines
Wednesday, August 27, 2008
Alternative Energy Tax Credits Hanging In The Balance
Look for this to heat up after the pollitical nominating Conventions conclude next week.
Tuesday, August 26, 2008
Bashing Pelosi Misses the Point
Monday, August 25, 2008
Where Have You Gone, SB 411?
Friday, August 22, 2008
Wireless Electicity Transmission
Thursday, August 21, 2008
You've Got Mail!
Thursday, August 14, 2008
Wednesday, August 13, 2008
SDG&E Rates Going Up
Most of that, 4.3% is part of a general rate case approved by the PUC, and the balance, which was approved by FERC, seeks to offset increased transmisstion costs.
According to the Union Tribune:
"The settlement, which was approved by the commission two weeks ago, enables SDG&E to increase its gas and electric rates to generate an additional $136.3 million in 2008. The new rates are retroactive to Jan. 1. SDG&E has been allowed to collect an approximate increase for nearly eight months and hold the proceeds in a separate account pending the PUC decision. The settlement also provides for an annual increase that allows SDG&E to make successive annual base-rate hikes of $41 million in 2009; an additional $44 million in 2010; and $44 million more in 2011.
That means the utility will make adjustments to its base rates for residential, commercial and industrial customers every year."
SDG&E raising its rates Sept. 1 [San Diego Union Tribune]
Tuesday, August 12, 2008
Taking the Good With the Bad
Calpine Corp., the U.S. power producer that exited bankruptcy protection in January, reported a profit in the second quarter after a year-earlier loss from reorganization costs. Net income was $197 million, or 41 cents a share, compared with a loss of $500 million, or $1.04, San Jose-based Calpine said Monday. Revenue rose 37% to $2.83 billion.
The company also named Jack Fusco chief executive.Calpine said Fusco's appointment was effective Sunday. He replaces Robert May, who had been CEO since December 2005 and had said he would retire once a successor was in place. Fusco previously was CEO of Texas Genco Inc.Calpine is the largest U.S. producer of electricity fueled by natural gas.
The company was driven into bankruptcy in December 2005 after natural gas costs surged and a power glut held down electricity prices. Since then, Calpine has doubled forward sales that lock in profit margins.Shares of Calpine rose 61 cents, or 3.8%, to $16.60 after the earnings news."
Monday, August 11, 2008
Another Offshore Energy Controversy?
Friday, August 08, 2008
Number of Geothermal Projects Growing
Current geothermal capacity on-line is 2,957 MW according to the report, and with the new additions geothermal power could reach nearly 7,000 MW. This would meet the household electricity needs of the cities of Los Angeles, Phoenix, San Francisco and Seattle combined.
The number of geothermal projects has been steadily increasing over the past two years, the report points out. Geothermal power production is headed to meet or exceed recent projections.
Thursday, August 07, 2008
Smart Meter Rollout
Utilities view the installation of smart metering as one of the steps on the road to a more automated power grid that can deliver power more efficiently to customers..."
Wednesday, August 06, 2008
BP Solar/Shea Homes Team Up For Free Solar
Tuesday, August 05, 2008
TIREsome Campaign Rhetoric
John McCain pounced and started handing out tire guages with the words "Obama Energy Policy" on them. Clever.
Monday, August 04, 2008
Democrats Have An Oil Problem
Obama's Drill Bit [Wall Street Journal]
Friday, August 01, 2008
The Times They Are A 'Changin...
- "...a new statewide poll by the Public Policy Institute of California, which found that a slim majority now supports offshore oil, up sharply from the 39 percent support measured in 2003 in the first PPIC poll on the issue."
- "To make the new political equation on energy even more interesting, support for nuclear energy appears to be rising, not quite to the halfway mark yet, but definitely higher than in the past. Opposition to new nuclear reactors had been another hallmark of California's energy politics, but it now appears to be fading."
I don't think we're in Kansas anymore, Toto...
If all of this isn't surprising enough, prepare to get bowled over by the editorial in today's Los Angeles Times that....
Are you ready?
Wait for it...
Wait for it...
Yeah, I thought I was hallucinating too, but there it was, right on the screen. The last two paragraphs sum it up:
"We hate spending $60 on a fill-up as much as the next person, but we don't think Exxon or its outsized profits should be the impetus for bad policy. As we've said before, it's a bad idea to pile more taxes onto oil companies for supposedly excessive profits. Exxon already faces a stiff tax bill -- nearly 50% of its taxable income went to the government in the most recent quarter. Increasing the price of success could discourage the company from making high-risk, high-reward bets on new supplies and technologies, which is the opposite of what the country needs.
Ultimately, the source of Exxon's profits is the high price of oil. That's also the force driving down the demand for gasoline and aiding the development of alternative sources of energy -- the only real, long-term solution to America's dependence on foreign oil. So in a way, we should be thankful for another banner quarter by the world's largest publicly traded oil company. Even if it hurts."
Today is August 1, not April 1, right?
Dan Walters: Maybe offshore drilling isn't so bad after all [Sacramento Bee]
Give Exxon a break [Los Angeles Times]