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Energy, most read: Rivals brush off Ørsted's offshore wind warning


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Energy, most read: Rivals brush off Ørsted's offshore wind warning

S&P Global Market Intelligence presents the most read stories for the week ended Nov. 22.

1. PG&E to up ante in revised restructuring plan, warns of new outages

Embattled California utility Pacific Gas and Electric Co. and its parent company, PG&E Corp., plan to file a revised Chapter 11 bankruptcy restructuring plan with billions of dollars in backstop funding commitments to help pay wildfire-related liabilities, the CFOs of both companies said in a Nov. 18 filing with the SEC.

2. Berkeley-style gas ban gets 1st test on East Coast with vote in Boston suburb

Lawmakers in a Boston suburb are set to vote to ban natural gas in new buildings, marking the Bay State's first foray into a climate change policy that has unsettled the industry since it was pioneered in Berkeley, Calif., earlier this year.

3. Rivals brush off Ørsted's offshore wind warning

The world's largest offshore wind developers have broadly dismissed warnings by Ørsted A/S, the leader in the field, that the industry is underestimating effects that can reduce wind yields at sea.

4. Democratic presidential hopefuls propose requiring banks to review climate risks

More than a dozen Democratic U.S. lawmakers, including some vying for the White House, have introduced legislation that would direct the Federal Reserve to perform stress tests on large financial institutions to measure their resilience to climate-related financial risks.

5. S&P podcast: Nothing stopping solar from getting even cheaper, expert says

The price of producing electricity from solar energy has dropped rapidly in the last several years, and nothing is stopping it from dropping even further, an expert recently told the hosts of "Energy Evolution," an S&P Global Market Intelligence podcast.