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PG&E claims key victories; tax package disappoints clean energy backers


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PG&E claims key victories; tax package disappoints clean energy backers

'Light at the end of the tunnel': PG&E claims key victories in bankruptcy case

Embattled California utility Pacific Gas and Electric Co. claimed a pair of pivotal victories in its suddenly fast-moving bankruptcy restructuring process together with its parent company, PG&E Corp., when a federal judge late approved major settlements with wildfire victims and insurance companies totaling $24.5 billion.

Governor pans PG&E bankruptcy exit plan, wants 'radically restructured' utility

One day after embattled California utility PG&E and its parent PG&E Corp. jointly filed a revised Chapter 11 bankruptcy restructuring proposal, backed by $25.5 billion in settlements with wildfire victims, Gov. Gavin Newsom said the plan falls "woefully short" of the requirements of a 2019 state law.

'Best solution for all': PG&E files amended $25.5B restructuring bid

A week after troubled California utility PG&E and its parent company PG&E Corp. disclosed a $13.5 billion settlement with a group of individual wildfire victims, the third such major deal in their sprawling Chapter 11 bankruptcy proceeding, the debtors filed an updated plan of reorganization.

Tax package disappoints US clean energy advocates

Clean energy groups bemoaned a compromise tax extenders deal that congressional lawmakers agreed to, saying the legislation does not do enough to support technology for reducing greenhouse gas emissions.

Big energy bill, confirmation of FERC nominee not likely until 2020

With a little over a week left until Congress adjourns for 2019, the U.S. Senate will likely defer major planned action on energy until 2020.

Appeals court rules FERC has limited say over power contracts in bankruptcy case

A federal appeals court has ruled that the Federal Energy Regulatory Commission has a say, albeit a limited one, on whether FirstEnergy Solutions Corp. may reject certain wholesale power contracts as part of the company's bankruptcy proceeding.

White House contender Bloomberg wants coal-free, 100% clean energy by 2050

Former New York City Mayor and 2020 White House hopeful Mike Bloomberg called to shut down all U.S. coal plants by 2030 and for the country to rely fully on clean energy by 2050 as part of a campaign energy plan released.

MISO takes 'first step' to letting storage qualify as transmission alternative

The Midcontinent ISO recently proposed revising its market tariff to allow energy storage resources to serve as transmission-only assets.

Canada, Alberta governments square off in court over carbon tax

Alberta's top court has started hearing evidence in a dispute between the province and the Canadian government over a wide-ranging federal levy on emissions that has already been the subject of unsuccessful challenges in other provinces.

Energy traders press FERC to review decade-old credit, risk-management policies

Credit and risk-management practices in the organized power markets are due for a fresh look, the Energy Trading Institute said in a filing urging the Federal Energy Regulatory Commission to convene a technical conference and rulemaking process to update regulations adopted a decade ago.

NRC official: Regulation, other factors threaten nuclear competitiveness

Many factors, including costs of U.S. Nuclear Regulatory Commission licensing and regulation, are damaging the competitiveness of nuclear power in the U.S. and must be addressed to provide a level playing field for current nuclear units and advanced reactors being developed, according to a former NRC member.