S&P Global Market Intelligence presents the most read stories for the week ended Dec. 28.
1. Calif. regulators mull possible PG&E utility restructuring, breakup
On the heels of a slew of investigations into the cause of wildfires in Northern California and continuing questions over its safety culture, the California Public Utilities Commission proposed to revamp Pacific Gas and Electric Co.'s corporate structure.
2. FERC fuel-security order draws ire for 'bailing out' LNG terminal
The Federal Energy Regulatory Commission approved key details of a deal to keep the 1,700-MW Mystic natural gas-fired plant in Massachusetts from shutting. But the move drew a strong dissent from one commissioner, who said it unfairly bails out the adjacent Everett LNG import facility.
3. Calif. ISO examines transmission options to displace need for Aliso Canyon
California's electric grid operator is examining how to boost carrying capacities on major transmission lines to bring more electricity from the Pacific Northwest to displace gas-fired generation tied to the Aliso Canyon natural gas storage facility in Los Angeles County.
4. Gas utility stocks face rate hike challenge, could benefit from market fear
Gas utility stocks, often counted on for their dividend income, will have to compete in a rising interest rate environment as 2019 begins, although fears of economic instability could end up spurring a flight to safety that would benefit the sector, analysts said.
5. Westmoreland seeks bankruptcy court approval to sell Ohio coal mine for $1M
Westmoreland Coal Co. is seeking approval from a bankruptcy court to sell its Buckingham coal mine in Ohio to an as-yet-unformed holding company and give that company the opportunity to acquire 15 other mines.