Customer empowerment upheaval forces California into hold on renewables; California energy agency predicts rising power demand; Atlantic Coast Pipeline pricetag could reach $6.5B, says Duke CEO; Siemens, Tesla in petition pushing New York for faster action on electric vehicles
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Customer choice aggregation is sweeping through California, putting almost everything about the state’s already groundbreaking power delivery into doubt.
The California Energy Commission (CEC) on Wednesday released its updated demand forecast, which sees higher consumption driven by electric vehicles and climate change.
Delays and stringent conditions agreed to as part of the permitting process have driven the project's cost more than 20% higher, Duke CEO Lynn Good said during an earnings call.
Forty companies and advocacy groups have asked the state Public Service Commission to accelerate action on EVs, which could result in $18 billion in savings by 2050.
The company's previous application to install chargers in the state was rejected by the Public Service Commission, but this time it is not seeking to own the equipment.
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