Perry wants new FERC regulators to push through LNG export applications; Edison takes $1.8B charge for California wildfires, despite no new liability determination; Senate confirms Wheeler as EPA head, reinforcing regulation rollback; Business, enviro groups see strong prospects for Illinois 100% clean energy bill
The company announced a $10.5 billion pre-tax charge Thursday related to third-party claims from the 2018 fire, and said its total potential wildfire liabilities could exceed more than $30 billion.
Perry praised FERC’s approval of the Calcasieu Pass LNG facility last week, but said having a full contingency at FERC would help push through 12 more LNG applications.
Utility officials say the number of claims that are being filed and the potential for litigation led them to conclude Southern California Edison faces "a potential material liability."
The 52-47 vote will allow the former coal lobbyist to continue his deregulatory efforts uninterrupted, despite defections from two senators who voted to confirm him as the No. 2 at EPA last year.
The bill would also ensure the carbon sector is 100% carbon emissions free by 2030 and promote electric vehicle incentives and infrastructure plans to take the equivalent of 1 million gas vehicles off the road.
A new state proposal would set lower thresholds for emissions of nitrogen oxides, and allow plant owners to meet the new standards in part by installing renewable or batteries.
The future of mobility will be autonomous and electric, with more people opting not to own a vehicle. That means ride- and car-sharing services will need to play a role in helping utilities roll out charging infrastructure.
The changes, which become effective April 1, are aimed at enabling energy storage technologies to more fully participate in the New England wholesale electricity markets.
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