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Are utilities toast like Bankrupt PG&E

Are utilities toast like Bankrupt PG&E

grins.va | 13/03/2019

This local news should be more appropriately be posted on the Tesla Northern California Club not posted on Tesla General.

Mike83 | 13/03/2019

As Climate Change sparks more damages perhaps the Utility has a good case that fossil fuel burning is the real culprit.
The deniers like the tobacco companies try to divert their responsibility from fossil fuel burning to other causes.
BTW this is about all Utilities as the grid changes to micro grids and such. It belongs here.

https://www.cbc.ca/radio/day6/episode-426-standoff-in-venezuela-bankrupt...

Earl and Nagin ... | 13/03/2019

@grins,
I would submit a contrary opinion that while local news, the question of the viability of electric utilities is viable nationwide. I know some very wise utility companies are carefully studying this issue throughout the USA.
With the growth of so much "behind the meter' generation and storage caused by PV and Powerwalls, coupled with a potential doubling of the consumption of residential electricity consumption due to EVs and movement toward efficient heat-pump based appliances, there are disruptive changes coming to the electric utility industry as well as the natural gas industry.
The shift toward self-generation will potentially place a huge stress on existing utility business models and processes. The increase in demand leaves the possibility for aggressive 3rd parties to thrive if they have more suitable business models and processes.
This threat to incumbents with a growing market that new competition can exploit could kill the old timers if they don't adapt quickly.
Speaking of aggressive new competition: Is there really anyone out there that is aggressively pushing "behind the meter" solar and storage as well as products that demand a lot of electricity? :-)
Go Tesla!

rxlawdude | 13/03/2019

The disruptive changes that So Cal Edison is making include new, higher rates and gerrymandered "peak" TOU times.

Earl and Nagin ... | 13/03/2019

@rxlaw,
Many municipalities are moving away from So Cal Edison in favor of the Clean Power Alliance for their electricity, leaving SCE as just the delivery 'truck'.
Potentially quite disruptive.
Powerwall beats gerrymandered "peak" TOU although I'm not sure the "peak" rates are really incorrectly timed, given "The Duck Curve" with solar production -vs- grid demand.

Mike83 | 14/03/2019

The Kochs support many roadblocks like ALEC in various local regions to keep their pipeline of fossil fuel burning and adding to their $100 billion wealth. These guys are in their 90's so I wonder who is really behind their war against progress. It would be a miracle if these people would have a change of heart before they die.

Mike83 | 15/03/2019

The lobbyists and politicians for fossil fuel interests.

https://www.sourcewatch.org/index.php/ALEC_Politicians

blue adept | 16/03/2019

PG&E has already filed bankruptcy and now SoCal Edison is disseminating disingenuous commentary through various media channels in the form of reports about how they were already financially stressed because of previous payouts due to faulty/poorly maintained equipment-caused fires as a means of prepping for the inevitable following the release of a report by the Ventura County Fire Department:

http://www.vcfd.org/news/335-vcfd-determines-cause-of-the-thomas-fire

Coverage form a local outlet:

https://laist.com/2019/03/13/edison_power_lines_found_to_have_caused_the...

Where their (SoCal Edison) equipment was determined to be the cause of the Thomas/Camp fire!

Perhaps the most annoying aspect of all of these man-made fires and the resultant loss of life and property is that they were avoidable/easily could've been prevented if only the respective utility companies (PG&E and SoCal Edison) had only performed routine maintenance and keep their infrastructure in proper operating condition.

Sad for people to have had to lose their lives over laziness or greed.

blue adept | 16/03/2019

Especially at the hands of those who we look/trust to be responsible for safely providing our energy needs.

Mike83 | 18/03/2019

Public Utilities ???? It seems they are controlled by Koch funded ALEC and other groups to keep building fossil fuel power plants. Also look at the enormous costs of decommissioning Nuclear Power Plants and passing the costs on to the common rate payers. The Trump/GOP wants to gut all regulations so these fossil fuel monopolies can make more money, create more Global Warming, pollute our water and scenery, destroy wild places and hide facts from the American people at the same time rewarding them with tax breaks and incentives to keep drilling.

They also suck money from California to fund their giveaways to the fossil fuel welfare recipients while claiming they are providing Jobs mine coal; there must be at least 100 jobs saved?
California has been saving America from economic crisis as it is the 5th biggest world economy. The less money they make the less America makes which could rock the US into another Republican made depression.

https://www.usnews.com/news/best-states/articles/2019-03-13/rising-sea-l...

reed_lewis | 18/03/2019

I love my local Municipal light and power company, The rates are cheaper than the surrounding public companies, and the service is better. What's not to like!

JustSaying | 19/03/2019

@reed_lewis, Anaheim?

Yodrak. | 19/03/2019

"Public Utilities ???? It seems they are controlled by Koch funded ALEC and other groups to keep building fossil fuel power plants."

Many public utilities no longer build or own power plants these days. Most have sold off their generation assets and have become transmission and distribution businesses, some just distribution businesses.