17 Burst results for "California Public Utilities Commission"

"california public utilities commission" Discussed on KZSC 88.1 FM Santa Cruz

KZSC 88.1 FM Santa Cruz

02:23 min | 3 months ago

"california public utilities commission" Discussed on KZSC 88.1 FM Santa Cruz

"Provided dwellings and go to and from the fields in grower supplied transportation. California's solar advocacy groups. That beat back legislation that would have made rooftop solar systems more expensive, A warning about a similar proposal that is on tomorrow's agenda of the California Public Utilities Commission. Just an Potter has the story. Groups working to battle climate change warned that rooftop solar and energy efficiency programs could be in big trouble. If the California Public Utilities Commission votes tomorrow to revamp the way the agency evaluates them. The groups claim that changes to what's known as the avoided cost calculator will cut the value of rooftop solar in half, and they worry this could lead to a cut in reimbursements or extra fees for families who install rooftop solar panels. Laura Niche who heads the nonprofit 3 50 Bay Area, thanks Could be the beginning of the end for small scale solar. When homeowners are not adequately compensated, they will stop putting solar on the roof, which will diminish the amount of relatively cheap distributed energy and eliminate the benefits of that, from the grid of the future they avoided cost calculator is used to evaluate the costs and benefits of any given programme. The commission normally only allows big changes in even numbered years. This proposal is on the consent calendar, with no debate and opponents one it pulled from the agenda. Last week, the state's three biggest utilities sent a letter to the commission, arguing the proposed changes are minor and warranted, and that they'd allow for more accurate projections. Niche believes the utilities want these changes because they favor large scale solar projects. Bring a guaranteed rate of return. They're doing what they're being incented to do, and they are fighting against these much smaller distributed projects because they do not benefit from it directly. Laura Diane is with Environment California, a group that just published a report on rooftop solar. She argues that the state needs to protect net metering programmes not put up. Roadblocks were living with the consequences of global warming right now. And so getting to 100% renewable energy future has to happen as fast as.

Laura Niche Laura Diane California Public Utilities Co Last week tomorrow 100% Environment California California 3 50 Bay Area three biggest utilities one half
"california public utilities commission" Discussed on KQED Radio

KQED Radio

08:22 min | 1 year ago

"california public utilities commission" Discussed on KQED Radio

"To you in person. Instruction has provided already millions and millions of masks and face shield tens of thousands of thermometers and 1,000,000 1/2 gallons of hand sanitizer. I recognize that's not enough, and I'll talk In a moment of what we were successfully able to do with the budget to provide an unprecedented amount of resource is to supplement what the state has already provided. But this is important because I want folks to know the state's commitment to provide it no cost to the district's these supplies in anticipation of being able to move in the direction all of us want to move. That said. We're anticipating based upon the current analysis on will be coming out Monday with more detailed information as it relates to county by county Watch list, which is foundational. We'll talk more about that in a few moments as well, but we estimate at this moment, at least over 90%. Of our students, and you can argue it's closer to 95 97% of our students are likely to start the school year with distance learning, and that's what we're preparing for. That's what were disproportionately focused on that school year has already begun. For many yesterday today next week. Large cohort week after eso school year is upon us and we are now just beginning this journey together on a more robust approach the distance learning in this state. We made this point that schools maybe close. I've made this point passed. The class is still in session. That we are committed. We are accountable to continuing to ensure that not only were preparing our teachers to be great teachers in a very Strange and difficult environment, preparing our students to be at their best, but that we're preparing a broad strategy recognized that we still have a lot of gaps and a lot of equities that need to be addressed. And so we will get to some of the details of what we're planning to do in that space in a moment, But I want you to know that is top of mind and we're very cognizant. Of our responsibility in those challenges. Accordingly, we've been guided over the course of the last many months by a lot of outreach. I want to thank and he'll be on phone in a moment. Superintendent of Public Education The work CD, California apartment of education is done in terms of their outreach, formal informal surveys that they put out surveys that the state Has put out other organizations, non profits. NGOs have put out really trying to get a sense of where school districts are where parents are on where our workforce believes we need to go is relates to supporting our efforts on distance learning. They'll just see three specific surveys on this slide that represent different times. And different questions related to our preparedness. You'll see that first comment, or rather first stat, 96.1% of school districts, the reported They were at least starting to provide technology for students for distance learning. This was at the end this specific. It was a survey from May 15th to the end of the school year where we were all rushing To provide for distance learning, But you could see the vast majority overwhelming majority of districts were moving in that direction, and we want to carry that moment. Um, and all of the challenges related to closing of that school year in spring session lessons learned when I carry some of that moment. Into the fall session, 91% of parents and another survey This was done in late July. Say that they have the technology needed for distance learning. Now I recognize you get under those numbers. What does that mean? One One laptop for four members of the family That's not adequate download speeds that may not be top of class. All of those things are self evident in terms of our concerns, but you got a sense of where parents at least felt they were, as relates to just basic technology needs for distance learning. But when you get to the issue of confidence when you get to issue Of more nuance. You could see a smaller number of people district's students and families feel that they have ultimately the kind of capacity Understanding ability to utilize this technology in a meaningful and more robust manner. So we talk in terms of bridging the digital divide. It's not just about why buy hot spots and not just about what you plug those virtual hot spots into. It's also about something much richer, much deeper. That said. We put out new requirements. Not every state did this. In fact, I would argue the vast majority based upon our analysis of states have not done this, but California did We put out expectations, guide rails. With really money. I'll get to the money in a moment with our expectations for our statewide requirement as it relates to what distance learning would look like the reason we're able to do that is when enlightened leadership in the Legislature that was committed to that cause, obviously, the great support the superintendent, public education and Linda Darling Hammond. That school board here you're here from in a moment as well. But we were able to have clarity terms of our conviction that we believe that distance learning was likely to happen. Based upon Community spread of covert 19 in the background rates. And so we had time to really deliberative timeto work with the Legislature on protocols processes on budget language to really condition. Requirements with funding, so it's really about local flexibility at the end of the day, but with real accountability in terms of minimum requirements. Those include access to more devices for those who don't have them more connective ity quality connectivity daily interaction. Look, as I said, digital rather distance learning this sub optimal. We just don't want people to take their lectures in. Just videotaped them and then provide them online. By the way. Just go to YouTube and pretty much get that in every subject matter that's ever been debated. Since the beginning of mankind. This has to be a much more interactive. Process where we want to bring our students into the screen, truly engaged, peer to peer not just with the interaction of a teacher, and so we want a more dynamic engagement. To the extent possible through distance learning. We want as much individualized learning, particularly for students of special needs, which is foundational as much as we can and That's an area of obvious concern, and I'm talking about more of that. In a moment. We want challenging assignments. We don't want people to dial this in and we want to recognize the diversity of the state. Children, as well as parents that are not necessarily is proficient in English. So, yes, l learners and second language learners and obviously meeting the needs of those with special Challenges that said, We have provided to date. Uh Access to at least devices and hot spots. I've talked on multiple occasions in the past. I want to thank Tony Thurman and his digital divide task force that he put together and then the darling him and I want to thank my wife, first partner, Jennifer for her outstanding work, making phone calls. Trust me. I was standing next to a 1,000,000 cases, Emails. On Sunday morning, trying to get philanthropy and individuals as well as companies to provide devices and WiFi hot spots. I think you've seen those numbers 73 device 33,000 devices, We were able to procure over 100,000 free WiFi hot spots throughout the state of California. Subsequently worked with California Public Utilities Commission and they've made available additional 87,000 WiFi hot spots part of our budget effort. They set aside tens of millions of dollars in this space to help supplement support for bridging that divide. Not for our school's issue,.

California Superintendent California Public Utilities Co YouTube Linda Darling Hammond Legislature Tony Thurman Public Education Jennifer partner
"california public utilities commission" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

01:35 min | 1 year ago

"california public utilities commission" Discussed on Heartland Newsfeed Radio Network

"The program formerly known as food stamps by fifteen percent, as was done during the most recent recession, which saw some forty thousand Colorado children fall into poverty. Colorado could also see a half. Million New People Enroll in Medicaid this year because of the loss of employer-based coverage. I'm Eric Gladys. And this story may have got lost in the sauce, but t mobile merged with sprint a few months ago. It's already begging off of some of its promises, and that raises alarms with workers. Advocates win the California Public Utilities Commission, approved the merger in mid. April t mobile promised to create a thousand jobs in California and roll out a five G. Network in four years now it's laying people off and says the five G. Network will take at least two years longer blaming. Blaming covid nineteen Frank Arce with the communications. Workers of America says the company's Pre merger pitch was untrue. You just was to me very much a bait and switch you. Let us manage. We're going to bring so many jobs to California especially in those neighborhoods where it's really needed the union, which does not represent T. mobile sprint workers opposed the merger at the CPU. See hearing in two thousand eighteen and predicted the merger would result in a loss of thirty thousand jobs nationwide. I'M SUZANNE POTTER IN ITS FILING. The company says the COVID. Nineteen crisis makes the imposition of a mandate to create additional jobs infeasible awarded. The CPU see will consider the proposal expected to issue a ruling sometime later this year. This.

covid Colorado California California Public Utilities Co Eric Gladys sprint G. Network SUZANNE POTTER Frank Arce America
"california public utilities commission" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

01:39 min | 1 year ago

"california public utilities commission" Discussed on Heartland Newsfeed Radio Network

"It's time to increase benefits for snap the program formerly known as food stamps by fifteen percent, as was done during the most recent recession, which saw some forty thousand Colorado children fall into, Poverty Colorado could also see a half. Million New People Enroll in Medicaid this year because of the loss of employer-based coverage I'm Eric Gladys. And this story may have got lost in the sauce, but t mobile merge with sprint a few months ago. It's already begging off of some of its promises, and that raises alarms with workers advocates. When the California Public Utilities Commission approved the merger in mid April t mobile promised to create a thousand jobs in California and roll out a five G. Network in four years. Now it's laying people off and says the five G. Network will take at least two years longer. Longer blaming covid nineteen Frank Arce with the communications, workers of America says the company's Pre merger pitch was untrue. You just was to me very much a Bayton. Switch you US merge. We're going to bring so many jobs to California, especially in those neighborhoods where it's really needed the union, which does not represent T. mobile sprint workers opposed the merger at the CPU. See hearing in two, thousand eighteen, and predicted the merger would result in a loss of thirty thousand jobs nationwide. I'M SUZANNE POTTER IT IS FILING The company, said the COVID, nineteen crisis makes the imposition of a mandate to create additional jobs, infeasible and unwarranted. The CPU. Sydor the proposal expected to issue a ruling sometime later this year. This is.

Eric Gladys California California Public Utilities Co G. Network Colorado covid sprint SUZANNE POTTER Frank Arce America
"california public utilities commission" Discussed on KQED Radio

KQED Radio

03:04 min | 2 years ago

"california public utilities commission" Discussed on KQED Radio

"Sparked by their equipment. Today's vote follows two years of catastrophic blazes across the state most caused by things like down power lines and exploding. Transformers K cuties. Dan Brekke followed today's vote by the California Public utilities commission and Dan, a key part of the plan pass today was to approve these guidelines for how the states big utilities, including PG any can shut off their power when fire danger is. Hi, how are they going to decide when to do, this was an interesting thing? The companies themselves are solely responsible for deciding when the shutoff are necessary. So how do they do that? They take those national weather service warnings like a red flag warning plug in their own information. And then they try to look at where power lines are most vulnerable. Title and based on all that, then they may decide in really extreme circumstances to take the power down. So there couple of big concerns about this practice of shutting off the power and one comes from people with disabilities in those rely on critical medical equipment. What is this policy mean for these residents well, puts these folks in real bind because as you say, some of them are reliant things like dialysis machines or respirators or system to recharge their wheelchairs, or something like that. And if the power goes down the results are predictable. None of that stuff works. This is an issue that as this plan is rolled out is going to get a lot of attention, and we'll probably actually see action in the legislature about this, and what will it mean for first responders, because they need power when there's emergency like wildfires, and there's a whole range of unintended consequences that can happen with the power goes down communication systems can be disrupted your water system, which. If you need to fight a fire might be taken down. So what the CPC decision power. Shut off says is that you need massive and redundant communication, with every public safety in emergency agency in the state of from the California, office of emergency services down to the local fire department to make sure that everybody knows, as far in advance as possible up to seventy two hours that you're even thinking about shutting down power, and when they do shut off power. What kind of geography? Are we talking about here? What swath of territory. Well, I mean, this has got a lot of attention because the power shut off set of happened over the past couple of years when the become more frequent have been very limited. Now PG is talking about taking down transmission lines. These are the big high voltage lines, see strung through towers, now if they take down transmission lines PG, any has warned people that. Not just these high threat. Fire districts up in the foothills, anybody, impeaching service area could be affected. The CPU. See also today approved PG knees wildfire safety plan.

Dan Brekke California Public utilities co California seventy two hours two years
"california public utilities commission" Discussed on KQED Radio

KQED Radio

02:52 min | 2 years ago

"california public utilities commission" Discussed on KQED Radio

"Email forum dot org or go to our website and post any questions or comments, there, kicking me dot org slash forum or tweet us. Our Twitter handle is at forum. Comprehensive community welfare, safety program that PGN is talking about getting well all the utilities all the electrical utilities in the state have been required under a Bill passed by the legislature last year to file wildfire mitigation plans with the California Public utilities commission and the three. Big investor owned utilities PGA Southern California, Edison, and San Diego gas and electric have all filed those, those originally filed in, in February, and they've been refined, some sense than and the CPU see itself is supposed to give it sign off to those later this month. So yes, those plans involve everything from what the companies are calling situational awareness, creating weather, networks and other means of detecting wildfires early to what they call public safety power shut offs, which would be preemptively, cutting power. To certain communities in periods of extremely high fire danger. That's something by the way, that San Diego gas and electric started more than ten years ago and apparently has been very successful in heading off catastrophic fires of PG, any and Southern California, Edison did it last year for the first time and have promised expanded shutoff, six year if there's really dangerous conditions. Well, we have some blackouts through the summer. Well, that's, that's what could happen with these with these power shut off. So PG any had a very limited program last year. And they changed that in, in response largely to the circumstances around the campfire the transmission line that was involved. There is a hundred fifteen kilovolt wine called the caribou Palermo power line and. PG and he didn't turn it off even though there were red flag fire conditions and their weather stations in the area showed very gusty winds extremely low humidity and high temperatures and so they were classic very dangerous fire conditions, but PG, and he didn't turn off the lines. Why is policy was not to turn off these major transmission lines because it requires more coordination and infects the wider area now this year PG and E says all of its territory, all of its territory, five point four million customers that would include right here in the bay area could be affected by power shut off this year. Again, with us in studio, and Frank with Assan phones. Join us you're on the air. Good morning..

California Public utilities co San Diego Edison Twitter California Southern California Frank ten years six year
"california public utilities commission" Discussed on KQED Radio

KQED Radio

02:53 min | 2 years ago

"california public utilities commission" Discussed on KQED Radio

"Email forum at kick USD dot org, or go to our website and post any questions or comments there, you dot org slash forum or tweet us. Our Twitter handle is at forum. This is a comprehensive community wildfire safety program. The PGA is talking about getting well all the utilities all the electrical utilities in the state have been required under a Bill passed by the legislature last year to file wildfire mitigation plans with the California Public utilities commission and the three. Big investor owned utilities PGA Southern California, Edison, and San Diego gas and electric have all filed those, those were originally filed in, in February, and they've been refined some since then, and the CPU see itself is supposed to give it sign off to those later this month. So yes, those plans involve everything from what the companies are calling situational awareness, creating weather, networks and other means of detecting wildfires early to what they call public safety power shut offs, which would be preemptively, cutting power. To certain communities went in, in periods of extremely high fire danger. That's something by the way, that San Diego gas and electric started more than ten years ago and apparently has been very successful in heading off catastrophic fires of PG, any and Southern California Edison did it last year for the first time and have promised expanded shut offs this year if there's really dangerous conditions. Well, we may have some blackouts this summer. Well, that's, that's what could happen with these with these power shut off. So PG and he had a very limited program last year, and they changed that in, in response largely to the circumstances around the campfire the transmission line that was involved. There is a one hundred fifteen kilovolt line called the caribou Palermo power line and. PG and he didn't turn it off even though there were red flag fire conditions and their weather stations in the area showed, you know, very gusty winds extremely low humidity and high temperatures and so they were classic very dangerous fire conditions, but PG, and he didn't turn off the lines. Why is policy was not to turn off these major transmission lines because it requires more coordination and infects a wider area now this year PG and he says, all of its territory, all of its territory, five point four million customers, that would include right here in the bay area could be affected by power shut offs this year. Again, Becky with us in studio, and Frank with a son phones, fine. Join us you're on the air. Good morning..

California Public utilities co San Diego California Twitter USD Edison Becky Frank ten years
"california public utilities commission" Discussed on KQED Radio

KQED Radio

03:39 min | 2 years ago

"california public utilities commission" Discussed on KQED Radio

"Campfire lawsuits from the twenty seventeen wildfires, and it's January bankruptcy filing. Steven Weissman joins us to discuss what this profit loss might mean. For ratepayers. He's utility expert at UC Berkeley at a former administrative law judge at the California Public utilities commission. I guess first off probably no one is surprised that PG would have a drop in earnings. But did you expect this big of a drop? It was really good going to depend very much on what the company decided to set its. Priorities to -ccomplish, and and so one potential outcome was as we've seen that they actually have been taking some of the net revenue said available in the short run. And if used to try to get on top of its efforts to stiffen up the system to help prevent future welfare. So this is not not entirely surprising outcome. What do you think this might mean for electric rates, we pay? The letter is really don't have any particular direct impact on rates if the company was collecting a enormous amount of net revenue that might put downward pressure on rates. I think the company is indicating right now that it's spending money where it can it's trying to preserve. Some net earnings to help reassure investors. But it'll probably use this as further argument for why it should be granted the rate increases currently requesting. Do you think that there needs to be some fundamental changes? And and if so what do you think needs to become contemplated here where we're going to have a very big challenge with the wildfire costs. If we continue to have the types of losses that we suffered over the last two years money has to come from somewhere. It's gotta come from utility ratepayers shareholders or come form of higher insurance premiums higher taxes or uncovered losses if their people a future wildfires. There's a tremendous amount of economic liabilities state from I'm going wildfires. And so there's really no alternative no acceptable alternative to finding a way to reduce your city of wildfires. And what do you think of governor? Newsome's ideas, thus far he's right now working on thirty five projects across the state to mitigate wildfire risk with courage to see the the wildfire risk reduction strategy becoming a much higher budget priority for the state. These projects are all moving in the right direction. However, frankly, I don't think there enough. I think what we're going to need to have some kind of of standards established by the state and enforced by the state that apply to all people who manage property, whether it's local governments the state itself or private citizens standards. That will ensure that that everybody will be taking the steps they can take to reduce the intensity of what wildfire feeding fuels on their land. And if not face some liabilities from from having failed to do so. Okay. Thank you, so much pleasure. Steven Weissman is utility expert at UC Berkeley. And a former administrative law judge at the California Public utilities commission. And I'm Tara Siler KT news support for K Q E D comes from the corporation for public broadcasting and San Jose center for the performing arts presenting national geographic's symphony for our world,.

Steven Weissman California Public utilities co UC Berkeley Tara Siler KT Newsome San Jose two years
"california public utilities commission" Discussed on KDWN 720AM

KDWN 720AM

01:50 min | 2 years ago

"california public utilities commission" Discussed on KDWN 720AM

"PG nina. Other utilities were required. To file the wildfire prevention plans with the California Public utilities commission. Now, speaking PG a gas explosion in San Francisco shot a tower of flames into the sky and bird five buildings including one of the city's popular restaurants before firefighters brought that blaze under control. There were no injuries. Just amazing. Wednesday's explosion and fire sent panicked residents and workers in cities inner Richmond neighborhood into the streets at utility PG. And E Senate took more than two hours to shut off the gas because crews had the hand dig underground to turn it off. We have behind essay third alarm fire declared. Eighteen. Fire gas explosion. Believed to be. Well, here's these fiber optic for street. So what you see is open happiness. Trying to stop that gas leak time here we'd be declared evacuations and checked every building around the perimeter block radius. There's nothing. Within distance block radius. No injuries to report a right near the same. They're all president town for no interest at this time, still very active. The bathroom. Over the hill. Here you're coming home. I heard it much because he's in the bathroom heard more and more and more sirens. Check it out come here. Fifty foot flames fire trucks lining up. It's a little disheartening. The main runs under my story where my children they have. And if it gets like, this really sure how to turn it off PGN east.

California Public utilities co San Francisco E Senate Richmond president Fifty foot two hours
"california public utilities commission" Discussed on KQED Radio

KQED Radio

01:31 min | 2 years ago

"california public utilities commission" Discussed on KQED Radio

"To issue an order, and he's going to take things in his own hand. If he doesn't get the level of cooperation in the real substance to a plan at PG knee has okay. So what did PG knee half to say PG any lawyer Kevin or seen? He's the one. Who's representing the company in most of this wildfire litigation was basically arguing that the company is already doing a lot of what the judge has suggested. He would like to do really it agrees with most of what it's critic say wants to have happened. What's next for janey? Now. The judge held off on making any decision today about his proposed order one thing that came up today is that PG any and other electric utilities are going to have to submit wildfire. Mitigation plans to the California Public utilities commission next week. And that's one of the things that the judge wants to see in terms of giving him an idea of what he needs to do to address this question of wildfire risk. All right. Thank you, Dan. You're welcome. That was KiKi Dee's, Dan Brekke, and I'm Cam. Hi, Katie is. I'm Jeremy Hobson congresswoman Alexandria, Cossio Cortez is getting a lot of attention for her idea of a seventy percent top tax rate. But once you get to. The tip tops. On your ten million dollar. I sometimes you see tax rates as high as sixty or seventy percents. We'll ask economists Larry Summers about that and recession fears next time on here now. Here. And now begins.

PG Dan Brekke California Public utilities co Kevin Larry Summers janey Jeremy Hobson Cossio Cortez KiKi Dee Katie congresswoman Alexandria ten million dollar seventy percent
"california public utilities commission" Discussed on MarketFoolery

MarketFoolery

04:32 min | 2 years ago

"california public utilities commission" Discussed on MarketFoolery

"I think you're obviously, you're not happy with the past twelve months, and at this point, you're probably crossing your fingers, hoping okay? Can we now that we've learned the lesson of drastically overpaying? For media properties. Can we stick to our knitting? Can we ring whatever value there is? And I would say that there's some I don't know what the value is. But there's some value to the Sean tent there. But just please. Can we stick to our new day? We not do that anymore. Yeah. And so in subsequent news, Verizon files is just said that they've come to an agreement with Disney. Disney won't be blacked out on on fire. I believe that was nationwide, but it may have been on a property buy property basis either way that was going to be a fairly bad scene for both of the companies as well as I you know, as as well as for subscribers. So yeah, Verizon is is what it is. A it is a large, you know, behemoth company that has huge capital expenses that come up from time to time because networks require not just maintenance upgrading. We're gonna get to another mobile phone giant in a minute. But first, let's check in on the PG. Leonie saga the California utility filed for chapter eleven bankruptcy protection. Shares a PG e up seventeen percent when we walked in the studio. Am I supposed to put this on my watchlist? Now, we've talked before about how look this utility it can't just go away. Right. But. Right. You just assumed it was going to reappear in some form that maybe was completely removed from the public markets. Now, am I am. I now supposed to think. Oh, well, maybe there's not just a future for this utility. But a future for investing in this utility. Oh, yeah. Absolutely. So utilities. You're so weird. Like, if you if you produce a product, and it for example, catches on fire, and you get sued for it. And you don't have money to cover. It you go out of business in that fire producing product doesn't get produced anymore. You can't do that with utilities. You can't say, well, you know, electric city caused the electricity or the production of jersey caused these fires northern California companies going out of business. Let's just produce. No more electric St. northern California. There's your solution. What's going to happen? So there were fires in twenty seventeen. And there was and the California legislature, the California Public utilities commission. Excuse me, passed a ruling that allows the utilities to pass on the costs of the liabilities for such events onto rate holders. So. You know, good thing that they did too. Because you know, otherwise, we would have an enormous financial issue with with PG knee. So yes, it's going bankrupt. It has sufficient assets to cover its cash liabilities. It's going to come out of bankruptcy restructured. The equity will in all likelihood have some value. The bonds were trading at eighty five cents on the dollar earlier. I think that they will rally what you have now in this place is a plan. Are you interested? No, no. Because here's the thing. It is going to become much more expensive to produce electricity in this country for a couple of reasons one because the slightest changing, and we can argue over whether pre you know, what we can argue over global warming a little bit but utilities are having to respond, right? They're having to change their slate. The cheapest forms of energy coal net. Gas oil are being ramped down other forms are being ramped up. But also these types of liabilities are popping up a lot more as well. And you could say that it's because of climate change you could also say because it's a change in how people live the town called paradise. Which is where the fires were where the most damage was where the houses were destroyed was probably not something that really would have existed in the same form even forty years ago. It was largely a retirement community people as change vice style. Went up and lived in the woods. Right. And so no, I don't I don't find utilities to be very exciting investment because they will be boring until they are exciting in the exact wrong way..

California Verizon Disney California Public utilities co Leonie seventeen percent twelve months forty years
"california public utilities commission" Discussed on KCRW

KCRW

03:52 min | 2 years ago

"california public utilities commission" Discussed on KCRW

"One. This is the California report. Good morning, I'm lily dramatically, just after midnight PG knee filed for chapter eleven bankruptcy protection. The utility says it has no choice as it contends with at least thirty billion dollars in potential liability stemming from our state's recent wildfires. Joining me by phone is a former Commissioner with the California Public utilities commission, which oversees PG any Kathy Sandoval now teaches law at Santa Clara university. Good morning to you. Professor. Good morning. It's good to have you here. Why don't we begin with what in this? Filing surprised you most. Nothing that stands out. Most. Is it PG knee is not an solvent Jimmy says that it has seventy one billion in assets and fifty one billion in debt, and you usually don't see a company that has a twenty billion more in assets. And they do and filing for bankruptcy protection. And that's important because attorneys for wildfire victims the company's shareholders, they all say that being solvent means. There's no reason to file for bankruptcy, obviously, PG any management. They're board sees this differently. Why do you think that is why are they doing this? Says is that they have a cash problem. Right. So that while they have assets the that they they don't have enough cash flow. And in fact, that they say that things have gotten significantly worse than say warned of this filing on January fourteenth. And that now they only have approximately three hundred seventy eight million in cash with sounds like a lot of money, but they're saying with the money that is needed to operate low actress in gas utility that they're in a cash crunch, which is why they're arguing for bankruptcy to help them. Get alternate financing. And what does bankruptcy mean for wildfire victims and investors if you were someone filing a lawsuit are thinking about filing a lawsuit against PG any what does this mean for you? The following a federal bankruptcy creates an automatic state of litigation and so pitching me. Has argued that the automatic stay go into place, which would stay the convention in possession of other litigation. That would seek to encourage damages from teaching me such as education from wildfire victims or other victims who are seeking payments from teaching that so basically halts lawsuits for now what comes next year. So we're going to see. And SOX pitching eight has asked for more time to provide more detailed filings and putting more detail about their dot. And why they think they're for bankruptcy. We didn't see in the styling much detail at all about their protected that associated with the wildfires. So we'll see that. We haven't seen any proposal about. How would we organized under chapter of it and part of the purpose of chapter eleven which we organize together. Professor sandoval. Thank you so much. Thank you. Kathy Sandoval is a professor of the law. It's Clara university yesterday state. Utility regulators voted to let PG knee obtained credit and loans while it is in chapter eleven bankruptcy. California Public utilities commission chair Michael picker hat to ask fellow commissioners to declare an emergency to hold a last minute meeting. The move did not go. Go over well with a few dozen people who were able to attend on short notice the clerk,.

Professor sandoval PG California Professor California Public utilities co Jimmy Santa Clara university SOX Clara university Commissioner Michael picker thirty billion dollars
"california public utilities commission" Discussed on KQED Radio

KQED Radio

03:52 min | 2 years ago

"california public utilities commission" Discussed on KQED Radio

"This is the California report. Good morning, I'm lily dramatically, just after midnight PG filed for chapter eleven bankruptcy protection. The utility says it has no choice as it contends with at least thirty billion dollars in potential liability stemming from our states. Recent wildfires. Joining me by phone is a former Commissioner with the California Public utilities commission, which oversees PG any Kathy Sandoval now teaches law at Santa Clara university. Good morning to you, professor at morning. Really? Thank you so much for having. It's good to have you here. Why don't we begin with what in this? Filing surprised you most. I think the thing that stands out. Most is it PG knee is not insolvent PG says that it has seventy one billion in assets and fifty one billion in debt. And usually don't see a company that has a twenty billion more in assets and debts filing for bankruptcy protection. And that's important because attorneys for wildfire victims the company's shareholders, they all say that being solvent means. There's no reason to file for bankruptcy, obviously, PG any management. They're board sees this differently. Why do you think that is why are they doing this? Says is that they have a cash problem. Right. So that while they have assets that that they they don't have enough cash flow. And in fact, that they said that things have gotten significantly worse than they warned of this filing on January fourteenth. And that now they only have approximately three hundred seventy million in Alfred in cash with sounds like a lot of money, but they're saying with the the amount of money that is needed to operate in gas utility that they're in a cash crunch, which is why they're arguing for bankruptcy to help them. Get alternate financing. And what does bankruptcy mean for wildfire victims and investors if you were someone filing a lawsuit are thinking about filing a lawsuit against PG any what does this mean for you? The filing a federal bankruptcy. Creates an automatic stay of education. And so pitching has argued that the automatic stay. She's go into place, which would stay the convention in possession of other litigation that would seek to encourage damages from any such as location from wildfire victims or others who are seeking payment term teaching has that so basically halts lawsuits for now what comes next year. So we're going to see more Farley's for paging me. In fact, page eight has asked for more time to provide more detailed filings and putting more detail about their dad and why they think they're eligible for bankruptcy. We didn't see in the styling much detail at all about their protected that associated with the wildfires. So we'll see that. We also haven't seen any proposal about. How would we organized under chapter of it and part of the purpose of South Carolina. We organized together professor at Sandoval. Thank you so much. Thank you. Kathy Sandoval is a professor of the law. It's Clara university yesterday state. Utility regulators voted to let PG knee obtain credit and loans while it is in chapter eleven bankruptcy. California Public utilities commission chair Michael picker had to ask fellow commissioners to declare an emergency to hold a last minute meeting. The move did not go over well with a few dozen people who were able to attend on short notice the clothes. Oh, please..

PG Kathy Sandoval professor California California Public utilities co Santa Clara university Clara university Commissioner Michael picker Farley South Carolina Alfred thirty billion dollars
"california public utilities commission" Discussed on KDWN 720AM

KDWN 720AM

01:55 min | 2 years ago

"california public utilities commission" Discussed on KDWN 720AM

"One other matter we had a very strong tough budget. Coming out to hold down. Spending presents talked about this at least five percent reduction in the non-defense accounts across the board. And I think that's going to help. And then finally my own very has always been. Economic growth is absolutely essential to reducing the deficit share a GDP, which is the burden on the economy. And if you look at our numbers, which are moving somewhat, but not enormously we anticipated a much lower deficit share of GDP. Meanwhile, partial government shutdowns possible again next month. That's when funding for many agencies runs out February fifteenth under these short term deal reached Friday, the National Transportation Safety board says the government shutdown update from sending investigators to twenty two accidents involving thirty deaths. The agency says it will now begin those probes. But evidence may have been lost that could prevent finding a cause. And of course, the TSP determines the cause of transportation accidents and makes recommendations to prevent them. It had to furlough three hundred sixty seven of three hundred ninety seven employees of the accidents included fifteen involving aircraft that caused twenty one deaths. Two on railroads, resulting in two deaths and to highway crashes one of which killed seven people. The NTSB said it couldn't evaluate six other accidents to figure out if it should send investigators at the crash that killed seven people occurred. January third on I seventy five near Gainesville, Florida. California regulators have approved a measure allowing the nation's largest utility Pacific Gas and electric to immediately obtain credit and loans while the companies under chapter eleven bankruptcy protection. The California Public utilities commission approved the motion data rockets last minute meeting Monday over the chance of protesters yelling. Shame on.

California Public utilities co National Transportation Safety NTSB Gainesville Pacific Gas California Florida five percent
"california public utilities commission" Discussed on KMJ NOW

KMJ NOW

01:35 min | 2 years ago

"california public utilities commission" Discussed on KMJ NOW

"Situation they have now soldiers are under pressure. I'll tell you about that. When we come back. We get back on the military situation. And then we'll talk about the world save to the UK and being led by one Gardo. Don't give the gold all the gold is the UK most of the gold that Venezuela has and nNcholas Maduro is saying I want the golden I want the gold now and the world is saying don't do it. It's all coming up after news update on cable J list hurt. I swear. Cares. A knee are slipping today. Erasing gains as much as twenty percent of the California Public utilities commission said it's holding an emergency commission meeting this afternoon. One day ahead of when the utility could file for bankruptcy amid mounting liabilities. Over the recent campfire overall Wall Street began the week in red correspondent Steve Kastenbaum has more. The Dow Jones industrial average lost more than three hundred and fifty points within minutes of the opening bell stock prices are once again being dragged down by the slowing economy in China Construction equipment maker Caterpillar lowered its forecast for earnings in twenty nineteen chipmaker video issued an alert to its stockholders that earnings for the fourth quarter of two thousand eighteen would fall short of expectations. And over to Wall Street, the Dow currently two hundred eighty three points off it's eleven thirty one at KM J valley weather right now, mostly cloudy, fifty five at Radio City, sunny and mild though this afternoon, a high of sixty five we'll see some dense fog late..

UK California Public utilities co Steve Kastenbaum Maduro Caterpillar China Construction Venezuela twenty percent One day
"california public utilities commission" Discussed on Knowledge@Wharton

Knowledge@Wharton

03:09 min | 3 years ago

"california public utilities commission" Discussed on Knowledge@Wharton

"So how'd you mentioned the insurance industry? And I find it interesting that this is something that obviously is is tacking on hundreds of millions of dollars of cost onto the insurance industry every year at this point. And they are in what you have told me in the past. They are the ones that end up paying out the cost of this. Because of the fact that these are like fires like any fire. A homeowner would have to deal with whether it would be something that occurred in the oven that you know, that spurred a fire. Are of some kind. Well, it is certainly true as you said, Dan that homeowners policies if you have a an insurance policy as most homeowners do if they have a mortgage will cover fire from any source in wildfires or part of that. Here's a challenge, I think not only for the insurance industry, but for the utilities as well. The insurance will have to pay for the losses to the houses that they've insured not necessarily to any other house, but certainly to their to their residents, but they may also then find themselves in a position where they feel maybe they shouldn't be paying that. And they have the opportunity to use a technical term to subrogate to say we're going to ask the utilities to pay for this because they may be the cause of the fire in the first place. And so there's a very interesting challenge here between insurers and utilities in terms of who should be paying at the end of the day. California has. A law and Keith can comment on this as well on inverse condemnation that says it if if you can show that the utilize have caused the fire then then they may be the ones who have to be responsible for paying at the end of the day. And that is an interesting issue, and I'll just raise one last point on that the utilities may still have to pay even if they followed all the regulations and standards. But let's say a tree is blown down and destroys power line. The has been meant meeting all these standards may still be responsible in California because of this law. So there are some interesting issues a warden center spending some time looking at them, but I'll just put them on the table for Keats possibly comment or you may wanna pursue this in some other direction. I mean, if memory serves me last year, one of the fires that occurred out in California. There was a question of whether or not that was the responsibility of utility. Because from what I understand did not start with a power line. Correct. Actually utilities have been the cause of a number of large. Fires and a fair number of the ones we had in our firestorm last year. Trace back to utilities, I think the. The interesting thing about our inverse condemnation, which is an unusual procedure as Howard says, even if you're in compliance with the directives on vegetation clearance that come out from the California Public utilities commission or from the board of forestry and fire protection..

California Public utilities co California Keats Dan Keith Howard
"california public utilities commission" Discussed on TechStuff

TechStuff

02:02 min | 3 years ago

"california public utilities commission" Discussed on TechStuff

"That could ultimately render that population moute uber had been one of the more aggressive companies pursuing an autonomous car future many in the field give conservative estimates as to win will have a truly autonomous vehicle fleet something that is able to handle virtually any scenario that can happen on the roads meanwhile uber has lodged pilot programmes or maybe i should say pilotless programs in a few cities to provide driverless car service to test out the feasibility of the strategy when we get the 2017 and a little bit later in this episode i'll talk more about this program and some of the concerns people had about it the other major news story happening teuber in 2015 had to do with the driver named barbara and berwick now berwick had started driving for uber in the summer of 2014 and that fall she filed a claim with the california public utilities commission arguing that her status as contractor wasn't accurate and that she should instead be considered an uber employee being an employee meant she would receive more benefits such as reimbursements to the tune of about four thousand dollars of haute expenses the cp you see eventually ruled in her favour saying she was in fact an employee since that set a precedent at uber and completely would turn their business model topsyturvy the company immediately filed an appeal now berlex case did not mean that all other uber drivers in california magically transformed into employees they would have to take their cases individually to the cp cpu see to argue for that designation but a group of them did get together to file a class action lawsuit against uber to make it a more broad sweeping change and over has been fighting that court case and it kinda stagnated in the court system the plaintiffs filed a new updated lawsuit in the summer of 2017 and that.

barbara california public utilities co california four thousand dollars