Morning Consult Energy: Blackouts for Wildfire Prevention Could Affect 8% of California’s Population

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  • Almost 8 percent of California’s population could ultimately be impacted by wildfire prevention power shutoffs this week, after PG&E Corp. said yesterday that it started a second string of blackouts to affect 243,000 more customers and utility Edison International also began cutting power to some residents. PG&E already restored electricity to about 50,000 customers and expected to add 30,000 to that by this morning, but blackouts could last into next week as transmission line inspections continue. (Bloomberg)
  • Judge Dennis Montali of the U.S. Bankruptcy Court in San Francisco ruled to allow a rival bankruptcy plan for PG&E led by Elliott Management Corp. and other bondholders to move forward in tandem with the utility’s own plan in the chapter 11 proceedings. The bondholders’ plan, formed in alliance with wildfire victims, would raise funds and use most of PG&E equity to finance debt payments — a plan the utility said “would unjustly enrich Elliott and the other ad hoc bondholders.” (The Wall Street Journal)
  • The Organization of the Petroleum Exporting Countries projects global oil demand to increase by 980,000 barrels per day this year, a drop of 4,000 bpd from OPEC’s previous oil market report in September. OPEC said it still expects 2020 demand growth to stand at 1.08 million bpd, but the group decreased its forecast for non-OPEC supply growth by 160,000 bpd to 1.82 million bpd. (MarketWatch)

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Events Calendar (All Times Local)

FERC Commissioner Richard Glick Keynotes at American Wind Energy Association Wind Energy Finance & Investment Conference 2019
Getting to Zero Forum
Smart Cities Connect Fall Conference and Expo
ReedSmith 5th Annual Energy and Commodities Conference 7:30 am
E2 Event on Foreseeing Our Climate Future: What Will It Take to Limit the Damage 11:30 am
E2 Hosts an Evening with Congressman Scott Peters: The Climate Playbook & Opposition to Expanded Offshore Drilling 6:00 pm
Getting to Zero Forum
FERC Commissioner Richard Glick Keynotes at American Wind Energy Association Wind Energy Finance & Investment Conference 2019
Global Ethanol Summit
Global Ethanol Summit
Global Ethanol Summit
NAWEA/WindTech 2019 Conference
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As more than half a million customers in this area lost power Wednesday amid a series of planned outages aimed at thwarting wildfires, Tesla owners were confronted with another troubling possibility: their cars running out of juice.


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The Regional Greenhouse Gas Initiative

Proceeds from the Regional Greenhouse Gas Initiative (RGGI) have powered a major investment in the energy future of the New England and Mid-Atlantic states. This report reviews the benefits of programs funded in 2017 by $315.6 million in RGGI investments, which have reduced harmful carbon dioxide (CO2) pollution while spurring local economic growth. The lifetime effects of these RGGI investments are projected to save 22.6 million MMBtu of fossil fuel energy and 13.9 million MWh of electricity, avoiding the release of 8.3 million short tons of carbon pollution. 

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