Report: PG&E considers breaking up company to avoid wildfire liability; EPA proposes to freeze auto emission standards, revoke California EV rules; Efficiency advocates fear Trump administration may try to roll back light bulb standards; Recent heat wave provides stress test for US renewables integration
The company and its utility subsidiary have been highly critical of California laws that allow for wildfire liability even if standards and regulations are met, warning of the threat of bankruptcy and reorganization.
The move could be met with opposition from utilities, which support pro-EV policies, but the EPA administrator said he is open to compromise with California.
CAISO last week called for conservation as a heat wave spiked electricity use. Like other areas of the country, the lights stayed on but also revealed weaknesses in the electric grid.
The company had warned regulators that its Millstone nuclear plant was at risk of shuttering after the state's Department of Energy and Environmental Protection's original RFP wouldn't have allowed it to bid until 2023.
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