Big news from PG&E in time for my Grid Investment Strategies panel later today at T&D Live in Orlando.
From the press release:
PG&E is reviewing all available options to determine how the Company can best be organized and financed to attract the affordable investments needed to deliver the safe, reliable and affordable energy California customers deserve
To help keep customer costs down, PG&E plans to defer approximately $2 billion of work in 2027, reducing the need for higher-cost borrowing while maintaining critical safety investments and compliance obligations
Next week, I will be at PG&E to moderate the plenary panel with PG&E, APS, CMS Energy and Xcel Energy at the West Coast Utility Best Practice Symposium.
Our topic? Uncertainty in electric and gas grid investments….timely to be sure.
