California Renewables to Lose PG&E $$$

Science Matters

The investigation continues into the origin of the Camp fire, which some say started with a faulty PG&E wire in Pulga, California. (Carolyn Cole / Los Angeles Times / TNS)

Sammy Roth of LA Times digs deeper than others into the fallout from PG&E’s wildfire-induced bankrupcy. The article published in The Seattle Times is PG&E bankruptcy could undermine utilities’ efforts against climate change. Excerpts below with my bolds.

Solar and wind developers depend on creditworthy utilities to buy electricity from their projects under long-term contracts, but that calculus changes in a world where a 30-year purchase agreement doesn’t guarantee 30 years of payments.

The Golden State has dramatically reduced planet-warming emissions from the electricity sector, largely by requiring utilities to increase their use of solar and wind power and fund energy-efficiency upgrades for homes and businesses. Lawmakers recently set a target of 100 percent climate-friendly electricity by 2045.

But those…

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