NV Energy, Xcel, PG&E, Sempra and Edison International rank the highest for renewable energy sales, with renewable resources accounting for nearly 17 to 21 percent of their retail electricity sales in 2012, according to a report from Ceres and Clean Edge that ranks the US’ largest electric utilities and their ... Read more »
Edison International has purchased Chicago-based SoCore Energy, a distributed solar developer focused on commercial rooftop installations. Financial details of the transaction were not disclosed. SoCore Energy will become a wholly owned indirect subsidiary of Edison International, and SoCore Energy’s management team, employees and operations will continue to be based in ... Read more »
The California power grid avoided problems earlier this week despite a heat wave and a nuclear plant outage. The state’s biggest nuclear plant, PG&E’s 1,122- MW Diablo Canyon Power Plant (pictured), shut down on June 27 before the heat wave started, resuming activity just prior to peak load on July ... Read more »
Utility Southern California Edison has decided to permanently retire its San Onofre Nuclear Generating Station. Units 2 and 3 of the plant, which is also known by the abbreviation SONGS, have been shut down since January 2012. Unit 1 was retired in 1992. Unit 2 was taken out of service ... Read more »
Only 37 percent of the world’s largest companies report their greenhouse gas emissions fully and correctly, according to research from the Environmental Investment Organisation. The Environmental Tracking Carbon Rankings, which examines the GHG emissions and transparency of the 800 largest companies globally, shows only 21 percent had their data externally ... Read more »
California’s next carbon auction, on February 19, will offer 12,924,822 current vintage allowances – a little over half as many as were offered in the last auction in November – with a reserve price set 71 cents higher, at $10.71 per metric ton. The price increase is in line with ... Read more »
California sold all of the carbon permits in its first auction in part due to an administrative error by Edison International that caused the company to bid for twice as many allowances as were for sale, Bloomberg reports. Edison, which owns the state’s second-largest power utility, submitted its bid proposal ... Read more »
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