Southern California Edison is facing more than $500 million in state penalties and disallowances for its role in five Southern California wildfires in the company’s territory in 2017 and 2018, including the massive Thomas Fire in Ventura and Santa Barbara counties. On Dec. 16, the California Public Utilities Commission announced it approved penalties and permanent Read More →
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Betting on Pacific Gas & Electric to get big things right has proven to be a risky gamble. From deadly natural gas explosions to massive fires caused by faulty power lines to rolling blackouts, PG&E has more often gotten the big things wrong. Which is why a recent study about the future of the Diablo Read More →
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Westlake Village-based Energy Vault disclosed details of its financial performance for the first time in an Oct. 18 filing with the U.S. Securities and Exchange Commission, filed in advance of its public stock offering and its pending merger with a special purpose acquisition company. Energy Vault, a green energy storage company, agreed to go public Read More →