The California Public Utilities Commission (CPUC) imposed the largest penalty it has ever assessed by ordering Pacific Gas and Electric (PG&E) shareholders to pay $1.6 billion for the unsafe operation of its gas transmission system, including the pipeline rupture in San Bruno, Calif., in 2010.
Evidence, findings and raison d’etre.
The benefits don’t nearly justify the costs, and may even provoke unintended adverse consequences.
New England’s proposed capacity market reform would force generators to ‘Be There or Else.’
Facing worries about resource adequacy, ISO New England proposes changes that would penalize generators that fail to perform when needed -- for any reason. Market players say it can only work if the system operator allows for reasonable exceptions.