How recent events could prove a harbinger of winters to come.
New England turns to fuel oil for the coming winter.
Citing changes in the regional electric market related to the mandated addition of renewable generating facilities, and alluding to such other factors as tightened water resource regulations and the possibility of merchant power plant shut-downs, the California Public Utilities Commission has approved an interim “flexible capacity” framework as a further component of its annual Resource Adequacy (RA) requirements process.
Portfolio planning in the age of gas.
PUCs are concerned that a rapid shutdown of coal-fired plants will start a full-tilt dash to gas—similar to the one that caused bankruptcies among independent power producers in the late 1990s and early 2000s. But this time around, ratepayers and not IPP investors will be stuck with the risk, if utilities rush to add all that new gas-fired capacity to rate base.