Want to know if California can make zero emissions by 2045? Here's what to watch; Senators launch bipartisan initiative on long term solutions to expiring energy tax credits; NRG Energy advances retail expansion with $300M Stream Energy acquisition; SCE rolls out $356M charging program to spur electric trucks, buses and other large vehicles
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The settlement over the purchase of a 720 MW natural gas plant was reached before the utility released its 2034 draft resource plan to stakeholders, which includes extending its nuclear operating contract through 2040.
To reach a zero emissions economy, California needs to eliminate natural gas by regionalizing the Western grid and coordinating local and state system planning.
Finance Committee task forces are expected to produce options by the end of June that can be enacted this year "to end the annual extenders drama," Chairman Chuck Grassley said.
The all-cash deal will add more than 600,000 residential customers to NRG's service and help the company grow market share in Texas, Pennsylvania and other areas.
Southern California Edison's Charge Ready Transport program is aiming to install charging infrastructure at almost 900 commercial customer sites in the next five years, to support 8,490 electric vehicles.
Other automakers such as Nissan, Hyundai and BMW have also inked deals with energy companies to utilize EV batteries with useful capacity that no longer work in vehicles.
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