
Weekly Energy Digest for June 11, 2020
Some energy-related news stories we’ve been reading this week …
California
PG&E Names 11 New Board Members as Part of Bankruptcy Overhaul
The San Francisco parent of Pacific Gas and Electric Co. said six of the new directors are from California, in keeping with the desires of state officials. PG&E agreed to “substantial modifications” to its board in a bankruptcy deal with Gov. Gavin Newsom this year. (San Francisco Chronicle, June 11)
PG&E’s Oakland Move Could Break Records with $892 Million Purchase Option
PG&E Corp.’s move from San Francisco to Oakland could shatter real estate records as the utility considers the potential $892 million purchase of its new headquarters building. (San Francisco Chronicle, June 10)
PG&E will relocate to Oakland after more than 100 years in San Francisco
PG&E Corp. plans to sell its San Francisco headquarters and move to Oakland in the coming years, a cost-saving effort that will see California’s largest utility leave the city where it has been based for more than a century. (San Jose Mercury, June 9)
SoCalGas Ramps up Use of Aliso Canyon, Site of Worst Gas Leak in U.S. History
While campaigning for governor, Gavin Newsom said he was committed to shutting down the Aliso Canyon storage field, the site of a record-setting methane blowout that spewed heat-trapping gases into the atmosphere and sickened nearby residents. But Southern California Gas Co.’s use of Aliso Canyon to provide natural gas to its customers has only grown during Newsom’s tenure, a new analysis finds. (Los Angeles Times, June 9)