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View Full Version : 2010 or 2011 for PG$E to open up work



scratchpad
01-04-2010, 01:18 PM
sources had been indicating that 2010 was the year but according to this source it appears as if they may hold off another year. any PG&E lineman in the know????

http://www.bakersfield.com/news/business/economy/x113237898/Maintenance-costs-force-PG-E-bills-up

Local residential customers of Pacific Gas and Electric Co. will see higher electric bills in 2010, and may soon be paying as much as $8.03 more per month, on average -- ironically, because of declining power consumption statewide.

Separately, the company asked for permission Monday to charge California ratepayers an additional $1 billion a year starting in 2011 to cover systemwide maintenance and upgrades. If approved, the request would raise the average Bakersfield customer's bill by as much as $17.44 a month on top of the other rate adjustment.

The smaller increase, related to overall decreasing power usage, was approved last week by the state Public Utilities Commission, and it reflects PG&E's need to spread fixed costs over a smaller billing base. It is set to take effect Jan. 1, though the actual impact on ratepayers could be greater or smaller depending on fresh market data expected to arrive next week.

The proposed larger increase is part of a routine review that takes place every three years. Commission hearings on the matter are expected to take place statewide before a final vote by the commission late next year.

Bakersfield would be hit particularly hard by either rate increase because of the city's high average rate of electricity consumption -- an average of 850 kilowatt hours versus 550 systemwide, Eisenhauer said. Also, California's tiered rate structure means that customers who use more electricity pay more per unit, as a way of encouraging conservation.

PG&E said it needs the $1 billion -- which would represent an annual budget increase of 17.5 percent -- to ensure safe and reliable service by fixing or improving things like its gas pipelines and electrical wiring.

"Much of our gas and electric systems have reached the end of their useful life," PG&E spokesman David Eisenhauer said Tuesday. He added that company profits are built into the $1 billion figure, though he said he was unaware how much of it would go to shareholders.

Eisenhauer noted that any actual rate increase approved by the commission could be lower than the $17.44 a month Bakersfield estimate because fuel procurement costs are declining. Those lower costs could lessen the total impact of the rate change on customers.

A leading consumer advocate group plans to oppose the larger rate increase.

"The problem here is that we're in a recession. Customers are tightening their belts and PG&E wants to live high off the hog regardless," said Mindy Spatt, spokeswoman for The Utility Reform Network, or TURN. She added that utilities tend to "pad" such requests, and that her group will examine the company's proposal carefully.

"There's plenty of fat that they could trim if they needed to," she said.

Eisenhauer pointed out that PG&E's proposed system improvements would create jobs.

"There's a benefit when we invest in the infrastructure," he said. "There's job creation."

PG&E rates have generally followed inflation trends, increasing an average of 2.1 percent a year since 1991, Eisenhauer said.

electric squirrel
01-04-2010, 05:27 PM
I'll believe it when I see it Scratch!!!! I HOPE it does break, the "Northern Mafia" needs a little something up here!
If it don't shake loose it looks like Edison will be the game to play!
You know the saying don't you? E.S.:cool:

topgroove
01-04-2010, 06:48 PM
like I was saying in another thread, unless the government starts releasing some of the stimulis money our way, things are gonna be tight in 2010. Not sure if people realize this but we don't make much revenue from residential services. the real cash comes from industrial customers. with manufacturing down to record lows money is kinda tight. deregulation changed the way utilities plan capital expences. we use to have to spend money because the government regulated how much profit we could earn in a fiscal year. now coming off six straight dissapointing quarters utilities are NOT looking to spend a boatload of cash. when updates have to be made they cry poverty and run to the PSC for a rate increase. aint deregulation great. who the hell benifited from it besides the CEO's and shareholders?

topgroove
01-04-2010, 09:12 PM
Fitch: U.S. Utility Outlook Stable While Gencos Stay Negative





Press Release Source: Fitch Ratings On Monday December 7, 2009, 12:03 pm EST
NEW YORK--(BUSINESS WIRE)--Fitch Ratings expects a stable credit outlook for U.S. electric and gas utilities in 2010, supported by expectations for a modest recovery in the U.S. economy and relatively low costs of fuel, power and gas, according to the special report 'U.S. Utilities, Power and Gas 2010 Outlook'. Fitch says the 2010 credit environment for competitive power generators, on the other hand, is negative due to a combination of excess power reserves in U.S. markets, slow recovery of power demand lost in 2009, and the still uncertain shape of future climate change laws and regulations.
'Despite the stable outlook for 2010, over the next few years electric utilities, both investor-owned and those in the public power sector, will face some challenges, including the consequences of funding high capital expenditures, the costs of complying with climate change laws and regulations that are still unknown,' said Ellen Lapson, Managing Director at Fitch.
According to the report, the longer-term outlook for local gas distribution utilities, by comparison, is more stable, due to strong natural gas supply and lower demands for capital spending compared with the electric utility group. Favorably, continued good access to debt and equity capital markets is expected for companies in the power and gas sector, along with gradual improvement in bank market conditions.
Low Prices Will Persist:
Fitch expects that market prices for natural gas and electric power and capacity will remain in a low band. Relatively low prices of gas and power are beneficial or neutral for most electric and gas utilities, but unfavorable for the majority of the competitive power generators. The relatively low gas price forecast for 2010-2011 is expected to combine with high electric capacity reserve margins to keep electric power and capacity prices in a moderately low range in 2010 compared with the prices that prevailed in 2007 through mid-2008. Increasing output of renewable resources (primarily wind) over the next several years will also play a role in reducing round-the-clock energy prices and market clearing heat rates, especially in the Midwest and Plains and Texas. Finally, new electric transmission facilities in the northeast and Texas over the next five years will begin to lower electricity prices in congested zones and raise prices outside the congestion zones.
Capital Spending and Renewables Lead Rising Costs:
Fitch forecasts that capex in the sector in 2010 will remain well in excess of internal cash sources and will require external financing, including raising equity capital.
Due to heavy investments in new facilities to enhance the reliability of utility networks, utilize more renewable energy sources at above-average costs, and improve environmental attributes, electric and gas utilities are in a long-term cycle of rising unit costs, requiring frequent base rate increases to maintain stable financial results. While Fitch expects that most utilities will achieve reasonable regulatory outcomes, their dependence on rate increases exposes utilities to potential resistance from regulators, state politicians, and consumers/voters. In the case of public power utilities, there appears to be a lagging ripple-effect from the economic downturn that is working its way through local governments and creating pressure on public power utility systems to hold down rates or boost transfers from the utility system to replace lower tax revenues and to fund the growing local government pension obligations. If unchecked, this trend could limit public power utilities' liquidity and credit protection.
State renewable portfolio standards are expected to increase cost pressures on electric utilities, both the investor-owned and public power utilities. Furthermore, Fitch's outlook contemplates the passage within two years of national laws limiting greenhouse gas (GHG) emissions and possibly a national renewable portfolio standard, as well as more stringent U.S. Environmental Protection Agency regulations on other emissions. This will have little effect on cash flow in 2010, but longer-term consequences for many competitive power generators are unfavorable, especially for owners of coal-fired generation, and it will add to future cost pressures for integrated electric utilities and their consumers.
The Outlook for Mergers and Acquisitions (M&A):
Fitch expects limited M&A activity in the near term given uncertainties that remain around economic recovery, commodity prices, state regulatory responses, and carbon legislation, combined with the high costs of bank financing and relatively low equity valuations. Fitch expects companies in this sector to focus on organic growth and take advantage of the attractive incentives for renewables and transmission development. As demands on capital increase and companies face the necessity of issuing equity, companies are likely to divest non-core assets, including businesses that are collateral intensive.
As unregulated generators seek to diversify their portfolios and acquire renewable assets, partnerships will develop between traditional utility companies and the new generation clean technology companies to exploit relative strengths. Finally, a weaker dollar could spur cross-border asset acquisitions by foreign buyers or joint venture investments with foreign participants.
Fitch's report, 'U.S. Utilities Power and Gas 2010 Outlook' dated Dec. 4, 2009, is accompanied by a companion report, 'Pipeline/Midstream/MLP 2009 Outlook: Time for Cautious Optimism' dated Dec. 3, 2009.
Additional information is available at 'www.fitchratings.com (http://us.lrd.yahoo.com/_ylt=AofZvwveaO_C2iILKYJGFHXjba9_;_ylu=X3oDMTE2cGc 1Z3JvBHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDd3d3Zml0Y 2hyYXRp/SIG=16fo892k9/**http%3A//cts.businesswire.com/ct/CT%3Fid=smartlink%26url=http%253A%252F%252Fwww.fit chratings.com%26esheet=6115196%26lan=en_US%26ancho r=www.fitchratings.com%26index=1%26md5=702ec4f22b1 bda37a66f251bb6e16fbf)'.

scratchpad
01-05-2010, 12:52 AM
yeah E.S. i heard that. looks like i'll be in socal for most of my apprenticeship the way these sources are reading to me. i have no say in the game anyway, being an ape.

what saying?

if ya cant beat em, join em!?:D

electric squirrel
01-05-2010, 12:27 PM
My Ass Is RED...
My Pocket's Are GREEN...
F**k Pg&e and their big electric making machine!!!!!!!
E.S.:cool:

west coast hand
01-06-2010, 11:42 AM
My Ass Is RED...
My Pocket's Are GREEN...
F**k Pg&e and their big electric making machine!!!!!!!
E.S.:cool:Heard that,I hope it breaks getting tired of socal you would think it would break they didn't have any work last year hopefully it's different this year

barehander
01-06-2010, 12:21 PM
My Ass Is RED...
My Pocket's Are GREEN...
F**k Pg&e and their big electric making machine!!!!!!!
E.S.:cool:
You've peeked my curiosity......
What do you have against PG&E?
Just askin....

electric squirrel
01-06-2010, 04:30 PM
Nutt'n , nutt'n at all BH. Just a little rhyme us "outside" guys got!
Would REALLY like a spot on the transmission crew with you!!!
Or a sweet little division gig up around Red Bluff !!!!! E.S.:cool:

scratchpad
01-06-2010, 10:29 PM
http://www.ibew1245.com/news-items/Outside_Report_1-4-10.htm

looks like transmission and substation, no pole replacement.


anyone care to explain the National Storm Agreement that the IO negotiated w/o our involvement.

topgroove
01-07-2010, 12:09 AM
I don't think the international has to consult the locals .

electric squirrel
01-07-2010, 12:46 AM
That means if you are working for PAR or H&M or whoever in Cali, a storm comes in Texas,and you leave your local, you will make the wages of that local you have now traveled to!!! In other words you got bent over and didn't even know it!!!!Good Luck to ya! E.S.:cool:

topgroove
01-07-2010, 12:57 AM
look at the bright side what you loose in overtime pay you make up for in more storm oppertunities. At double time $80.00 bucks an hour plus meals and per deim we've priced ourselves completely out of foriegn utility storm work here at Grid.