The California Independent System Operator (ISO) and the Mexican electric system operator, El Centro Nacional de Control de Energía (CENACE), announced that CENACE has agreed to explore participation by its Baja California Norte grid in the Energy Imbalance Market.
The real-time market enables participating utilities to shift supplies of electric power from areas of surplus capacity, especially power generated by renewable sources, to areas experiencing high demand.
Phoenix-based Arizona Public Service (APS) and Puget Sound Energy (PSE) of Washington State began full participation in the western Energy Imbalance Market (EIM) on October 1.
The EIM is a real-time wholesale power market managed by the California Independent System Operator (ISO) that enables participating utilities to buy low-cost energy available across eight western states.
Los Angeles Mayor Eric Garcetti has appointed Uduak-Joe Ntuk as the city’s first-ever oil administrator to regulate the safety of oil operations in the city.
He will begin serving in the $133,500-per-year post in October, heading a new Office of Petroleum and Natural Gas Administration and Safety within the City’s Board of Public Works.
Ntuk, 37, is a petroleum engineering official for the city of Long Beach, and formerly was an engineer with Chevron Corp.
Natural gas supplies this winter should be adequate for the needs of Southern California residents and businesses, despite earlier fears about shortages resulting from the shutdown of operations at the SoCalGas Aliso Canyon storage facility.
That’s the conclusion of a 41-page report prepared jointly by the California Public Utilities Commission, the California Energy Commission, the California Independent System Operator, the Los Angeles Department of Water and Power, and Southern California Gas Co.
A federal jury found Pacific Gas & Electric Co. guilty of violations of pipeline safety regulations that led to the 2010 explosion of a natural gas pipeline in San Bruno which caused eight deaths and destroyed 38 homes.
California’s largest utility faces potential fines of $3 million. While the jury was deliberating, prosecutors decided not to pursue potential fines of up to $562 million. PG&E was previously fined a record $1.6 billion by the state’s Public Utilities Commission.
San Ramon-based Chevron Corporation (NYSE: CVX) reported a loss of $1.5 billion, or 78 cents per share, for the second quarter of fiscal 2016, compared with earnings of $571 million, or 30 cents per share, for the same period in 2015.
The company also declared a quarterly dividend of $1.07 per share, payable Sept. 12, to holders of record as of Aug. 19.