California’s power regulator could face a shake-up that could lead to sweeping changes for PG&E and other utilities. It follows the California Public Utilities Commission coming under criticism for failing to properly enforce a 2016 law requiring electric utility companies to have a wildfire action plan.
Gov. Gavin Newsom hinted about possible change coming to the CPUC during a meeting last week in Sacramento, The Wall Street Journal reported Monday. It said the governor met with a group of state lawmakers and analysts from S&P Global Ratings.
According to the Journal, the governor is weighing “overhauling” the commission, including making a management change, as the state prepares for the upcoming wildfire season. Newsom’s office and the CPUC didn’t respond to a request for comment.
“The utilities in California are probably due for a pretty massive overhaul anyways,” said Brian Curtis, CEO of Concentric Power, a California-based energy technology firm. “It’s