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Stock Market & Financial Investment News

News Breaks
February 5, 2013
10:21 EDTENOC, PCGEnerNOC signs demand response contract expansion in Northern California
EnerNOC (ENOC) announced that it has expanded its demand response presence in Northern California, securing the opportunity to grow its megawatts in the region by over 50% through 2015. EnerNOC won the additional megawatts through a competitive bidding process; EnerNOC's share comprised nearly 45% of the total megawatts awarded. This program is administered by Pacific Gas & Electric (PCG) and funded by California utility customers under the auspices of the California Public Utilities Commission. The contract has received public utility commission approval.
News For ENOC;PCG From The Last 14 Days
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August 31, 2015
08:38 EDTPCGPG&E completes repairs to transmission towers in Burlingame
PG&E crews completed temporary repairs to high-voltage electric transmission equipment in Burlingame after a third party doing construction work severely damaged a tower and related electrical equipment last Friday night, closing Highway 101. These towers carry power to the Peninsula and throughout San Francisco. PG&E partnered with the California Highway Patrol and Caltrans to allow the work to be conducted safely, without any risk to employees or the public. The repairs required the closure of a stretch of Highway 101 in Burlingame in San Mateo County, beginning at 10:00 p.m. Sunday and completed on schedule at just before 4:00 a.m. on Monday.
August 27, 2015
18:49 EDTPCGCalifornia Utilities Commission investigates PG&E safety practices
The California Public Utilities Commission began a formal investigation Thursday into whether Pacific Gas and Electric has corporate governance, clearly documented organizational goals and objectives, and work procedures that "prioritize and improve safety." CPUC President Michael Picker commented, "A public utility's track record of safely operating its system is dependent on more than messages and slogans. An effective safety culture is shaped by... most of all, the accountability set by the top leadership." The CPUC will evaluate PG&E's organizational culture, governance, policies, practices, and accountability metrics in relation to its record of operations, including its record of safety incidents. The CPUC will analyze the methods used by PG&E's board of directors and executive leadership to hold themselves and management accountable for their decisions and actions, including executive compensation policies. "PG&E has invested in safety improvements, added new board members with safety experience, and reorganized to prioritize gas operations safety. But accidents and events affecting the safety of the general public, its customers, and others continue to occur on PG&E's system, prompting the CPUC to take a deeper look." The CPUC's safety and enforcement division will retain the services of an independent expert consultant with experience in auditing corporate governance and accountability, not to exceed $2M. PG&E will reimburse the CPUC for the consultant services, said the Commission. Reference Link

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