Monday’s Top of the Scroll: As bankruptcy looms, PG&E will walk away from two dams it owns. What about the other 167?
With bankruptcy looming, Pacific Gas and Electric Co. is citing “challenging financial circumstances” as one of the reasons why it’s backing off from renewing its federal license for two of its hydroelectric dams. PG&E told the Federal Energy Regulatory Commission (FERC) on Friday that it would no longer try to renew the license for its Potter Valley Hydroelectric Project on the Eel River in Mendocino and Lake counties. The move raises a fresh set of questions about how the company plans to maintain its aging network of 169 hydroelectric dams in California amid its financial crisis.