Cal PUC rejects PG&E Plan to Spin off Hydropower Facilities

The California Public Utilities Commission has ruled against a plan from Pacific Gas & Electric to spin off all of its non-nuclear power facilities, including all of its hydroelectric power plants on the Mokelumne River, to a new holding entity and then sell off a minority ownership interest to a private equity firm.

The Foothill Conservancy joined with a coalition of other groups, including the Hydropower Reform Coalition, Friends of the River, American Whitewater, California Sportfishing Protection Alliance to challenge the move out of concerns the new ownership structure could jeopardize the commitment to dam safety, and maintaining the facilities obligations for recreational uses and environmental safeguards. Our coalition contested the plan at every stage of the CPUC process and we welcome the ruling, which is a victory for accountability and proper management of our rivers and power generating facilities. 

As the PUC said in its ruling, the proposed transaction “failed to meet even the minimal public interest standard.”

To read the full ruling, please follow this link

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Leslie Smith, Sutter Creek, CA: Raised in Washington State, Leslie is a happy California transplant having moved to Sunny Sutter Creek full time in 2020. As a nascent fly fisher and lifelong skier, she is committed to the natural environment and brings extensive organizational and finance experience to the board from a nearly 40 year career in banking.