News Brief: Valley Clean Energy "watching" PG&E bankruptcy proceedings

Valley Clean Energy officials say they are monitoring PG&E’s plans for bankruptcy but expect no interruption in electrical services.
FILE: Valley Clean Energy Interim Manager Mitch Sears makes his sales pitch to the Winters City Council on October 16, 2018. Photo by Matthew Keys/Winters Express
FILE: Valley Clean Energy Interim Manager Mitch Sears makes his sales pitch to the Winters City Council on October 16, 2018. Photo by Matthew Keys/Winters Express

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published its investigation, Valley Clean Energy executives wrote in an editorial that they were not opposed to an increase in the exit fee as long as the increases were “reasonable” and “fair.” Executives wrote that state regulators opened the door for fees that “over-compensates PG&E for past investments and leaves out reasonable cost-control measures that would hold the utility accountable for its past business decisions.” Winters city officials are expected to further explore Valley Clean Energy’s offer to join their CCA program later this year.]]>

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