PG&E (NYSE:PCG) Given New $14.00 Price Target at Morgan Stanley

Wednesday, 21 October 2020, 06:46:50
PG&E (NYSE:PCG) had its target price upped by Morgan Stanley from $13.00 to $14.00 in a report released on Tuesday morning, AnalystRatings.net reports. The firm currently has an equal weight rating on the utilities provider’s stock. Other research analysts have also issued reports about the company. Wells Fargo & Company reiterated a hold rating on […]
— The Lincolnian

Pacific Gas and Electric expects to shut off power to 50,000 customers later this week

Tuesday, 20 October 2020, 06:54:51
PSPS will likely impact thousands of Bay Area customers as soon as Wednesday
— Vallejo Times-Herald

Platts: 6 Commodity Charts To Watch This Week

Monday, 19 October 2020, 17:35:42
Platts: 6 Commodity Charts To Watch This Week Tyler Durden Mon, 10/19/2020 – 11:35 Via S&P Global Platts Insight blog, Libyan oil flows have resumed but their stability remains uncertain, while India’s coal powered generation has dipped, granting gains to renewables. S&P Global Platts editors and analysts also discuss the latest Chinese actions on coal imports, Norwegian gas flows to Europe, and separate challenges faced by power markets in the UK and California. 1. Libya’s fragile oil return complicates market outlook What’s happening? Light sweet Libyan crude is starting to trickle through after an eight-month hiatus as rival groups agreed a tentative truce. The prospect of over 1 million b/d hitting the market in the coming months coincides with a brittle demand outlook amid a second wave of coronavirus infections. What’s next? Libya’s crude output is poised to rise to over 500,000 b/d soon following the restart of the 300,000 b/d Sharara field. But the return is likely to be gradual and prone to delays due to the shakiness of the peace deal and presence of armed groups at key oil infrastructure.
— Zero Hedge

Tesla’s giant Megapack battery farm in Moss Landing is taking shape

Monday, 19 October 2020, 13:01:30
The progress of Pacific Gas & Electric (PG&E) and Tesla Energy’s massive Megapack battery farm at Moss Landing appears to be quite consistent, with a recent flyover of the site showing that dozens of the grid-scale energy storage units have already been set up in concrete slabs. More Megapack batteries also remain wrapped on one …
— Teslarati

California Targets Nearly $400M to Fill Gaps in EV Charging Infrastructure

Friday, 16 October 2020, 16:23:00
The California Energy Commission is putting a “down-payment” of $384 million over the next three years on the electric vehicle charging and zero-emissions vehicle infrastructure needed to meet Gov. Gavin Newsom’s pledge to end sales of new gasoline-powered cars by 2035. CEC’s clean transportation plan released Wednesday ( PDF ) will direct $133 million for light-duty EV charging systems, and another $130 million for infrastructure for zero-emissions medium and heavy-duty vehicles, most of it electric charging. Another $70 million will go toward hydrogen refueling infrastructure, and $25 million for “zero-and near-zero carbon fuel production and supply,” to meet the need for alternatives to battery-powered vehicles in the decades to come. This week’s announcement follows on Gov. Newsom’s surprise decision last month, amid record-breaking heatwaves and wildfires driven by global warming, to set a 2035 deadline for ending sales of new gasoline-fueled vehicles. That move puts California in the vanguard among U.S. states, and in line with more aggressive transportation decarbonization goals being set in European countries including France, the U.K. and the Netherlands.
— Green Technology Media