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In restructuring, PG&E ‘will have to cater to customers who have other ways to meet their power needs’

first_img FacebookTwitterLinkedInEmailPrint分享Wall Street Journal:When it emerges from what is expected to be a long and complex chapter 11 reorganization, it’s likely to be a very different business—no longer the sprawling provider of natural gas and electric service to 16 million Californians.While wildfire liabilities that PG&E pegged at more than $30 billion were the main factor behind its bankruptcy filing, the San Francisco-based company faces far broader challenges. Long a utility accustomed to having a monopoly, in the future it will have to cater to customers who have other ways to meet their power needs.The traditional business model of electric utilities is under siege as homeowners, corporations and new community groups seek to generate or purchase power for themselves, a trend that is particularly advanced in California. All the while, PG&E has become deeply intertwined with California’s renewable energy and carbon-reduction goals, requiring it to sign expensive long-term contracts while also facing political pressure to keep rates from rising too fast.All options are going to be on the table in a bankruptcy proceeding, experts say. The possibilities include breaking up the company, selling off its natural-gas business or shedding some of its more than 100 hydroelectric dams. San Francisco and other cities have also said they want to explore running their own utilities in what has been PG&E territory.All options are going to be on the table in a bankruptcy proceeding, experts say. The possibilities include breaking up the company, selling off its natural-gas business or shedding some of its more than 100 hydroelectric dams. San Francisco and other cities have also said they want to explore running their own utilities in what has been PG&E territory.“There’s a larger issue at hand regarding how utilities are coping with new technology,” Mr. Peskoe said. “Maybe this is an opportunity for the industry to think about this differently.”PG&E said in the bankruptcy filing that it wants the ability to end hundreds of long-term power contracts with wind and solar farms, a move that could hurt the nation’s renewable-energy industry. PG&E has $42 billion in contractual commitments to buy electricity, more than half for wind and solar power to meet California’s aggressive renewable-energy goals. NextEra Energy Inc., a Florida utility with a large renewable-power-generation business has asked the Federal Energy Regulatory Commission to assert jurisdiction over these contracts. The commission ruled last week that it would review the matter alongside the bankruptcy judge.California Gov. Gavin Newsom has also expressed worries about the potential cancellation of the contracts, which could hurt the state’s ability to meet aggressive goals to cut greenhouse-gas emissions and combat climate change.More($): Wildfires Drove PG&E to Bankruptcy, Where Utility Must Change to Survive In restructuring, PG&E ‘will have to cater to customers who have other ways to meet their power needs’last_img read more

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Mourinho requests FA hearing

first_img Mourinho had until 6pm on Monday to formally address the charges and on Friday intimated he would contest, with the FA understood to now be preparing for a personal hearing. The Portuguese was sent to the stands by referee Chris Foy in stoppage time of the 1-0 loss at Villa Park after approaching the official. Mourinho went on to the pitch following a red card being shown to his player Ramires. It was the second time Mourinho had been sent to the stands this season. Following his sending-off against Cardiff in October, Mourinho accepted the charge and was fined £8,000. Chelsea lost 1-0 at Villa Park, with Mourinho dismissed after Ramires had been shown a red card for an over-the-top tackle on Karim El Ahmadi. As well as Ramires, Willian was sent off during the contest. The Chelsea manager came on to the pitch as a melee ensued involving players from both teams, with the substituted Gabriel Agbonlahor and Villa manager Paul Lambert also on the field of play. The Portuguese claimed he was only attempting to cool tempers and to ask Foy why he had not sent off Agbonlahor for accosting Ramires, but the referee was not interested and he dismissed the Chelsea manager. Mourinho also said he asked to speak to Foy in the referee’s room, but the request was turned down. The Blues boss then called on the Premier League not to appoint Foy for Chelsea matches. Mourinho was still seething at Foy on Saturday, even after the 6-0 defeat of Arsenal, as the loss conceded the initiative in the title race to Manchester City, who have games in hand over the Blues. Mourinho said: “Can we play against Aston Villa again? No. “The momentum was broken last Saturday. Somebody broke the momentum and now we are trying to build another momentum.” Chelsea manager Jose Mourinho has requested a personal Football Association hearing and denied an improper conduct charge levelled at him following his dismissal in the controversial loss at Aston Villa earlier this month. Press Associationlast_img read more

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Lambert sympathy for Benteke

first_imgPaul Lambert refused to condemn Christian Benteke after the striker was sent off as Aston Villa slipped to a sixth straight defeat against Tottenham. Press Association Substitute Harry Kane’s netted a last-minute winner following Nacer Chadli’s equaliser with just six minutes left to earn Spurs a 2-1 victory at Villa Park. The hosts had been leading by Andreas Weimann’s early strike – Villa’s first goal in 547 minutes – when they were reduced to 10 men in the second half when Benteke was dismissed following a clash with Ryan Mason. Boss Mauricio Pochettino resisted calls to start Kane after his seven goals in cup competitions but was pleased with his match-winner. He said: “We are really happy with him because in every competition he has scored, his display was good and the three points are very important for us. “In football it’s about emotional state and Harry had confidence and took the ball (for the free-kick) and scored. “It was a good result because we won three points. I am happy and the team showed their character. “Our position in the table was not good. Now we are three points off the places for the Champions League. “In football it can change a lot. We know the situation, we need to build something special and in that process you need time and to be strong.” The Belgium international was sent off after he pushed Mason in the face following the midfielder’s second-half challenge and Lambert felt it changed the game. He said: “I can’t condone what Christian did, lifting his hand, but he was provoked. “If you go back a frame you see the lad putting his head in Christian’s face. If you do that you understated why Christian did it, you don’t get away with it, but my daughter can thrown a harder forearm than that. “I understand the emotion and adrenaline rush, if someone puts their head in your face your natural reaction is to push them away. “In sport you won’t get away with it. Football is a game of emotion and that can happen. They couldn’t cope with him the way he was playing. “It’s a setback for him and for us, he’s going to be missing the next few games.” Benteke will now miss Villa’s next three games with Lambert’s side 15th in the table. The win was only Tottenham’s second in eight league outings but lifted them to eighth, three points adrift of the top four. last_img read more

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Dodgers’ Edwin Rios began breakout with Barry Larkin in his corner

first_img How Dodgers pitcher Ross Stripling topped the baseball podcast empire LOS ANGELES – Baseball is a fishbowl industry. The degrees of separation between a Hall of Famer and an unranked prospect are smaller than you might imagine.Dodgers infielder Edwin Rios was a first-year pro, working out at Tom Shaw’s performance camp at the Disney Wide World of Sports complex in Orlando, Florida in 2015. That same year, Barry Larkin merged his baseball camp with Shaw’s. Rios has been working out with Larkin ever since.Boxing is a hallmark of Larkin’s training regimen. He reportedly picked it up from a Riverfront Stadium security guard during his Hall of Fame career with the Cincinnati Reds. Rios picked up boxing from Larkin.“I boxed with him a little bit last year, but not as much as I did during this quarantine time,” Rios said. “We were going like three times a week.” Dodgers’ Max Muncy trying to work his way out of slow start Cody Bellinger homer gives Dodgers their first walkoff win of season Dodgers hit seven home runs, sweep Colorado Rockies Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco center_img “That cardio in itself, that’s where I saw my body transform and cut up a little more,” Rios said. “It was great. My condition feels great.”SEAGER UPDATERoberts said shortstop Corey Seager underwent a scan which “proved to be clean” after leaving Friday’s game with low back discomfort.Seager was injured on a defensive play in the second inning, diving to his right to field a hit, but didn’t exit the game until the third inning. He did not play Saturday and is considered day to day.“Last night, there was less discomfort … I talked to him briefly after the game,” Roberts said.This back injury is unrelated to the one that prevented Seager from playing in the 2017 National League Championship Series, Roberts said.In 13 games this season, Seager is hitting .340 with a .389 on-base percentage, both team highs.PreviousLos Angeles Dodgers starting pitcher Clayton Kershaw watches a throw during the first inning of the team’s baseball game against the San Francisco Giants on Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill)San Francisco Giants’ Mike Yastrzemski, right, heads to third after hitting a solo home run as Los Angeles Dodgers starting pitcher Clayton Kershaw stands on the mound during the third inning of a baseball game Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill)Los Angeles Dodgers starting pitcher Clayton Kershaw winds up during the first inning of the team’s baseball game against the San Francisco Giants on Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill) SoundThe gallery will resume insecondsSan Francisco Giants’ Austin Slater, left, runs to first base as he hits a solo home run while Los Angeles Dodgers starting pitcher Clayton Kershaw, center, and catcher Austin Barnes, right, watch during the third inning of a baseball game Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill)San Francisco Giants’ Mike Yastrzemski, right, gestures as he scores after hitting a solo home run, next to Los Angeles Dodgers catcher Austin Barnes during the third inning of a baseball game Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill)San Francisco Giants starting pitcher Johnny Cueto throws to the plate during the fourth inning of a baseball game against the Los Angeles Dodgers, Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill)San Francisco Giants starting pitcher Johnny Cueto, left, briefly talks with Los Angeles Dodgers’ Joc Pederson after Pederson flew out to end the third inning of a baseball game Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill)Los Angeles Dodgers’ Justin Turner, right, gestures toward Max Muncy after hitting a three-run home run during the sixth inning of the team’s baseball game against the San Francisco Giants on Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill)San Francisco Giants left fielder Hunter Pence can’t find a fly ball hit by Los Angeles Dodgers’ Enrique Hernández for a triple during the sixth inning of a baseball game Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill)Los Angeles Dodgers’ Justin Turner, center, is greeted by Cody Bellinger, second from right, and Joc Pederson, right, after hitting a three-run home run, next to San Francisco Giants catcher Chadwick Tromp during the sixth inning of a baseball game Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill)Los Angeles Dodgers’ Justin Turner, right, celebrates with Cody Bellinger after hitting a three-run home run during the sixth inning of a baseball game against the San Francisco Giants, Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill)San Francisco Giants’ Hunter Pence, center, scores on a sacrifice fly by Mauricio Dubon as Los Angeles Dodgers catcher Austin Barnes stands at right during the sixth inning of a baseball game Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill)San Francisco Giants starting pitcher Johnny Cueto, right, pats catcher Chadwick Tromp, center, on the chest before being taken out of a baseball game by manager Gabe Kapler during the sixth inning against the Los Angeles Dodgers, Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill)Los Angeles Dodgers starting pitcher Clayton Kershaw, right, is taken out of the baseball game by manager Dave Roberts during the fifth inning against the San Francisco Giants on Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill)San Francisco Giants relief pitcher Tyler Rogers throws during the eighth inning of the team’s baseball game against the Los Angeles Dodgers on Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill)San Francisco Giants relief pitcher Tyler Rogers winds up during the eighth inning of the team’s baseball game against the Los Angeles Dodgers on Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill)San Francisco Giants relief pitcher Tyler Rogers throws to the plate during the eighth inning of a baseball game against the Los Angeles Dodgers, Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill)Los Angeles Dodgers starting pitcher Clayton Kershaw watches a throw during the first inning of the team’s baseball game against the San Francisco Giants on Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill)San Francisco Giants’ Mike Yastrzemski, right, heads to third after hitting a solo home run as Los Angeles Dodgers starting pitcher Clayton Kershaw stands on the mound during the third inning of a baseball game Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill)NextShow Caption1 of 17San Francisco Giants’ Mike Yastrzemski, right, heads to third after hitting a solo home run as Los Angeles Dodgers starting pitcher Clayton Kershaw stands on the mound during the third inning of a baseball game Saturday, Aug. 8, 2020, in Los Angeles. (AP Photo/Mark J. Terrill)ExpandALSOWill Smith caught Clayton Kershaw’s final six starts of 2019, including the postseason, but Austin Barnes has caught Kershaw in his first two starts this season. The change was not by design, Roberts said. “Right now, we’ve got a day game (Sunday),” Roberts said. “I just felt it kind of lined up with Austin. You’ll see Will (Smith) catch Clayton as well.” … The Dodgers are in the midst of a stretch of 17 games in 17 days. None of their pitchers have started on fewer than five days’ rest, but that will change unless the Dodgers insert a sixth starter prior to Wednesday’s game against the Padres. “We’re going to make that decision soon,” Roberts said. … Max Muncy revealed in a pregame interview with SportsNet LA, the Dodgers’ regional television network, that he fractured the ring finger on his left hand when he was hit by a pitch in a July intrasquad game. The severity of the injury hadn’t been previously disclosed. Muncy entered Saturday’s game with a .182 batting average through his first 13 games. Having a Hall of Famer as a personal trainer didn’t hurt.Related Articles Newsroom GuidelinesNews TipsContact UsReport an Error The results have spoken for themselves. Friday, Dodgers manager Dave Roberts called Rios the team’s most improved player since spring training was suspended in March. That night against the Giants, Rios hit his third home run of the season. Rios hit four home runs in 28 games last year after making his major league debut.Power has always been a part of Rios’ profile. He hit 18 home runs in 61 games as a junior at Florida International University in 2015. Only three Division I batters hit more. The Dodgers drafted Rios in the sixth round.An outfielder in college, Rios played the majority of his minor-league innings at first or third base. He did not distinguish himself as a defender at either position. This year, he intended to change that. The Dodgers didn’t tell him to focus on his defense at third; rather, Rios said, he took it upon himself.“For me, third base is kind of a prime position,” he said. “I know If I can play third, I can play anywhere else. That’s why I work at third so much in the off-season.”The connections between boxing and baseball are subtle. Rios said he was skeptical at first, but eventually became a disciple of its benefits for his body and mind.last_img read more