California won't need to kill fossil fuel plants. They're dying of old age

The hurdle involves fossil fueled power plants, and whether ratepayers will get stuck with the costs of paying for plants that are forced to retire before their debt is paid off. Clean energy skeptics sometimes argue that utility ratepayers — meaning you and I and anyone else who doesn’t live off the grid — will bear the burden of paying to shut down these plants early.

You’ll notice the squiggly line for the Los Angeles Department of Water and Power starts out a lot higher than the others, then drops dramatically in the mid-2020s. That’s because DWP currently operates the last coal plant that produces electricity for Californians. It’sThe bigger-picture lesson is that all the squiggly lines get pretty close to zero by the late 2030s.

Grubert told me she expected her model to show a lot more “stranded assets,” or power plants with debt unlikely to be paid off by 2045. But after decades of policies to promote renewable energy, the state has built hardly any coal or gas plants recently. As far as I’m aware, there’s only one California utility still planning to build a new gas plant, and that’s the Los Angeles Department of Water and Power. The utilityWhat is going on, you might ask? DWP says its gas plant will eventually transition to clean-burning hydrogen. It’s a wildly ambitious plan, and it could be a boon to the clean energy transition if Los Angeles can prove out the concept,It’s also a risk. If hydrogen doesn’t work out, L.A.

Sammy_Roth Never rest easy when the two words, California and money are in the same sentence.

Sammy_Roth No Californians are resting easy as long as Gavin Newsom and his lapdog Eric Garcetti are in office.

Sammy_Roth But Californians are on the hook for everything else.

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