PG&E’s $15 Billion Deal Could Mean Higher Energy Costs and More Blackouts for Californians
A little-known $15 billion deal between PG&E and the Department of Energy is raising concerns for California residents. The agreement, which will expand hydropower, also includes shutting down the Ivanpah solar plant, which has been providing energy to 140,000 homes. Without this reliable source of clean energy, California's already overburdened power grid will struggle, leading to higher energy costs and more frequent blackouts. Critics argue that while PG&E benefits financially, everyday Californians will be left paying the price with increased bills and an even less reliable power system. Questions are also being raised about possible conflicts of interest with key players in the deal, making it even more controversial. We spoke with one of the main investors of the Ivanpah plant to learn more.
