The secret life of Michael Peevey - Page 5

California's top energy regulator rolls with power company executives behind the scenes

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Michael Peevey, California's top utility regulator, attended several trips last year with utility executives.
GUARDIAN PHOTO BY LUKE THOMAS

In addition to the $8,880 trip to Spain (comped), and the $6,583 trip to Germany last year (comped), Peevey's 2010 disclosure form shows that he also went to Australia May 14-19 to participate in a conference hosted by the Sydney-based Total Environment Center called "Smart Metering to Empower the Smart Grid" ($12,577, comped). And while it doesn't show up on his FPPC filing, an agenda for CFEE's Energy Roundtable Summit from Dec. 9-10 at the Carneros Inn in Napa lists Peevey as a participant. A glance through past filings suggests that 2010 was no anomaly; it's a typical year in the life of a jet-setting utilities regulator.

 

GREEN CAPITALISM

Peevey once served as president of the Southern California Edison, an investor-owned utility, and was president of NewEnergy, Inc., an electricity company that later was sold to Williams Energy. Yet his professional image is that of a forward-thinker on climate change. According to a bio on the CPUC website, he's received awards for achievements on green and sustainable energy from various organizations throughout California.

In 2005, speaking in Berkeley at an annual conference for the California Climate Action Registry, Peevey touted a list of his accomplishments on sustainable energy. "My final example of PUC actions on climate change is related to PG&E's bankruptcy," he said. "When they emerged from bankruptcy last year, one of many conditions of our support for their reorganization plan was that they create a $30 million Clean Energy Fund, devoted to investing in California businesses developing and producing clean technologies."

What Peevey didn't mention is that he chairs the board of directors of that fund. As a "nonprofit venture capital fund," the obscure, San Francisco-based CalCEF sounds like an oxymoron. Based on the terms of the PG&E bankruptcy settlement, it's governed by a nine-member board consisting of three CPUC appointees, three PG&E appointees, and the rest selected jointly by the CPUC and PG&E appointees. Other board members include past PG&E executives, a former member of the California Energy Commission, and a former chair of the board of governors of the California Independent System Operator (Cal-ISO), the body that ensures statewide grid reliability and blocked the closure of the Mirant Potrero Power Plant for years.

The nonprofit's stated mission is to catalyze clean energy investment to aid in the state's transition away from fossil fuels. CalCEF president Dan Adler described it as a sort of seasoned guide for fledgling green companies that might otherwise fail to navigate the murky, complicated clean-energy sector. CalCEF is in a position to usher start-ups toward success with a combination of funding, networking, and insider wisdom on state energy policy.

Among the challenges that the clean-energy sector faces, Adler said, are the utilities themselves. "They are effectively monopoly, or oligopoly, controllers of the energy industry," he said. "And they don't like outside innovation coming and disrupting their work process or their relationship with their customers."

CalCEF aims to guide the finance community "to be partners with what public policy is doing around clean tech and clean energy," Adler went on. "There's a tremendous amount of money to be made, but there's also a lot of opportunity for money to be wasted. If you don't have a private-sector investment community that understands these rules and can put their money alongside these rules in a collaborative framework, we're very unlikely to achieve the really aggressive energy targets that California has set."

Comments

Great job Rebecca-now we know how it why there are no consequences to blowing up a neighborhood.

Posted by Guest on May. 24, 2011 @ 10:29 pm

The Sacramento Bee did an article on energy regulators/energy company junkets back in 2009 that is also worth a look.

Posted by Guest on May. 25, 2011 @ 11:56 am

Totally disgusted - Peevey has to be ousted, Governor Brown! Corruption cannot be tolerated. Peevey, politician wife, SCE, lavish trips, coddling utilities ... this is like a corrupt third world dictatorship...Peevey is a national embarassment.

Posted by Guest on May. 27, 2011 @ 11:22 am

1. Fire this worthless piece of garbage now, along with Richard Clark. They're either corrupt, or incompetent, or both. In any case, they need to go now.

2. Investigate both for corruption

Posted by Guest on May. 27, 2011 @ 2:24 pm

1. WIRELESS SMART METERS – 100 TIMES MORE RADIATION THAN CELL PHONES.
Video Interview: Nuclear Scientist, Daniel Hirsch, (5 minutes: 38 seconds).
http://stopsmartmeters.org/2011/04/20/daniel-hirsch-on-ccsts-fuzzy-math/

2. WIRELESS SMART METERS – CANCER, NERVOUS SYSTEM DAMAGE, ADVERSE REPRODUCTION AFFECTS.
Video Interview: Dr. Carpenter, New York Public Health Department, Dean of Public Health, (2 minutes: 23 seconds).
http://emfsafetynetwork.org/?p=3946

3. THE KAROLINSKA INSTITUTE IN STOCKHOLM (the University that gives the Nobel Prizes) ISSUES GLOBAL HEALTH WARNING AGAINST WIRELESS SMART METERS.
2-page Press Release:
http://www.scribd.com/doc/48148346/Karolinska-Institute-Press-Release

Posted by Guest on May. 28, 2011 @ 11:03 pm

your links about smart meters are a hoax. some nuts print a paper and you feel like smart meters are the end of the world.

get a life you mis-informed person.

they didn't issue a warning agaist smart meters in the report- they said 4 billion earthlings are affectd by radio waves- micro waves, etc. BFD. you probably dictated this on your cell phone.

Posted by Guest on Sep. 19, 2011 @ 7:40 am

No, actually the dangers of radio emissions are more and more being recognized as quite real. Europe is already beginning to restrict cell phone towers and emissions because of this.

Posted by Eric Brooks on Sep. 19, 2011 @ 10:06 am

Thanks for this, hope you will follow-up with a story on what power the CPUC has and how little recourse the public has. The control is almost absolute, but the oversight is close to zero.

This is why the toxic plume from Hinkley CA (Erin Brockovich) continues to grow and spread 20 years later. And, why utilities are seeking to evade responsibilities for Sierra wildfires caused by lack of power line maintenance. And, why on a Christmas morning in Rancho Cordova, a faulty gas connection critically burned and killed a family. Why underground vaults in San Francisco have been exploding for years, flinging manhole covers into the surrounding community. (The 'fix': put a spring on the cover because the explosions are sure to continue...) Why residents living around the Tesoro plant so often 'shelter in place'. Why funds meant to address flawed gas pipes were not used for that purpose. And why we have billions wasted on a flawed SmartMeter rollout that lacks complete R&D.

The CPUC licenses our nuclear power plants; not a reassuring thought!

Posted by Guest on May. 30, 2011 @ 11:27 am

I appreciate this in-depth work on exposing the extent of the CPUC
President's coziness with those he is expected to regulate. Hopefully
it will be widely read and will hasten Mr. Peevey's departure and
assist in the appointing of responsible new leadership.

PG&E's SmartMeter debacle is a perfect example of a misguided, large-
scale industry experiment that has escaped much-needed regulation.
The serious health effects of the meters' wireless technology has
already ruined lives, leaving sensitive individuals sick, homeless, unable to
work and without recourse. That's in addition to the billing and
privacy issues, fire risk and real dangers of SmartGrid security
violation.

Keep up the good work!

Posted by Guest on May. 31, 2011 @ 4:35 pm

I am shocked about this illuminating news about Michael Peevey!

Posted by Guest on Jun. 21, 2011 @ 8:27 pm

Resistance among Californian utilities to residential feed in tariffs reveals a protectionist attitude not even seen in Europe's energy industry these days…
http://bit.ly/q6XTDI

Posted by Guest on Jul. 28, 2011 @ 9:40 am