LA Times (November 24)
“California is making so much solar energy that large commercial operators are increasingly forced to stop production, raising questions about the state’s costly plan to shift entirely to carbon-free sources of electricity.” Over the past year, “solar farms have curtailed production of more than 3 million megawatt hours of solar energy, either on the orders of the state’s grid operator or because prices had plummeted because of the glut.”
Tags: 3 million MWh, California, Carbon-free, Commercial operators, Electricity, Energy, Forced, Glut, Grid operator, Plummeted, Prices, Production, Solar farms
American Banker (March 27)
“Silicon Valley Bank was not the only institution that loaded up on bonds at precisely the wrong time. Based analyzing the regulatory filings of over 4,700 U.S. banks, “dozens of other banks — most of them quite small — are deeply underwater on their bond investments and could hit trouble if they were unexpectedly forced to liquidate the investments.” Still, “many experts say there is very little risk that those unrealized losses could ever turn into a problem, given the many options available to banks and regulators’ focus on avoiding that type of scenario.”
Tags: Banks, Bonds, Experts, Forced, Investments, Liquidate, Regulators, Regulatory filings, Risk, SVB, U.S., Underwater, Unrealized losses, Wrong time
