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WEDNESDAY AGGREGATE: Wildfire Financing, Gas Backbone Upgrades, IRP Procurement Pressure

CALIFORNIA REGULATORY INTELLIGENCE (CRI) February 18, 2026
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Today's roundup spans wildfire securitization, compressor station upgrades, customer billing infrastructure, IRP ex parte communications, and Resource Adequacy scheduling.

  • Woolsey Fire : in SCE's financing order application, Cal Advocates makes the opening challenge in what might be a hard-fought securitization battle.
  • PG &E and the Hinkley Compressor Station Upgrade: PG&E's CPCN withdrawal and emergency exemption move is procedural arbitrage: move fast now, and litigate cost recovery in a General Rate Case.
  • SoCalGas Customer Billing System : This is a cost-overrun battle, but a settlement with the Small Business Utility Advocates is a significant development.
  • Integrated Resource Planning : A pending PD is fluid and both CalCCA and Cal Advocates are pushing against its perceived rigidity.

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