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DETROIT, Mich. – Pacific Gas and Electric Company (PG&E) on Tuesday joined VIA Motors in unveiling the first extended-range electric pickup truck for utilities featuring an innovative technology that, in addition to providing highly efficient mileage, has the potential to provide mobile, on-site power to help manage electrical outages.
The Northern and Central California electric and gas utility partnered with VIA Motors in 2008 to develop the trucks, called eREVs or Extended-Range Electric Vehicles. PG&E already owns two of the trucks.
“This truck has the potential to significantly transform the way we manage electrical outages for our customers,” said PG&E Corp. Senior Vice President of Corporate Affairs Greg Pruett.
He was joined at the news conference at the North American International Auto Show in Detroit by VIA Motors Board of Directors Member Bob Lutz and VIA Motors CEO and Co-founder Kraig Higginson.
“PG&E looks forward to continuing its work with VIA Motors as we build upon the greenest utility fleet in the country,” Pruett added.
The eREV trucks run the first 40 miles solely on electricity before switching to gasoline.
For electric utilities, the trucks potentially can provide on-site power to help shorten small outages, eliminate some planned outages for maintenance, and boost the electric grid when needed.
The first-generation trucks have a 15 kilowatt capacity, equivalent to a generator for a small- or medium-sized house, and that amount could increase in future models.
PG&E is committed to reducing carbon dioxide emissions. Since 1995, PG&E’s alternative-fuel fleet helped prevent more than 25,000 metric tons of carbon dioxide from entering the atmosphere.
The utility has more than 1,200 alternative-fuel vehicles in its fleet, ranging from natural-gas, hybrid and electric passenger cars to large trucks that burn natural gas or have the ability to provide needed power from battery packs instead of idling engines.
PG&E is testing and validating other promising transportation technologies, including liquid and compressed natural gas and diesel-electric hybrids.
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When compared against the 2011 Budget Act, December revenues were $1.4 billion below estimates.
“While we saw positive numbers in November, December’s totals failed to meet even the latest revenue projections,” said Chiang. “Coupled with higher spending tied to unrealized cost savings, these latest revenue figures create growing concern that legislative action may be needed in the near future to ensure that the State can meet its payment obligations.”
To offer a complete view of the state’s finances, the report Chiang issued Tuesday compares actual revenues and disbursements to figures from 2010, estimates from the 2011 Budget Act, and the latest projections found in the Governor’s proposed 2012-13 budget.
Compared to the 2011 Budget Act estimates, disbursements exceeded projections by $2.65 billion. This deficit was eliminated in the 2012-13 governor’s budget estimates when the Department of Finance revised projections in consideration of spending assumptions that now appear unlikely.
When comparing to the governor’s 2012-13 budget, personal income taxes were $69.8 million down (-1.4 percent), and corporate taxes also dropped by $19.5 million (-1.4 percent).
December’s sales tax totals came in above estimates by $17 million (1.1 percent). These receipts do not reflect all holiday spending. The balance of holiday sales tax receipts will be seen in late January and early February.
The state ended last fiscal year with a cash deficit of $8.2 billion. The combined current year cash deficit stands at $21 billion. Those deficits are being covered with $15.6 billion of internal borrowing (temporary loans from special funds) and $5.4 billion of external borrowing.
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