"Over the weekend, lawmakers in Sacramento passed a suite of energy-related bills pushed by Gov. Gavin Newsom that came forward in the final days of the California legislative session. The measures that extended proceedings into Saturday include legislation that clears the way for California to join a regional electric grid, tries to boost statewide oil production in the wake of a pair of looming refinery shutdowns, extends California's cap-and-trade program and replenishes the state's wildfire funds."
"The bills head to now head to the governor's office, where Newsom has until Oct. 13 to sign them into law. By all indications, that will be a mere formality. "After months of hard work with the Legislature, we have agreed to historic reforms that will save money on your electric bills, stabilize gas supply, and slash toxic air pollution - all while fast-tracking California's transition to a clean, green job-creating economy," Newsom said when the raft of last-minute bills were introduced."
Lawmakers passed a package of energy bills that enable California to join a regional western energy trading market, increase statewide oil production ahead of looming refinery shutdowns, extend the state's cap-and-trade program, and replenish wildfire response funds. The California Independent System Operator called regional market participation a major milestone. AB 825 passed overwhelmingly in both chambers. Supporters argue the measures will lower energy costs, stabilize supplies, and reduce pollution while advancing clean-economy goals. Critics caution that linking to states with coal-fired generation could undermine California's decarbonization ambitions. The governor has until Oct. 13 to sign the bills.
#regional-electricity-market #cap-and-trade-extension #oil-production-policy #wildfire-fund-replenishment
Read at The Mercury News
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