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California Energy Markets / This Week
[CEM 1419 / January 13, 2017]
Brown Wants to Fast-Track Cap-and-Trade Legislation
As part of his budget proposal for the 2017-2018 fiscal year, Gov. Jerry Brown has proposed fast-tracking legislation to extend the California Air Resources Board’s cap-and-trade program beyond 2020. With state Democrats having seized a supermajority in both the Senate and the Assembly in November, the governor hopes to eliminate program uncertainty with a two-thirds urgency vote.
PG&E Cuts Hundreds of Staffers, Slims Management in Effort to Reduce Costs
Hundreds of workers at Pacific Gas & Electric will lose their jobs as the utility seeks to reduce costs and streamline operations. The measures, which are effective March 1, include elimination of support-services and contractor positions, as well as eight management spots.
Sonoma Clean Power to Lower Rates in Response to Rise in PG&E Exit Charge
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Sonoma Clean Power plans to lower rates in March so the community choice aggregator can maintain a slight competitive edge over incumbent utility Pacific Gas & Electric. The rate adjustment comes in response to an increase in PG&E’s Power Charge Indifference Adjustment, a fee imposed by an investor-owned utility on customers that switch to a CCA. SCP will see its revenue fall more than $1 million as a result of the rate discount.
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