Assessing California’s Climate Policies—Residential Electricity Rates in California

Jan 7, 2025 - California is home to three large IOUs —Pacific Gas and Electric (PG &E), Southern California Edison (SCE), and San Diego Gas and Electric (SDG &E) —as well as three smaller ones noted in the figure.
https://lao.ca.gov/Publications/Report/4950

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Revenues Run Ahead of Broader Economy State ’s Job Market and Consumer Spending Remain Lackluster … California ’s economy has been in an extended slowdown for the better part of two years, characterized by a soft labor market and weak consumer spending.
https://lao.ca.gov/Publications/Report/4939

The 2025‑26 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 20, 2024 - The cap has been operative in previous years but is inoperative as of 2024‑25. 2023‑24 and 2024‑25 Updates State ’s Job Market and Consumer Spending Remain Lackluster … California ’s economy has been in a slowdown for nearly two years, characterized by a soft labor market and weak consumer spending.
https://lao.ca.gov/Publications/Report/4940

The 2024-25 California Spending Plan: Resources and Environmental Protection

Sep 12, 2024 - Chapter  239 of 2022 (SB  846, Dodd) included legislative intent to provide $1.4  billion from the General Fund to the Pacific Gas and Electric Company (PG &E) in a “forgivable loan ” to enable the utility to continue operating DCPP beyond its originally scheduled retirement date.
https://lao.ca.gov/Publications/Report/4928

The 2024-25 Budget: Overview of the Spending Plan

Sep 6, 2024 - This includes (1) $45  million from the Prepare California community hardening grant program, (2) $21  million from a gun buyback program, (3) $15  million from the Seismic Retrofitting Program for Soft Story Multifamily Housing, and (4) $12  million from the California Wildfire Mitigation home hardening program.
https://lao.ca.gov/Publications/Report/4922

The 2023-24 Budget: Proposed Energy Policy Changes

Mar 10, 2023 - S B  846 also authorized the following expenditures: Loan to Pacific Gas & Electric (PG &E) (up to $1.4   Billion). The Legislature specified intent to provide a General Fund loan of up to $1.4  billion to PG &E to support extended operations at Diablo Canyon.
https://lao.ca.gov/Publications/Report/4735

Summary of Major 2022 Climate and Energy Legislation

Jan 6, 2023 - At the state ’s direction, PG &E pursued funds to repay the loan from the federal Civil Nuclear Credit Program administered by the U.S. Department of Energy, and the utility was awarded a $1.1  billion grant in November 2022.
https://lao.ca.gov/Publications/Report/4660

The 2022-23 Budget: Analysis of Major CCC Proposals

Feb 11, 2022 - To the extent districts continue to experience soft enrollment demand in 2022 ‑23, they potentially could continue to realize lower costs due to employing fewer part ‑time faculty. (On net, however, colleges are still expected to see notable upward pressure on their total compensation costs in 2022 ‑23.)
https://lao.ca.gov/Publications/Report/4531

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Regulatory soft cap: $10  million of exemption per year (roughly $115  million of equipment). Statutory hard cap: $200  million of equipment per year (roughly $8  million of exemption). How to claim.
https://lao.ca.gov/Publications/Report/4327

The 2020-21 Spending Plan — Other Provisions

Oct 7, 2020 - The budget also provides $5  million and associated reporting language for an operational observer to monitor the efforts of Pacific Gas & Electric (PG &E) to implement steps to mitigate the risk of wildfire ignitions from PG &E ’s infrastructure and limit the effects of public safety power shutdowns.
https://lao.ca.gov/Publications/Report/4277