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

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 2020-21 Budget: California Public Utilities Commission

Feb 27, 2020 - Specifically, we recommend the Legislature withhold action on these proposals until there is more information about the resolution of the PG&E bankruptcy. LifeLine Program Evaluation and Outreach Background LifeLine Provides Discounted Telephone Service to Low-Income Households.
https://lao.ca.gov/Publications/Report/4184

The 2019-20 Budget: California Spending Plan—Resources and Environmental Protection

Oct 17, 2019 - The budget provides $28  million (PUCURA) on a one-time basis to CPUC for activities related to addressing Pacific Gas and Electric ’s (PG &E ’s) bankruptcy. (In January 2019, PG &E filed for Chapter  11 federal bankruptcy.)
https://lao.ca.gov/Publications/Report/4103

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

Cap-and-Trade Extension: Issues for Legislative Oversight

Dec 12, 2017 - There are two types of price ceilings: Soft Price Ceiling. A predetermined allowance price level intended to moderate, but not necessarily prevent, price spikes. If prices reach the soft ceiling, CARB would sell a limited number of allowances from the APCR.
https://lao.ca.gov/Publications/Report/3719

Allocating Utility Wildfire Costs: Options and Issues for Consideration

Jun 21, 2019 - Contributions From PG &E. This option presumably relies on initial contributions from IOU shareholders. However, the process for and ability of PG &E shareholders to contribute to the fund is particularly uncertain while the utility is in bankruptcy court.
https://lao.ca.gov/Publications/Report/4079

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 2017-18 Budget: Cap-and-Trade

Feb 13, 2017 - Soft Price Ceiling. The government could make available a small share of allowances at a specified price. This could moderate potential price spikes while also ensuring emissions do not exceed the cap.
https://lao.ca.gov/Publications/Report/3553

What Threat Does Sea-Level Rise Pose to California?

Aug 10, 2020 - Specifically, they can ( 1)   p rotect , by building hard or soft barriers to try to stop or buffer the encroaching water and keep the assets from flooding; ( 2)   a ccommodate , by modifying the assets so that they can manage regular or periodic flooding; or ( 3)   r elocate , by moving assets from the potential flood zone to higher ground or further inland.
https://lao.ca.gov/Publications/Report/4261