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 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

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