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Wednesday, March 30, 2011

CA Green Energy legislation to impact utility company rates

from this morning's Sacramento Bee (3/30)

Green-energy legislation means higher rates in California, utilities warn
Published Wednesday, Mar. 30, 2011

"Local consumers could see sharp electricity rate increases under sweeping new legislation that would require them to ramp up their energy supplies from wind, solar and other green sources, local utilities said.

On Thursday, the state Assembly voted 55-19 to approve a measure requiring power companies to obtain up to 33 percent of their energy supplies from green sources, up sharply from the current 20 percent. The state Senate already has passed the bill.

The measure, which requires the approval of Gov. Jerry Brown, aims to reduce greenhouse gas emissions in California while boosting jobs in the state's fast-growing green economy." ....

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