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Newsom signs California energy package into law
['Meris Lutz', 'Senior Editor']
Utility Dive - Latest News
Gavin Newsom on Friday signed a package of energy bills into law that seeks to address rising energy costs, wildfire mitigation and climate funding.
The legislation signed by the governor includes the following:Extending cap-and-trade: AB 1207 renames California’s cap-and-trade program “cap-and-invest,” and reauthorizes it through 2045.
Regional Western energy market: AB 825 paves the way for an independent body to oversee a regional Western energy market, something clean energy advocates have been pushing for years.
Transmission funding and wildfire reform: SB 254 establishes the California Transmission Accelerator Revolving Fund Program to build new transmission lines and adds $18 billion to the state’s wildfire fund.
Environmental justice: SB 352 codifies a new Bureau of Environmental Justice within the state’s Department of Justice and requires community air monitoring in select locations.
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