Decent Work on Climate, Gavin Newsom. I Still Hope California’s Next Governor is Better

Source: The Los Angeles Times  |  By Sammy Roth

Last month, I wrote that California is backsliding on climate, and that it’s mostly Gov. Gavin Newsom’s fault. I took him and his appointees to task for undermining rooftop solar, propping up the Aliso Canyon gas field and slowing implementation of a single-use plastics recycling law, among other offenses.  So, it’s only fair that I give him credit for his actions last week, at the close of the legislative session. Legislators passed several bills meant to help reduce the cost of electricity — a top priority for lawmakers looking to tackle the state’s high cost of living, and also a smart move for climate progress. People are more likely to drive electric cars, and install electric heat pumps to warm and cool their homes, if electricity is less expensive.  

But under SB 254, shareholders of Edison, PG&E and SDG&E won’t earn a dime on the next $6 billion the utilities spend to reduce the risk of wildfire ignitions from their infrastructure, starting in 2026. That could save customers $3 billion over 10 years, according to the Utility Reform Network, a ratepayer watchdog group.  SB 254 also lays the groundwork for government loans to fund construction of some new power lines. That would be less expensive than utility funding, because ratepayers wouldn’t need to cover shareholder profits.