Here is a remarkable step forward in fighting global warming here on the Left Coast. "The State energy commissioners on Thursday unanimously adopted a proposal that would financially reward or punish California's largest utilities for their performance on energy-efficiency programs. Members of the California Public Utilities Commission voted to award up to $450 million over three years to Pacific Gas and Electric Co., Southern California Edison, San Diego Gas & Electric and Southern California Gas Co. if they meet specific goals to trim energy consumption. While the money would come from approved rate increases, said Commissioner Dian Grueneich, who co-wrote the proposal, the increases would be more than offset by up to $4 billion in reduced energy costs for consumers." Follow the dancing money. http://www.sacbee.com/103/story/390798.html -- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com
