California lawmakers are pushing bills aimed at reducing soaring electricity costs and regulating utilities like PG&E. These efforts, led by Silcon Valley Sen. Josh Becker, seek to fulfill Gov. Newsom's promise to make living in California more affordable amid record profits for investor-owned utilities. The bills aim to enhance grid reliability through a proposed shared energy market with up to 10 states, addressing issues of high energy rates and environmental challenges, particularly as California faces heightened demand and natural disasters.
The plans are central to the promise of Gov. Gavin Newsom and top Democrats to make California more affordable.
SB 540 is one of the most consequential actions to improve our grid reliability and achieve our clean energy goals.
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