Tuesday, June 14, 2005

Energy Re-Regulation Qualifies for Special Election

Voters will decide the future of California's energy markets when they go to the polls for a November 8, 2005 Special Election. It is one of eight measures on the ballot:

Electric Service Providers. Regulation. Initiative Statute. (Signatures submitted, but not yet qualified for ballot)

The initiative would reregulate California's electricity providers, putting them under the control of the state Public Utilities Commission. It would block customers from leaving utilities to buy power from other providers and would require all electric companies to provide 20 percent of their power from renewable resources by 2010, instead of the current 2017.

Its presence on the ballot could also have a chilling effect on investment in new energy infrastructure in the State.