PG&E Extends Cap-and-Invest Program Through 2045
What happened
Pacific Gas and Electric Company extended its Cap-and-Invest program until 2045. This program funds California Climate Credits, which are appearing on electric bills for customers of Pacific Gas and Electric Company, Southern California Edison, and San Diego Gas & Electric. These credits are funded by polluters under the state's Cap-and-Invest Program.
From newsroomamerica.com
Why it matters
The extension aims to ensure continued emissions reductions and clean energy investment. Governor Newsom praised the updates made by the California Air Resources Board, which balance economic concerns with climate goals.
From newsroomamerica.com
Who's involved
- Pacific Gas and Electric CompanyAmerican utility company subject to the Cap-and-Invest program
- California Public Utilities CommissionState government agency that provides formal regulatory oversight
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Pacific Gas and Electric CompanySpeculative
Pacific Gas and Electric Company could face continued regulatory cost pressure via customer credits.
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The entities involved
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Pacific Gas and Electric Company
American utility company