California Climate Credits Impact Utility Bills; Zero-Emission Truck Event Held
What happened
California Climate Credits are affecting August and September electric bills for millions of 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. Separately, the Port of Oakland hosted a zero-emission truck test-drive event at Middle Harbor Shoreline Park, involving industry groups and California Air Resources Board.
From newsroomamerica.com
Why it matters
The Cap-and-Invest Program requires polluters to fund the credits, which are passed on to utility customers. This financial mechanism impacts the operational costs and regulatory environment for Pacific Gas and Electric Company, Southern California Edison, and San Diego Gas & Electric.
From newsroomamerica.com
Who's involved
- Pacific Gas and Electric CompanyUtility company facing financial impacts from California Climate Credits
- Southern California EdisonElectrical utility facing financial impacts from California Climate Credits
- San Diego Gas & ElectricEnergy utility facing financial impacts from California Climate Credits
- Port of OaklandGovernment agency that hosted the zero-emission truck test-drive event
- California Air Resources BoardClean air agency involved in advancing zero-emission vehicle standards
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.
- Southern California EdisonSpeculative
Southern California Edison might face increased regulatory/financial costs through the Cap-and-Invest Program.
- Pacific Gas and Electric CompanySpeculative
Pacific Gas and Electric Company could face a shared financial burden from the Cap-and-Invest Program under the state's utility cost structure.
- San Diego Gas & ElectricSpeculative
San Diego Gas & Electric might face increased regulatory/financial costs through the Cap-and-Invest Program.
How it developed
Newest first. Tap a step to see who reported it.- Coronado joins the CCA program, involving San Diego Gas & Electric.Sub-event
PG&E, SCE, and SDG&E are facing financial impacts from California Climate Credits during a zero-emission truck test drive.1 source
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The entities involved
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Pacific Gas and Electric Company
American utility company
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Southern California Edison
electrical utility in Southern California, United States
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San Diego Gas & Electric
energy utility
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Port of Oakland
department of the municipal government of Oakland, California, United States, that administers the Oakland Seaport and Oakland International Airport
Nothing else this week.