Cap and trading in Sacramento
Posted on | August 11, 2009 | No Comments
THE Los Angeles Department of Water and Power has been worried about the cost of complying with Assembly Bill 32, a 2006 law that requires California to reduce its greenhouse gas emissions by 2020, reports David Zahniser in the Los Angeles Times.
Last month, DWP officials decided to beef up their advocacy efforts in Sacramento by bringing in the author of the global warming bill, Los Angeles Democrat and former Assembly Speaker Fabian Nuñez, to advise the department’s team of lobbyists, writes Zanhiser.
…Department officials have voiced concern that AB 32 would result in a “cap and trade” program that requires utilities that rely on coal power, including the DWP, to purchase expensive pollution credits. That process could result in a “massive transfer of ratepayer money” away from the utility, said DWP spokesman Joe Ramallo.
To be taken to Zahniser’s full story in the Los Angeles Times, click here.
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