New Report Touts $123 Billion in Potential Savings for California Through Innovative Transmission Financing

Posted by Edson Perez on Nov 14, 2024 10:29:23 AM

New Report Touts Innovative Transmission Financing That Can Save California Billions

As California moves toward a clean energy future, its demand for electricity is surging, fueled by the rapid electrification of homes, vehicles, and businesses across the state. The California Air Resources Board (CARB) estimates that electricity demand could increase by 76% by 2045 (relative to 2022), making expansion of the state’s transmission infrastructure crucial to keeping the lights on.  At the same time, climate-related threats—such as wildfires, extreme heat, and severe weather events—are increasingly straining the grid, further highlighting the urgent need for modern and resilient transmission infrastructure. However, California is already grappling with an energy affordability crisis, and new transmission investments come with significant costs. To meet the state’s clean energy and reliability goals without further burdening ratepayers, innovative financing solutions will be critical. 

Net-Zero California’s (NZC’s) and Clean Air Task Force’s (CATF’s) timely report, Wired for Savings: Evaluating the Impact of Alternative Transmission Financing and Development Models on California Ratepayers, explores alternative transmission financing and development models and their impacts on consumers. The results show potential for substantial ratepayer savings of up to $3 billion per year, or about $123 billion over 40 years, to the extent that this infrastructure is financed and developed through public-private partnerships. 

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Topics: California Engagement, Transmission, California

California Wraps Up Legislative Session Focused on Energy Reliability

Posted by Emilie Olson on Sep 13, 2022 4:00:00 PM

Blog-Post_2022-09-13 745

Less than a week after the legislature concluded its 2022 session, California was back in the news for record-breaking heat waves and emergency energy conservation efforts that staved off power outages. This combination of extreme weather and grid strain underscored the central theme driving energy legislation at the State Capitol this year: reliability. Throughout budget and bill deliberations, policymakers grappled with the core question of how to keep the lights on under increasingly challenging conditions without compromising California’s world-renowned climate leadership or spiking consumer energy bills. What came out of the session that ended August 31 was lawmakers’ current answer, but the question is not going away.

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Topics: State Policy, California Engagement, Advanced Transportation

California Shouldn’t Wait 25 Years for Electric School Buses

Posted by Assemblymember Phil Ting on Aug 9, 2022 4:00:00 PM

When Californians send their kids to school, we want them to be safe and cared for, but the bright yellow buses we rely on every day are surprise offenders when it comes to the air students breathe. Even though students only spend a few hours each week on school buses, kids’ lungs are particularly susceptible to the asthma-causing particle pollutants that get trapped inside these vehicles, making those rides more harmful than they might appear. Fortunately, a safe alternative is available with electric school buses.

 

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Topics: Guest Post, California Engagement, Advanced Transportation, California

In California, Net Metering is Changing. Will It Be for Better or Worse?

Posted by Emilie Olson on Nov 17, 2021 11:30:00 AM

Future of CA Rooftop Solar_745

Californians are grappling with recurring power shut-offs, wildfires, poor air quality, heat waves, and rising energy costs. These combined challenges are straining the electricity system as well as Californians’ finances, so much so that 55% of Californians say their monthly energy bill is a significant concern. To prepare our energy system and protect communities from worsening climate impacts, California must continue to make a rapid transition to clean electricity. But the way California supports solar, its leading clean energy resource, is about to change. If not done correctly, this change could threaten the state’s ability to meet its clean energy goals, and leave our electric power system more vulnerable than ever. 

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Topics: State Policy, PUCs, California Engagement

Budget Dominated California’s Legislative Session, With Clean Transportation a Winner

Posted by Emilie Olson on Oct 13, 2021 12:00:00 PM

10.13.2021 Blog_ Budget Dominated California’s Legislative Session, With Clean Transportation a Winner

California’s legislative session drew to a close on September 10 this year, uncharacteristically early, and with less fanfare than in years past. In many ways, the session started off like a sequel to the one prior, with economic recovery, energy reliability, and wildfire severity all top of mind. But rather than a sprint, with a crowded field rushing to the tape, the 2021 legislative session was more like a marathon, with fits, starts, and a finish line stretching an additional week, when the tally for the September 14  gubernatorial recall election was finished. The implications of this consequential recall campaign – including raised stakes for the state’s clean energy ambitions – reverberated throughout the Capitol and, in some cases, had a chilling effect on political appetites. But in the end, the advanced energy industry gained major breakthroughs on electric transportation, with some unfinished business, as wildfire concerns dominated the conversation on reliability and resilience. 

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Topics: State Policy, California Engagement, Advanced Transportation

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