Schwarzenegger Signs Energy Bills

NAW staff, Wednesday 01 October 2008 - 10:58:39

Gov. Arnold Schwarzenegger, R-Calif., has signed three bills that will increase California's use of renewable energy.

AB 2267 requires the California Public Utilities Commission to grant incentives to eligible California technology manufacturers. The bill also requires the California Energy Commission to give priority to state-based companies when granting awards.

AB 2466 authorizes local governments to receive a utility bill credit for surplus renewable electricity generated at one site against the electricity consumption at other sites.

"As we strive to meet our long-term renewable energy and climate change goals, California is leading the way in harnessing resources and creating innovative projects to help us get there," says Schwarzenegger. "By providing incentives for all Californians, we are promoting the growth of clean, renewable energy in our cities and on our farmlands. This legislation will benefit our state by creating jobs, protecting the environment and continuing to build a greener economy for all."

Schwarzenegger also signed SB 1754, which authorizes the California Alternative Energy and Advanced Transportation Financing Authority to enter into power purchase agreements with public and private entities for the purchase and sale of alternative energy.

SOURCE: Office of Gov. Arnold Schwarzenegger




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