California lawmakers have unveiled a legislative package designed to lower electric bills for 17 million utility customers while expediting renewable energy development, addressing two key priorities simultaneously.
Led by Senate Pro Tempore Mike McGuire, the "California Made" package aims to streamline approval processes for solar, offshore wind, and battery storage projects by enhancing tax credits and simplifying regulations.
Governor Gavin Newsom's recent difficulty in achieving energy bill reductions reflects the complex balancing act of accelerating clean energy deployment while ensuring its affordability for consumers amid rising costs.
The package includes two measures that will tap up to $500 million in surplus funds from ratepayers, potentially providing about $30 savings monthly for California's investor-owned utility customers.
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