"The number one driver of increased energy bills over the last decade has been the cost of hardening our infrastructure and other related wildfire costs, significantly driven by climate change. That's why I was proud to work with all of you last year to extend our nation-leading Cap-and-Invest program for another two decades, providing close to $60 billion in rebates on your monthly energy bill. This year, we also worked across our differences to enable a new regional energy market that will increase reliability and lower energy bills."
"And we also understand how climate risk is financial risk, and that climate risk is becoming uninsurable. That's why we're making our homes and communities more resilient to heat and fire, and working with our Insurance Commissioner, we're stabilizing and protecting homeowners from unpredictable rate increases and cancellations."
"Speaking of tracks, we're finally laying the tracks of the nation's first High-Speed Rail system, building the transportation network of the 21st century. Full environmental clearance. We've built 50 major structures. More than 60 miles of guideway have been completed, ready for immediate track-laying in the Central Valley. 2,270 parcels for right-of-way, procured. Full electrification of 51 miles of track for Caltrain, allowing us to move more people, more efficiently."
California attributes rising energy bills largely to infrastructure hardening and wildfire-related costs driven by climate change. The state extended its Cap-and-Invest program for another two decades, targeting close to $60 billion in rebates on monthly energy bills and creating a regional energy market to increase reliability and lower costs. Climate risk is presented as financial risk and increasingly uninsurable, prompting investments in heat and fire resilience and efforts to stabilize homeowners' insurance against rate spikes and cancellations. High-speed rail progress includes environmental clearance, major structures, completed guideway miles, procured right-of-way parcels, and Caltrain electrification.
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