California legislators are confronted with a serious dilemma regarding SB 540, which proposes a shift from a California-only electricity market to a broader Western regional market. This change would discard crucial safeguards established post-Enron, leading potentially to higher prices and reduced supply for consumers. The bill also raises concerns about the influence of Trump's Federal Energy Regulation Commission, which could challenge California's environmental laws and renewable energy standards. With Governor Newsom's backing and earlier rejections of similar proposals, SB 540 presents a significant test for lawmakers regarding their commitments to both consumer protection and climate action.
California legislators face a critical decision regarding SB 540 that could jeopardize the state's electricity market protections, risking both consumer interests and environmental regulations.
The proposed bill undermines protections established after the Enron crisis, potentially allowing coal plant owners to challenge California's environmental laws and regulations.
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