Pacific Gas and Electric on Sept. 12 said it thanks California Gov. Jerry Brown and the legislative authors of Senate Bill 350 for their vision and commitment in ensuring that California continues to lead the nation in significantly reducing greenhouse gas (GHG) emissions.
With the passage of the bill late on the night of Sept. 11, SB 350 increases the state’s Renewables Portfolio Standard (RPS) to 50% by 2030, and doubles state energy efficiency goals. The bill supports the governor’s Executive Order in April setting a new goal to reduce GHG emissions by 40% below 1990 levels by 2030.
“This bill sends a strong and important message that California will continue to lead and take bold action to reduce greenhouse gas emissions – a commitment PG&E shares and fully supports,” said PG&E Corp. Chairman, CEO and President Tony Earley.
PG&E said it fully supported SB 350 and has made significant contributions to the state’s progress and is well on its way to meeting California’s current renewable energy target of 33% ahead of schedule. PG&E noted that it appreciates the flexibility the bill provides in banking of excess renewable energy purchases, which will allow it to increase its renewable energy deliveries in a cost-effective way for customers.
PG&E also supported the bill’s challenging targets on energy efficiency and will use its full array of tools and programs to help achieve those goals. The utility also appreciates the bill’s authors for recognizing the importance of advancing discussions around electric vehicles (EV). PG&E said it recognizes that further steps are needed to fully achieve the state’s long-term energy goals.
Gov. Brown said in a Sept. 11 statement issued following passage of SB 350, the Clean Energy and Pollution Reduction Act of 2015: “Taking carbon out of the modern economy requires heroic efforts and tireless struggle. SB 350, in both efficiency and renewable energy, ratchets up the California commitment. We have the technological means and now we have the legal mandate to reduce carbon pollution.”
Pacific Gas and Electric, a subsidiary of PG&E Corp. (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California.