PG&E Applauds Passage of Senate Bill 350; Important Next Step to Address Climate Change
Pacific Gas and Electric Company today thanked the Governor 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 Friday night, SB 350 increases the state’s Renewables
Portfolio Standard (RPS) to 50 percent by 2030, and doubles state energy
efficiency goals. The bill supports the Governor’s April Executive Order
setting a new goal to reduce GHG emissions by 40
percent 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 Corporation
Chairman, CEO and President Tony Earley.
PG&E fully supported SB 350 as an important step toward achieving
California’s aggressive climate change and clean energy goals. The
utility 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 percent ahead of schedule. PG&E 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 is committed to ongoing leadership on energy efficiency, support
for rooftop solar, investments in smarter energy infrastructure, and
helping to enable the broader adoptions of EVs.
PG&E recognizes that further steps are needed to fully achieve the
state’s long-term energy goals, and believes by working together, we can
all build a better California and help lead the nation and the world
into a cleaner energy future.
Pacific Gas and Electric Company, a subsidiary of PG&E
Corporation (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. For more information, visit www.pge.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20150912005024/en/
Copyright Business Wire 2015
Source: Business Wire
(September 12, 2015 - 5:54 PM EDT)
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