Today, Governor Edmund G. Brown Jr. signed far-reaching climate change
legislation, further positioning California to lead the nation and the
world into a cleaner energy future. The Governor signed into law Senate
Bill 350, The Clean Energy and Pollution Reduction Act of 2015, at a
ceremony in Los Angeles’ Griffith Park. Geisha Williams, president of
PG&E Electric, joined the Governor and Senate President pro Tempore
Kevin de Leon at the event in support of the bold and visionary clean
The new law increases the state’s Renewables Portfolio Standard (RPS) to
50 percent by 2030, and doubles the state energy efficiency targets. The
bill supports the Governor’s April Executive Order setting a new goal to
reduce greenhouse gas (GHG) emissions by 40
percent below 1990 levels by 2030.
“California was built by pioneers, so it is fitting that our state once
again charts the path for generations to come. We stand ready to help
deliver additional renewable energy and energy efficiency in a way that
manages costs for our customers, ensures the safety and reliability that
they expect and deserve, and creates a model program for other states
and nations to follow,” said Williams.
PG&E is already among the nation’s cleanest energy providers. More than
55 percent of the electricity the utility delivers to its customers
comes from renewable or GHG-free resources. Since the first RPS
legislation in 2002, PG&E has made significant contributions to the
state’s progress and is on track to meet the current renewable energy
mandate of 33 percent by 2020 ahead of schedule.
PG&E supported SB 350 and appreciates the flexibility the new law
provides on banking of excess renewable procurement, which will provide
for greater opportunities to secure the best renewable energy pricing
available on the market for utility customers.
PG&E thanked the Governor and the legislative authors for their
leadership in ensuring that California continues to lead the way in
meeting the challenge to significantly reduce greenhouse gas emissions.
PG&E believes all sectors must play a role in meeting that global
challenge, and in working together to build a better California.
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 23,000 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/
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Copyright Business Wire 2015
Source: Business Wire
(October 7, 2015 - 2:16 PM EDT)
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