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Sector
Utilities
Size
Large Cap
Market Cap £4.20bn
Enterprise Value £30.02bn
Revenue £13.44bn
Position in Universe th / 6856

California bill to wean power sector off fossil fuels dies for this year

Sat 16th September, 2017 10:24am
SACRAMENTO, Calif., Sept 16 (Reuters) - A long-shot plan to 
wean California's power sector entirely off fossil fuels by 2045 
was put on hold until 2018 on Saturday, as lawmakers recessed 
for the year without hearing the measure. 
    The bill was strongly opposed by the state's investor-owned 
utility companies, who said it would not protect consumers from  
the expense of speeding up the switch to renewable and carbon 
neutral fuels.  
    Assemblyman Chris Holden, who held the measure in his 
Utilities and Energy Committee, said he would consider it again 
when the legislature returns in January for the second half of 
its two-year session. 
 
 (Reporting by Brendan O'Brien in Milwaukee; Editing by Andrew 
Bolton) 
 ((brendan.obrien@thomsonreuters.com; 414 937-5300;)) 
 
Keywords: CALIFORNIA POLITICS/POWER
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