PG&E Economic Development Legislation

By Loretta Macktal, Executive Assistant to the Vice President, Government Relations

Capitol Update, Feb. 20, 2004 Share this on FacebookTweet thisEmail this to a friend

Pacific Gas & Electric will probably pursue legislation this year to fund economic development activities in its service territory. The utility is seeking a legislative author to carry its proposal for programs to encourage economic development. The deadline for bill introduction is today, February 20th.

The draft proposal would allow for the development and implementation of flexible utility rates to assist businesses in the PG&E service area that might otherwise relocate out of California or cease operation in the state without that flexibility.

The draft proposal would also earmark $3 million for other economic development activities, including contributions to local, regional and statewide economic development organizations.

It is unclear at this point whether the bill will include a detailed itemization of programs or simply be a legislative vehicle or “spot bill” to be amended later in the legislative process with more substantive provisions.

Meanwhile, the CPUC is scheduled to vote on a rate design settlement agreement supported by CMTA and others that would reduce PG&E's averaged bundled electric rates by 8.2 percent. Business customers would receive rate reductions of 9 to 15 percent. Rates for transmission-level industrial customers (E-20 T) would be reduced by 15.2 percent.
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