Proposition 80: Electric Service Providers. Regulation Initiative Statue
Subjects electric service providers to regulation by the California Public Utilities Commission. Should the state expand its regulation of the electric industry? Restricts Electricity customers’ ability to switch from private utilities to other providers. Requires all retail electric sellers to increase renewable energy resource procurement by 2010.
Prop.80 is a complex proposition which may frustrate the normal voter. The changes required to bring accountability and responsibility to the industry and avoid the debacle where the PUC was unable to control the electrical providers. Unfortunately, efforts to ensure adequate electrical supplies were not available five years ago. Californians were powerless against electric energy traders who manipulated the supply of electrical energy and drove the price of energy up by millions and millions of dollars. The price we paid was jacked up by 1,000 percent!
Understanding the losses suffered, the Legislature held the necessary investigations and hearings to develop the Legislation necessary to prevent future electricity crisis. Unfortunately, we had a change of Governors and Governor Schwarzenegger vetoed the legislation! Unfortunately, that’s why this very complex issue is now before you as an “Initiative Statute!
A YES vote on this measure means: The Public Utilities Commission (PUC) would have broadened authority to regulate electric service providers. The PUC’s current policies related to the electricity procurement process, resource adequacy requirements, and the renewable portfolio standard would be put into law. Small electricity customers in existing buildings could not be required to accept time-differentiated electricity rates without their consent. The current prohibition on new “direct access” for electricity service would be continued beyond 2015.
A NO vote on this measure means: The PUC would not have broadened authority to regulate electric service providers. The PUC’s current policies related to the electricity procurement process, resource adequacy requirements, and the renewable portfolio standard would not be put into law.