Ag, Environment and Natural Resources News Briefs
May 25, 2017
Park Bonding Bills
The last major park bond was passed over a decade ago. This session, SB 5 (De Leon) and AB 18 (Garcia), both authorize bond sales for parks, water, and a variety of other projects: SB 5 authorizes a $3.5 billion state bond, while AB 18 authorizes a $3.105 billion state bond. The bills are lengthy and outline a large variety of projects that would be eligible to receive bond funding, from rivers to coastlines to public parks at the state, local, and regional levels. There is also a focus on disadvantaged and park-poor communities. AB 18 passed the Assembly on a 54-19 vote, and SB 5 is currently on the Suspense File in the Senate Appropriations Suspense File.
Latest Cap and Trade Auction Produces Good News
The May cap-and-trade auction produced resulted in some good news for the program: an estimated $500 million in revenue to the state, and nearly all available permits sold. Details are available here. This news is a huge shift from previous disappointing auction results. The May auction was the first after a recent court decision upholding the program.
As recently reported, several bills have been introduced to shake up the state’s approach to reducing greenhouse gas (GHG) emissions. The existing cap-and-trade program will sunset in 2020.
CPUC to Hold Meeting in Sacramento
The California Public Utilities Commission (CPUC) will hold a voting meeting in Sacramento on Thursday, June 15 at 9:30 a.m. The CPUC, which regulates privately owned electric, natural gas, telecommunications, water, railroad, rail transit, and passenger transportation companies, typically holds voting meetings twice a month at its headquarters in San Francisco, and sometimes schedules meetings in other locations throughout the state.
The June 15 meeting will include information on jobs in Sacramento and the opportunity for public comment. More information is available here: http://www.cpuc.ca.gov/commissionmeetings/.