California Approves Energy-Buying Entity Despite Exclusion, Cost Concerns

California lawmakers have approved a bill backed by Gov. Gavin Newsom (D) to create a new state energy-buying entity to procure mostly offshore wind and geothermal power to help the state meet its long-term clean power and climate targets, despite complaints that the plan unfairly excludes other low-carbon sources and will further hike rates. “Together, the administration and the Legislature can move these proposals forward and signal to the world that California’s ready and working to build the reliable and...