Utilities Warn Of Higher Power Costs If CARB Squeezes Cap & Trade Credits

Utilities are renewing warnings that California air officials should reconsider proposals to significantly scale back the number of free greenhouse gas allowances they are allocated under the state’s cap-and-trade program, saying the move threatens to further increase ratepayer power bills at a time when those costs have already been soaring. “As we look at the state clean energy goals and state fuel-switching goals, I think it’s really paramount that we look to maintaining the affordability of electricity as great of...