California approves Think Tank on global warming
Commission President Michael Peevey pushed the plan approved to create the California Institute for Climate Solutions. It is envisioned to bring together academic and private laboratories to quickly find ways to cut greenhouse gas emissions.
Electric and gas utilities regulated by the state commission are to fund the program by collecting $60 million a year for 10 years. Peevey said the surcharge would add 25 to 30 cents per month to bills of the customers of private utilities such as Pacific Gas & Electric.
The commission doesn't have the authority to assess the surcharge on customers of government-owned utilities, he said.
Gov. Arnold Schwarzenegger and environmental groups supported the project, while some lawmakers and consumer groups had lined up against it, calling it an unfair tax.
The plan does not require approval of the governor or Legislature.
Under the plan, the institute must raise matching funds.
Board member John Bohn was among those wary of the plan, saying it pushes the boundaries of the board's legal jurisdiction "almost to the breaking point." But he wound up voting for it, saying it could make positive contributions.
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UK electricity and gas networks making ‘unjustified’ profits
LONDON - Companies that run Britain’s electricity and gas networks, including National Grid, are making “eye-watering” profits at the expense of households, according to a well-known consumer group.
Citizens Advice believes £7.5bn in “unjustified” profits should be returned to consumers who pay for network costs via their electricity and gas bills, although its figures have been contested by the energy industry and regulator.
Ownership of electricity and gas networks came under the spotlight in the run-up to June’s general election, after the Labour party said in its manifesto it would bring both national and regional grid infrastructure to back into public ownership over time.
Electricity sector privatisation began in 1990…
