California Total Electrical Generation

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CMUA’s State & Federal Update CMUA Annual Conference – April 1-3, 2014 in Napa CA

Legislative Outlook 2014

Increasing the RPS beyond 33%

Legislation No Longer Needed • AB 327 by Henry Perea established that 33% RPS was the Floor and not the ceiling.

GHG Emission Reductions

2020 GHG Emission Reductions

Reductions Targets Beyond 2020 2030 2040 2050

Legislature Responds

SB 1156 SB 1125 AB 2050

• • $850 million GHG Fund from Auction Proceeds $250 for High Speed Rail

• • • On-going Funding Needed Emission Reductions Post 2020 So is this the best use of the GHG Fund?

AB 2200 (Speaker Perez) California Cyber Security Commission

Leadership Changes

2014 Political Landscape • • • • 79 Assembly members – One elected to the Senate last week 37 Senators – – Two Suspended One indicted last week Assembly Keeps 54 member Democratic Super Majority Senate at 25 Democrats until November – loses 27 member super majority

It’s All About the Drought!

Are we there yet????

According to the LAO (FY 14-15) Revenue $20 $15,000 $15 $10 $0,660 $3,000 $0,532 $5 $0 Year 1 (2014 15 Budget Plan) Year 1, Proj.

Auction Rev., LOW.

Year 1, Proj.

Auction Rev., HIGH.

Proj. Revenue thru 2020, @ $15-$20 on Avg.

According to C2ES – Cap & Trade Sector GHGs…

Projections within each Sector – According to C2ES…

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