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PG&E Stands with Governor, Lawmakers on Landmark Climate Change Legislation

10/07/2015

LOS ANGELES--(BUSINESS WIRE)-- Today, Governor Edmund G. Brown Jr. signed far-reaching climate change legislation, further positioning California to lead the nation and the world into a cleaner energy future. The Governor signed into law Senate Bill 350, The Clean Energy and Pollution Reduction Act of 2015, at a ceremony in Los Angeles’ Griffith Park. Geisha Williams, president of PG&E Electric, joined the Governor and Senate President pro Tempore Kevin de Leon at the event in support of the bold and visionary clean energy goals.

The new law increases the state’s Renewables Portfolio Standard (RPS) to 50 percent by 2030, and doubles the state energy efficiency targets. The bill supports the Governor’s April Executive Order setting a new goal to reduce greenhouse gas (GHG) emissions by 40 percent below 1990 levels by 2030.

“California was built by pioneers, so it is fitting that our state once again charts the path for generations to come. We stand ready to help deliver additional renewable energy and energy efficiency in a way that manages costs for our customers, ensures the safety and reliability that they expect and deserve, and creates a model program for other states and nations to follow,” said Williams.

PG&E is already among the nation’s cleanest energy providers. More than 55 percent of the electricity the utility delivers to its customers comes from renewable or GHG-free resources. Since the first RPS legislation in 2002, PG&E has made significant contributions to the state’s progress and is on track to meet the current renewable energy mandate of 33 percent by 2020 ahead of schedule.

PG&E supported SB 350 and appreciates the flexibility the new law provides on banking of excess renewable procurement, which will provide for greater opportunities to secure the best renewable energy pricing available on the market for utility customers.

PG&E thanked the Governor and the legislative authors for their leadership in ensuring that California continues to lead the way in meeting the challenge to significantly reduce greenhouse gas emissions. PG&E believes all sectors must play a role in meeting that global challenge, and in working together to build a better California.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and www.pge.com/en/about/newsroom/index.page.

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Source: Pacific Gas and Electric Company

Pacific Gas and Electric Company

Lynsey Paulo Slojkowski, 415-973-5930

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