CMUA’s State & Federal Update

CMUA Annual Conference – April 1-3, 2014 in Napa CA

California Total Electrical GenerationLegislative 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!

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.

$0$2,000,000,000$4,000,000,000$6,000,000,000$8,000,000,000

$10,000,000,000$12,000,000,000$14,000,000,000$16,000,000,000$18,000,000,000$20,000,000,000

$532,000,000.000$660,000,000.000$3,000,000,000.000

$15,000,000,000.000

According to the LAO (FY 14-15) Revenue

Are we there yet????

According to C2ES – Cap & Trade Sector GHGs…

Projections within each Sector – According to C2ES…