Requesting the Public Utilities Commission to consider specific conditions before approving costs related to liquefied natural gas infrastructure in.
The bill requests the Public Utilities Commission to ensure that liquefied natural gas infrastructure costs are fully amortized by 2045, with no customer obligations for stranded investments. It mandates that power purchase or fuel supply agreements avoid volumetric commitments or take-or-pay requirements, with supplies declining to zero by 2045. The Commission is also requested to consider risks and costs of fuel price volatility, stranded assets, and reliance on a single fuel supply.
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