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I’m voting “No” on Proposition 7 which addresses the energy industry in California. It seems to me that as a nation we are going to be moving (and it may be slow) to find alternative and clean energy solutions for our energy consumption needs. Among many things, proposition 7 requires all utilities to generate 50% of their power from renewable energy by 2025.
Like other initiatives, this one is somewhat complicated. Even if you were to read through the legislative analyst’s summary, you will find yourself confused by the number of acronyms and entities involved in California’s energy industry. This initiative highlights the flaws of legislating by proposition.
No offense to the average voter, but I don’t trust us to make reforms to how the energy industry works. For example, one of the changes that Proposition 7 will mandate is a in how we define “market price for electricity.” The proposed law is somewhat vague on whether the market price change will benefit consumers. In the short term, the legislative analyst seems to think that we will see “higher electricity rates” but that in the long run, we may see lower rates.
I appreciate that California has often been on the forefront of establishing environment-friendly guidelines. I think it’s necessary to think proactively (whether it be through politics or business) in how we can exploit renewable and clean energy sources. But I’ll be voting no on this proposition and wait for our representatives in Sacramento (and Washington) to lead the legislative path that encourages green technology.
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