California utility customers get 'climate credit'

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 3/31 7:34 am

SAN FRANCISCO (AP) — Customers of California's major utilities will get "climate credit" payments on their electric bills from money earned by the state's cap and trade system.

The San Francisco Chronicle reports that the payments will appear as a line item on utility bills in April and October.

Cap and trade forces power plants and other polluters to buy permits to emit greenhouse gases, and places a cap on the amount of emissions allowed.

The payments will vary in size among utilities based on the number of customers and other factors.

Pacific Gas and Electric Co. residential customers will get $29.81 in April; Southern California Edison's will get $40.

The payments are meant to help offset expected increases in electricity and gas prices due to cap and trade.


©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!
NEWSCASTS ON DEMAND
WATCH OUR LIVE NEWSCAST

What's On

All content © Copyright 2014 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.