BILL ANALYSIS Ó SENATE COMMITTEE ON APPROPRIATIONS Senator Ricardo Lara, Chair 2015 - 2016 Regular Session SB 968 (Monning) - Diablo Canyon Units 1 and 2 powerplant ----------------------------------------------------------------- | | | | | | ----------------------------------------------------------------- |--------------------------------+--------------------------------| | | | |Version: March 31, 2016 |Policy Vote: E., U., & C. 9 - 0 | | | | |--------------------------------+--------------------------------| | | | |Urgency: No |Mandate: No | | | | |--------------------------------+--------------------------------| | | | |Hearing Date: May 27, 2016 |Consultant: Narisha Bonakdar | | | | ----------------------------------------------------------------- Bill Summary: SB 968 requires the Pacific Gas and Electric Company (PG&E) to submit to the California Public Utilities Commission (CPUC) an assessment of the adverse and beneficial impacts that would result from closure of the Diablo Canyon Power Plant (Diablo Canyon). *********** ANALYSIS ADDENDUM - SUSPENSE FILE *********** The following information is revised to reflect amendments adopted by the committee on May 27, 2016 Fiscal Impact: One-time cost of approximately $250,000 (Public Utilities Commission Utilities Reimbursement Account) for the CPUC to oversee the economic impact assessment process and conduct a new proceeding. SB 968 (Monning) Page 1 of ? Unknown, but likely significant costs, for the completion of the assessment required by the bill (reimbursed through ratepayer funds). Author Amendments: Requires the CPUC to cause the impact assessment to be completed, rather than requiring the CPUC to require PG&E to contract for the study to be completed. Deletes the requirement that the CPUC consider any further assessments needed. Makes conforming changes. -- END --