California Getting Back Into Energy Business to Save Wobbly Grid
Golden State’s legislature grants water agency the authority to finance or buy power plants—even gas-fired generators.
Power lines and transmission towers at sunrise in Crockett, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
California is getting back into the electricity business to help shore up its shaky power grid.
The California legislature passed a measure late Wednesday that will give a state agency the authority to finance or buy power from any generator—including natural gas-fired plants—that can help prevent blackouts. The bill still requires the signature of Governor Gavin Newsom.