I have linked to the 63 page document that quite possibly may cause this state to come to an absolute screeching halt. I have to admit that I don't understand a heck of a lot about what is being said, - but that in and of itself is a little worrisome. Starting on January 1, 2010 "regulated parties" are going to be very busy with reporting every last detail about every energy source that they use. (2011 is when the real trouble starts) Starting in 2015, they will be reporting to the government how much energy we Californians use, and what we use it for.
For a state that loves to bash "big oil, big this, big that", the reporting requirements of this monster will pretty much guarantee that "big anything" is the only type of company with the resources to comply. That these new regulations will cause the prices of ALL FORMS OF ENERGY to skyrocket is a given.
Still think this law is going to be all butterflies? Energy is the one input that is common to the production of absolutely everything, all goods, all services. Even a travel agent needs to turn on the lights and computers to get the job done. If you have a job now, you won't for long.
Also, the Executive Officer is now easily the most powerful person in the state. Know his name? Of course you don't. Don't worry about it, because you have no say in the matter anyway.
Just know that a few well-connected people are going to make a ton of money off of your stupidity.
Stupid California. Stupid, Stupid, Stupid.
P.S. I linked to the document. Open it and read it yourself. Don't waste your time with comments about butterflies and green jobs. That is crap used to sell this albatross to the Dodos that live here. Yes, I mean you, Dodo.
PPS - The Chicago Cap'nTrade Exchange just shut down a few days ago. The one which would have made Al Gore and Goldman Sachs even richer. Seems the rest of the country didn't take the bait. I wonder whether that had anything to do with Al Baby moving to California? Something like: "There're Dodos in them thar hills" Yup...one born every day!
Even the famous Silicon Valley isn't a sure thing for California. The Sacramento Bee reported that a host of Silicon Valley companies are investing in new jobs and expansion plans in Utah. Adobe Systems in San Jose announced Aug. 5 it will build a $100 million facility in Utah that will add 1,000 new employees. Twitter, the social-networking phenomenon based in San Francisco, is moving its data center to Salt Lake City. Video game maker Electronic Arts Inc., based in Redwood City, is also opening a new plant in Salt Lake. And Oracle, the California software giant, will invest $285 million in Utah in a new data center that will house more than 100 new jobs. Source