THE OF THE FIRST EXTRAORDINARY
SESSION WILL COME TO ORDER GOOD
AFTERNOON THE SENATE CONTINUES
TO WALK ON THE PUBLIC IN PERSON
AND VIA THE TELECONFERENCE ORVIS
FOR INDIVIDUALS WISHING TO
PROVIDE PUBLIC COMMENTS AT
TODAY'S HEARING THE PARTICIPANT
NUMBER IS. 877-226-8163.
877-226-8163 AN ACCESS CODE IS.
SEVEN THREE SIX TWO EIGHT THREE
FOUR AGAINST SEVEN THREE. SIX
TWO EIGHT THREE FOUR WE'RE
HOLDING OUR COMMITTEE HEARINGS
HERE IN THE- STREET BUILDING IN
OUR HOUSE ALL MEMBERS OF THE
COMMITTEE THE PRESIDENT ROOM
TWELVE HUNDRED SO WE CAN STOP
SHORT FORM AND BEGIN TODAY'S
HEARING. TODAY WE HAVE ONE BILL
ON OUR AGENDA. AND- BEFORE WE
HEAR OUR FIRST BILL ARE ONLY
BILL WE NEED TO STOP TO QUORUM
SO WE'RE GONNA WAIT FOR FEW
MINUTES FAR FROM THAT SO. AND IF
OUR AUTHOR IS READY- WE WILL
ALLOW HER TO BEGIN HER
PRESENTATION. FOR S. B. X. ONE
TWO.
SKINNER WHENEVER YOU'RE READY
YOU MAY BEGIN. MYSELF NAZARIAN
ON OCT OKAY WHOOPS. THANK YOU
MISTER CHAIR AND MEMBERS. I AM
VERY PLEASED 2% S. B. X. ONE
TWO. A BILL WHICH IS DESIGNED TO
PROTECT CALIFORNIANS AGAINST OIL
COMPANY PRACTICES THAT. WE FEEL
HAVE OR MAY IN THE FUTURE LEAD
TO OUTRAGEOUS GASOLINE PRICE
HIKES. WHAT WE WITNESSED LAST
SUMMER AND FALL WAS THAT THERE
WERE WEEKS WHEN CALIFORNIANS
WERE CHARGED SIX SEVEN EIGHT. IN
ONE SOME PLACES IN THE STATE THE
RURAL AREAS FAR NORTH NINE
DOLLARS A GALLON. AMOUNTS THAT
WERE ON AVERAGE TWO DOLLARS AND
SIXTY ONE CENTS HIGHER THAN WHAT
RESIDENTS OF ANY OTHER STATE
PAID SO LET ME REPEAT THAT WE
CALIFORNIANS NO MATTER WHERE YOU
LIVED WERE CHARGED MORE THAN
ANYONE IN ANY OTHER STATE. THE
SHOCKING PRICES CANNOT BE
EXPLAINED SKINNER SKINNER
MASTER'S HOUSES WITH STOPS A
QUORUM REAL QUICK AND THEN WE'LL
LET YOU CONTINUE RESEARCH OF
CONSULTANT PLEASE CALL THE ROLL
. BRADFORD YOUR BRADFORD HERE.
DALY KELLY HERE SB YEAH HERE
BAKER YOUR BAKER HERE KABIR.
DIED DRAWS. EGGMAN IN THE GROWTH
GROWTH HERE MCGUIRE MAN MAN HERE
NEWMAN NEWMAN HERE RUBIO SEYARTO
HERE ARE TO HEAR SKINNER SKINNER
HERE STERN WILK PRESIDENT WILL
PRESENT. ECONOMISTS RENDON SALAS
TUNERS CAN YOU MAY CONTINUE
THANK YOU SO AS I WAS SAYING THE
SHOCKING PRICES CANNOT BE
EXPLAINED. BY THE NORMAL- HIGHER
COST OF GASOLINE THAT WE EXPECT
IN CALIFORNIA AND WE EXPECT THAT
DUE TO OUR CLEAN AIR FUEL PLANS.
AND OUR INFRASTRUCTURE ROAD AND
STREET MAINTENANCE REVENUE
MEASURES THAT WE HAVE BUILT INTO
THE PRICE OF A GALLON BUT ON
AVERAGE THOSE TEND TO BE A MUCH
SMALLER AMOUNT. OF IT WHERE ARE
GAS PRICES HIGHER THAN OTHER
STATES NOTHING IN THE ORDER OF
TWO DOLLARS AND SIXTY ONE CENTS.
NOW DURING THIS TIME THE
CALIFORNIANS RECHARGE THESE
PRICES OIL COMPANIES WERE
POCKETING RECORD PROFITS IN
TWENTY TWENTY TO ALONE WELL
COMPANIES REPORTED MORE THAN TWO
HUNDRED BILLION IN PROFITS.
EXXON FOR EXAMPLE SET A COMPANY
RECORD BY HAULING IN. DID
BELIEVE THIS IS AN ACCURATE
NUMBER SIX POINT THREE MILLION
AN HOUR EVERY HOUR OF THE YEAR
TWENTY TWENTY TWO. NOW IF YOU
ARE I MADE NINETY EIGHT MILLION
A YEAR. FOR TWO THOUSAND YEARS
WE STILL WOULDN'T MAKE AS MUCH
AS THE OIL COMPANIES DID LAST
YEAR. CALIFORNIANS DESERVE AND
EXPECT TO BE PROTECTED AGAINST
ANY BUSINESS THAT UNSCRUPULOUS
SLEEP PADS ITS PROFITS AT OUR
EXPENSE. NO WE KNOW THAT ONE OF
THE RULES OF GOVERNMENT IS TO
PROVIDE CONSUMER PROTECTION
PROTECTION REGULATIONS THAT
SAFEGUARDS S. AGAINST INDUSTRIES
PRACTICES THAT MAY DO US HARM
WHETHER IT IS AN UNSAFE PRODUCT
OR IT IS- BID. PRICING
ACTIVITIES OR ANY OTHER NUMBER
OF ACTIVITIES THAT WE HAVE GOOD
LAWS FOR WHAT WE DON'T HAVE YET
IS ANY TYPE OF LAW OR REGULATION
THAT CAN HELP PROTECT
CALIFORNIANS AGAINST THIS KIND
OF PRICE HIKE. AND S. B. X. ONE
TWO IS EXACTLY THAT AND NOW I
WILL JUST GO THROUGH THE
SPECIFIC. COMPONENTS OF THE BILL
. SPECIFICALLY THIS BILL CREATES
A NEW INDEPENDENT WATCHDOG
AGENCY WITH IN THE CALIFORNIA
ENERGY COMMISSION THE NAME OF
WHICH IS THE DIVISION OF
PETROLEUM MARKET OVERSIGHT. THAT
ENTITY WILL BE RESPONSIBLE FOR
MONITORING CALIFORNIA'S
PETROLEUM MARKET TO ENSURE
MARKET PARTICIPANTS PLAY BY THE
RULES. ADDITIONALLY THERE WILL
BE AN INDEPENDENT CONSUMER FUELS
ADVISORY COMMITTEE MADE UP OF
EXPERTS APPOINTED BY THE
GOVERNOR AND THE LEGISLATURE
THAT WILL ADVICE BOTH THE ENERGY
COMMISSION AND THE NEW DIVISION
. THE BILL ALSO ESTABLISHES NEW
DATA REPORTING REQUIREMENTS ON
OIL COMPANIES AND REFINERIES TO
PROVIDE US THE INFORMATION THAT
IS NECESSARY FOR THE NEW
DIVISION TO CONDUCT ITS ANALYSIS
AND FOR THOSE EXPERTS IN THE
ADVISORY GROUP TO HELP THEM SO
THAT THEY CAN ADVICE THE
COMMISSION. IT GIVES THE NEW
DIVISION SUBPOENA POWER TO
ENSURE THAT WE RECEIVE THAT DATA
AND ANY RECORDS THAT ARE NEEDED
TO DETERMINE IF THERE IS A
PATTERN OF MISCONDUCT OR PRICE
MANIPULATION. IT GIVES THE
DIVISION OF PRIORITY TO REFER
VIOLATIONS OF LAW TOUR
CALIFORNIA'S ATTORNEY GENERAL
FOR PROSECUTION. IT ALSO
AUTHORIZES THE CDC THAT'S THE
ENERGY COMMISSION TO ESTABLISH A
MAXIMUM GROSS GASOLINE REFINING
MARGIN BASED ON ANALYSIS
PROVIDED BY THE NEW DIVISION.
AGAIN BASED ON THOSE
TRANSPARENCY MEASURES. IT
ENABLES THE C. E. C. TO SET A
PENALTY AFTER UNDERTAKING A
PUBLIC RULE MAKING PROCESS. THAT
CAN BE LEVIED IF THE PRICE OF
GASOLINE IS DETERMINED TO EXCEED
THE GROSS REFINING MARGIN.
GASOLINE REFINING MARGINS AND I
WILL GIVE A LITTLE IT'S A
DESCRIPTION OF THIS IN A MINUTE
BUT IT DOES NOT REQUIRE THE CC
TO SET A PENALTY. IT DOES NOT
FIX A PENALTY BUT IT GIVES THE
ABILITY TO IF THE DATA SO
WARRANTS. IT ALSO ESTABLISHES A
PRICE GOUGING PENALTY FIND IN
THE STATE TREASURY AND ENSURES
THAT THE LEGISLATURE.
APPROPRIATES THE MONIES IF THERE
ARE ANY MONIES IN THE PENALTY
FIND TO ADDRESS. THE PURPOSE FOR
WHICH TO ADDRESS THE
CONSEQUENCES OF PRICE GOUGING.
IT ALSO PROVIDES FOR AN ANNUAL
REPORT TO THE LEGISLATURE THAT
INCLUDES A REVIEW OF GASOLINE
PRICES FOR THAT YEAR. RECORD
AND- TO ADDRESS THIS CONCERN
THAT HAS BEEN EXPRESSED. AND I
WOULD LIKE TO REMIND US ALL THAT
THE LEGISLATURE IS THE POLICY
MAKING BODY WE ARE THE ONES WHO.
SET LAWS IT IS OUR STATE
AGENCIES AND DEPARTMENTS THAT
IMPLEMENT THEM. BUT TO ENSURE
THAT WE HAVE SOME WAY TO
INTERVENE IF WE FEEL THAT THERE
IS ANYTHING. THAT WE HAVE
QUESTIONS ABOUT HOW THIS IS
WORKING. THE BILL REQUIRES THE
STATE AUDITOR NO LATER THAN
MARCH FIRST TWENTY THIRTY THREE
TO COMPLETE AN AUDIT OF THE
PROGRAM AND MAKE A DETERMINATION
AS TO WHETHER THE PROGRAM IS
ACHIEVING THE INTENDED GOAL OF
REDUCING GASOLINE PRICE SPIKES
AND STABILIZING THE GASOLINE
FUEL SUPPLY MARKET. AND IF THE
AUDITOR CONCLUDES THAT THE
PROGRAM IS NOT WORKING AS
INTENDED THEN THE ENERGY
COMMISSION WE REQUIRED TO CEASE
IMPLEMENTING BOTH THE MAXIMUM
GROSS REFINING MARGIN AND THE
PENALTY PROVISIONS WITHIN A
HUNDRED AND EIGHTY DAYS. S. B.
X. ONE DASH TWOS TRANSPARENCY
MEASURES. ALONE HAVE THE
POTENTIAL TO DETER EXCESSIVE
PRICING BY OIL COMPANIES BECAUSE
THE VERY NATURE OF BEING ABLE TO
MAKE THIS INFORMATION PUBLIC
THAT WILL BE REQUESTED. IF THAT
INFORMATION WOULD INDICATE TO.
THE PUBLIC WATCHING THAT.
CALIFORNIANS ARE NOT BEING
TREATED FAIRLY PERHAPS ALL
COMPANIES ON THEIR OWN WOULD
BEHAVE DIFFERENTLY THAT IS OFTEN
THE RESULT OF TRANSPARENCY
MEASURES BUT IF NOT. THEN S. B.
X. ONE TWO IN ITS DESIGN WILL
ALLOW US TO HOLD. BIG OIL
ACCOUNTABLE TO PREVENT FUTURE
EXCESSIVE PROFITS AT THE EXPENSE
OF HARD WORKING CALIFORNIA
FAMILIES. AND NOW- I WOULD LIKE
TO HAVE THE SPONSORS OF THE BILL
SPEAK IN SUPPORT AND I HAVE
LAUREN SANCHEZ FOR THE SENIOR
CLIMATE ADVISOR FROM THE OFFICE
OF GOVERNOR GAVIN NEWSOM. AMY
ALLEY WHO IS THE LEGISLATIVE
DIRECTOR OF FOR THE OFFICE OF
OUR ATTORNEY GENERAL. BROUGHT
BONTA FROM DOJ AND WE ALSO HAVE
ON HAND- ELLIE BLOOM WHO IS THE
SPECIAL ASSISTANT TO THE
ATTORNEY GENERAL FOR ANY
TECHNICAL QUESTIONS FOR. WINTER
FORTY TWENTY WITNESS THREE
MINUTES SO WE'LL- CENTERS THANK
YOU OKAY YOU SENATOR GOOD
AFTERNOON CHAIR AND MEMBERS OF
THE COMMITTEE THANK YOU SO MUCH
FOR HAVING ME HERE TODAY MY NAME
IS LAUREN SANCHEZ AND I SERVICE
THE GOVERNOR'S. SENIOR CLIMATE
ADVISOR I JOIN YOU TODAY ON
BEHALF OF GOVERNOR NEWSOM. AS
THE SENATOR OUTLINED CLEARLY
LAST FALL GAS PRICES IN THE
STATE'S SPIKED TO SIX DOLLARS
AND FORTY ONE CENTS STATEWIDE.
IN MANY OF YOUR DISTRICTS PRICES
WERE. TOPPLING SEVEN DOLLARS OR
EVEN EIGHT DOLLARS PER GALLON.
THAT WAS A RECORD TWO DOLLARS
AND SIXTY ONE CENTS ABOVE THE
NATIONAL AVERAGE. CALIFORNIA GAS
PRICES INCREASED EIGHTY FOUR
CENTS IN JUST TEN SHORT DAYS. I
ENERGY AND MARKET EXPERTS
ECONOMISTS INDUSTRY PARTNERS AND
STATE GOVERNMENT ITSELF COULD
NOT EXPLAIN WHY. IN FACT NO ONE
KNEW WHY THESE FIVE COMPANIES
THAT CONTROL 97% OF OUR MARKET.
HAD LET INVENTORIES DROPPED TO
DECADE LOW LEVELS OR HOW THEIR
CHANGES IN PRODUCTION WERE
IMPACTING PRICES. WHAT WE DO
KNOW IS JUST A FEW WEEKS LATER
BIG OIL REPORTED HISTORIC
PROFITS. SIXTY THREE BILLION
DOLLARS IN TEN DAYS AND NINETY
DAYS. THAT'S SEVEN HUNDRED
MILLION DOLLARS A DAY. FOR THE
GOVERNOR AND FOR EVERY SINGLE
ONE OF US WHO ARE PAID RECORD
PRICES AT THE PUMP. ENOUGH WAS
ENOUGH. WE HAD TO TAKE ACTION.
HE CALL THE SPECIAL SESSION TO
HOLD BIG OIL ACCOUNTABLE AND
DEMANDED THAT THEY STOP FLEECING
THE CALIFORNIAN FAMILIES. SINCE
LAST FALL WE WORKED TIRELESSLY
AND COLLABORATIVELY WITH MEMBERS
OF THE LEGISLATURE EXPERTS AND
STAKEHOLDERS ON HOW TO ADDRESS
THIS PROBLEM. AND IT KEEPS
COMING BACK TO ONE ISSUE. UNLIKE
ELECTRICITY AND OTHER MANY OTHER
MARKETS COMMODITIES ISSUES THAT
THE CENTER HAS OUTLINED THIS IS
AN INDUSTRY THAT HAS BEEN
ALLOWED TO OPERATE IN THE
SHADOWS. IT HAS LACKED THE
ACCOUNTABILITY TRANSPARENCY AND
OVERSIGHT THAT WE HAVE LONG
REQUIRED OF OTHER CRITICAL
SECTORS. THE STATE DOESN'T YET
HAVE THE DATA THE INFORMATION
NEEDED TO PROTECT HARD WORKING
CALIFORNIAN FAMILIES FROM BEING
TAKEN ADVANTAGE OF AT THE PUMP.
THIS PROPOSAL DOES JUST THAT.
THE AMENDMENTS YOU SEE TODAY
THAT THE LEGISLATURE CONTRIBUTED
TO THROUGH A COLLABORATIVE
PROCESS MAKE THIS A BETTER BILL
. IT PROVIDES THE ADMINISTRATION
AND THE LEGISLATURE WITH THE
TOOLS NEEDED TO MITIGATE THESE
PRICE SPIKES GOING FORWARD WITH
THE TRANSPARENCY MEASURES TO
FINALLY LOOK UNDER THE HOOD AND
ASK WHAT ARE THESE COMPANIES
HIDING. IT EMPOWERS THE ENERGY
COMMISSION TO SET A PRICE
GOUGING PENALTY AND ESTABLISHES
AN INDEPENDENT WATCHDOG THAT
WILL PROVIDE THE OVERSIGHT OF
THIS MULTI BILLION DOLLAR MARKET
THAT HAS EVADED THESE MEASURES
FOR TOO LONG. AND IT DOES SO
WELL PROVIDE PROTECTING
CONFIDENTIALITY AND DEVELOPING
THE PLAN TO TRANSITION OFF OF
PETROLEUM WHILE ENSURING
RELIABLE AND AFFORDABLE FUELS
FOR CALIFORNIANS. THANK YOU. FOR
PUSHING US TO MAKE THIS PROPOSAL
BETTER FOR QUESTIONING OUR STAFF
AND DIGGING INTO THE SMALLEST
DETAILS. ON BEHALF OF THE
GOVERNOR THANK YOU FOR TAKING A
BOLD STANCE FAR CAN FOR YOUR
CONSTITUENTS AND FOR OUR
COMMUNITIES. I WILL BE AVAILABLE
FOR ANY QUESTIONS YOU MAY HAVE.
THANK YOU NEXT WITNESS. I GOOD
AFTERNOON MR CHAIRMAN MEMBERS
I'M AMY ALLEY DEPUTY ATTORNEY
GENERAL AND THE LEGISLATIVE
DIRECTOR FOR THE DEPARTMENT OF
JUSTICE. ON BEHALF OF ATTORNEY
GENERAL ROB BONTA I WON I THINK
SENATOR SKINNER FIRST FOR
AUTHORING THIS HISTORIC
LEGISLATION AND ALSO SCARED THAT
THE AG IS PROUD TO STAND WITH
GOVERNOR NEWSOM IS A CO SPONSOR
OF THIS BILL. TO TAKE ON BIG OIL
AND PROTECT CALIFORNIA CONSUMERS
LAST YEAR OIL COMPANIES RAKED IN
RECORD PROFITS WHILE
CALIFORNIANS STRUGGLE TO MAKE
ENDS MEET. HI GAS PRICES AND
EXCESSIVE PROFITS REAPED BY THE
OIL INDUSTRY HAD COME AT THE
EXPENSE OF HARD WORKING
CALIFORNIANS AND THE FINANCIAL
BURDEN OF SKYROCKETING PRICES.
HAS BEEN SHOULDERED
DISPROPORTIONATELY BY LOWER
INCOME CALIFORNIANS THIS BILL
WOULD AUTHORIZE THE ENERGY
COMMISSION THROUGH A PUBLIC
PROCESS TO IMPOSE IT PRICE
GOUGING PENALTY TO CURB
EXCESSIVE PROFITS IN RETURN THE
FUNDS. TO HARD WORKING
CALIFORNIA FAMILIES. IT WOULD
ALSO IMPROVE TRANSPARENCY INTO
CALIFORNIA'S PETROLEUM MARKET
AND CREATE AN INDEPENDENT
WATCHDOG WITHIN THE ENERGY
COMMISSION TO INVESTIGATE THE
INDUSTRY'S MARKET ACTIVITIES AND
REFER VIOLATIONS TO THE ATTORNEY
GENERAL'S OFFICE FOR
PROSECUTION. FOR DECADES THE
ATTORNEY GENERAL'S OFFICE HAS
INVESTIGATED GAS PRICES LOOK FOR
PRICE FIXING AND MARKET
MANIPULATION AND PROSECUTED BAD
ACTORS IT'S SCHEMES TO DRIVE UP
THE PRICE OF GAS DURING PREVIOUS
PERIODS OF MARKET DISRUPTION WE
ARE STILL ACTIVELY INVOLVED IN
LITIGATION AGAINST TO
MULTINATIONAL GASOLINE FIRMS.
FOR ALLEGEDLY MANIPULATING
CALIFORNIA'S GAS PRICES IN
COSTING CONSUMERS MORE AT THE
PUMP IN THE WAKE OF THE TWENTY
FIFTEEN EXPLOSION IT GASOLINE
REFINERY IN TORRANCE CALIFORNIA
. THE ATTORNEY GENERAL STANDS
READY TO ENFORCE AND DEFEND THIS
BILL AS WELL AND PROSECUTE BAD
ACTORS READ IT OUT TO THE
INCREASED TRANSPARENCY AND
OVERSIGHT INCLUDED IN THIS BILL.
CALIFORNIA CONSUMERS HAVE BEEN
PAYING TOO MUCH AT THE PALM. OIL
COMPANIES CONTINUE TO REPORT
RECORD PROFITS AT THEIR EXPENSE
THIS IS KIND ON FOR FAR TOO LONG
ATTORNEY GENERAL BONTA URGES
YOUR AYE VOTE ON THIS HISTORIC
LEGISLATION. THANK YOU HERE YES
. YOUR BRADFORD IF I MAY JUST
BRIEFLY BEFORE YOU ASK FOR GOOD
CENTER THANK YOU SO MUCH- THE
BILL BEFORE US IS AMENDED THE
BILL THAT WAS AS- ARE
REPRESENTED FROM THE GOVERNOR'S
OFFICE HAS POINTED OUT. WHAT WAS
INTRODUCED WAS DIFFERENT AND I
WANT TO THANK- BOTH HOUSES AND
STAKEHOLDERS FOR THE INCREDIBLE
WORK THAT WAS DONE OVER THE LAST
COUPLE OF MONTHS. WORKING ON
THIS INTERACTING WITH FOLKS AS
TO- YOU TRYING TO ADDRESS THINGS
THERE WERE CONCERNS ABOUT
POTENTIAL UNINTENDED
CONSEQUENCES IN THE FIRST DRAFT.
THE UNIVERSITY OF CONCERNS AND
WAS A VERY- GOOD PROCESS OF BOTH
HOUSES INPUT THAT LED TO THE
REVISIONS THAT THE GOVERNOR'S
OFFICE. HAS DONE TO THE BILL
INTO WHAT WE PUT FORWARD TO YOU
TODAY AS WAS DESCRIBED. AND I
THINK THAT THESE HIT A VERY
IMPORTANT SWEET SPOT OF BEING
ABLE TO IN IN POWERING US
MEANING THE STATE OF CALIFORNIA
TO GET THE DATA THAT WE NEED TO
DO THE ANALYSIS THAT IS
NECESSARY ESTABLISHING AN ENTITY
THAT HAS THE EXPERTISE TO DO
THAT AND ANALYSIS. AND THEN THE
AUTHORITY TO DO A PENALTY IF
WARRANTED BUT NOT AUTOMATICALLY
SO I JUST WANTED TO MAKE THOSE
POINTS AND ALSO THANK- TEAR
BRADFORD'S INPUT AND SO MANY
OTHER. INDIVIDUALS WHO
INTERACTED AND GAVE THE- THE
DIFFERENT FEEDBACK THAT.
RESULTED IN THE BILL THAT'S
BEFORE YOU TODAY. THANK YOU
POWER FINAL WITNESS THE- ALL.
TECHNICAL QUESTION- OKAY TO
CONFIDE OKAY. ALL KNOWLEDGE FROM
CALM THE ROOM TO HUNDRED ENTERS
ANYONE THERE SO HE IN SUPPORT
YOU CAN STAND THERE TAKE YOUR
NAME ORGANIZATION YOUR POSITION
PUSH THANK YOU KIM STONE STONE
ADVOCACY ON BEHALF OF A LARGE
COALITION OF OVER A HUNDRED
ENVIRONMENTAL COMMUNITY. AND
CONSUMER GROUPS IN SUPPORT I'M
NOT GONNA READ EVERY SINGLE ONE
OF THEM IT'S MORE THAN THREE
PAGES LONG BUT IT IS IN THE
ANALYSIS THANK YOU. JAMIE COURT
WITH CONSUMER WATCHDOG-
PASSIONATELY IN SUPPORT OF THIS
LANDMARK REFORM. THANK YOU THE
QUICKNESS. THE RALLY- FOR
ENVIRONMENTAL WORKING GROUP
SUPPORTS THANK YOU THANK YOU.
TERRY ONLY ECONOMIC SECURITY
PROJECT ACTION IN STRONG SUPPORT
THANK YOU THANK YOU. THANK YOU
MISTER CHAIRMAN NAME IS DAN
JACOBSON WITH CALPERS AGAIN
ENVIRONMENT CALIFORNIANS
TRANSPORT THANK YOU THANK YOU.
MR JUST AS ON BEHALF THE
CALIFORNIA STATE ASSOCIATION OF
ELECTRICAL WORKERS THE WESTERN
STATES COUNCIL SHEET METAL
WORKERS AND CALIFORNIA COALITION
OF UTILITY EMPLOYEES.
ADDITIONALLY ON BEHALF OF
SEVENTY FIVE SIGNATORY ELECTED
OFFICIALS FOR ELECTED OFFICIALS
TO PROTECT AMERICA WILL IN
SUPPORT THANK YOU THANK YOU.
CRISTINA SYRINGE FOR THE CENTER
FOR BIOLOGICAL DIVERSITY IN
STRONG SUPPORT THANK YOU.
MELISSA ROMERO CALIFORNIA
ENVIRONMENTAL VOTERS IN STRONG
SUPPORT. IF THE **** ON BEHALF
OF THE CITY AMOUNT DUE IN
SUPPORT. NOT ANYMORE LISTENED
BEHALF OF THE GREEN LINE
INCIDENTS COURT. CHRISTOPHE
MAIRE ON BEHALF OF THE AMERICAN
FEDERATION OF STATE COUNTY AND
MUNICIPAL EMPLOYEES ASKED ME
CALIFORNIA IN SUPPORT THANK YOU
THANK YOU. CHRIS MYERS WITH THE
CALIFORNIA SCHOOL EMPLOYEES
ASSOCIATION IN SUPPORT THANK YOU
. THANK YOU CAN OUR MEMBERS IGOR
TRACK OF CHAIR OF THE ALAMEDA
COUNTY DEMOCRATIC PARTY IN
STRONG SUPPORT. THANK YOU. ONE
OF HAPPENED ON A WITH THE- TRUST
FOR PUBLIC LAND IN SUPPORT.
THANK YOU. ARE THERE ANY OTHER
WITNESSES IN SUPPORT AMONG
TWELVE HUNDRED. HEARING TO KNOW
NOW WE'RE GONNA MOVE TO WITH
THIS IN OPPOSITION IF THERE. ONE
OR TWO PRIMARY WITNESSES IN
OPPOSITION WITH ASSET. WE MAKE A
SEAT AVAILABLE FOR THEM. THERE
WILL. AND WILL PROVIDE EACH OF
YOU THREE MINUTES TO MAKE YOUR
PRESENTATION. WELL. MISTER
CHAIRMAN MISTER MEMBERS HEALING
GARCIA FOR THE WESTERN STATES
PETROLEUM ASSOCIATION. AS YOU
KNOW REPRESENTING THE STATE'S
REFINERS AND ALL IT'S ALL MAJOR
OIL AND GAS PRODUCER'S. WE
CONTINUE TO OPPOSE THIS BILL.
FOR MANY THE SAME REASONS THAT
WE OPPOSE THE PRIOR VERSION.
THIS VERSION THAT YOU'RE VOTING
ON TODAY'S BEEN IN PRINT JUST
OVER FORTY EIGHT HOURS. IT IS AN
EXTENSIVE AMENDMENT AND WE
APPRECIATE THAT THERE WAS A WORK
THAT WAS GOING ON SOMEWHERE. BUT
IT WASN'T WITH INDUSTRY
STAKEHOLDERS NEVER STAKEHOLDER
GROUP WE WERE NEVER INVITED TO
COME IN AND TALK AND MAYBE HELP
LINE AND PROVIDE SOME IN SOME
INPUT THAT HASN'T HAPPENED.
YESTERDAY WAS OUR FIRST MEETING-
WITH THE GOVERNOR'S OFFICE. SO
WE DO TAKE EXCEPTION TO THIS
RUSHED APPROACH THIS IS
SIGNIFICANT LEGISLATION IT IS A
SIGNIFICANT CHANGE TO OUR ENERGY
POLICY TOWARD TRANSPORTATION
FUELS POLICY. AND IT DESERVES
MUCH MUCH MORE DELIBERATION AND
CONSIDERATION. WE CANNOT HAVE
BOTH ON THE ONE HAND A FIRST OF
ITS KIND NEVER BEEN DONE BEFORE
BILL. AND EXPECTED TO BE DONE
RIGHT IN TEN DAYS. THAT IS JUST
DOES NOT RECONCILE. IT DID NOT
INTEND TO SPEAK TO THIS BUT I DO
HAVE TO TAKE EXCEPTION I'VE
REPRESENTED THIS INDUSTRY FOR
TWENTY FIVE YEARS. I'VE SEEN A
MAJOR CHANGE IN THE INDUSTRY
OVER TWENTY FIVE YEARS. WHEN I
STARTED WITH TWENTY ONE
REFINERIES AND HAD JUST COME
DOWN FROM THIRTY TWO. REFINERS
DO LEAVE THE STATE CALIFORNIA
PUT POLICIES IN PLACE THAT DO
CHASE OUT ENERGY PRODUCERS IT
HAS HAPPENED IT WILL HAPPEN
AGAIN. SO THE IDEA THAT REFINERS
WILL NEVER LEAVE THE STATE I
WOULD ASK YOU TO LOOK AROUND SEE
OF THE REFINERS ARE HERE TODAY
ARE THE SAME ONES THAT WERE HERE
TEN YEARS AGO. TWENTY YEARS AGO
THAT'S NOT THE CASE. ENERGY
POLICY HAS CONSEQUENCES WE WOULD
ASK YOU TO CONSIDER THAT AND
TAKE IT SERIOUSLY. TEN DAYS. FOR
A FIRST OF ITS KIND LEGISLATION
DOES NOT. SUGGEST THAT WE ARE.
FULLY CONSIDERING ALL THE-
CONCERNS. WE ARE STILL REVIEWING
THE SPECIFICS AGAIN JUST OVER
FORTY EIGHT HOURS WERE REVIEWING
THE SPECIFICS OF THIS MASSIVE
NEW DATA REPORTING REQUIREMENTS
. BUT MOST IMMEDIATELY
CONCERNING. IS THE
CONFIDENTIALITY OF THIS MARKET
SENSE OF INFORMATION. THIS BILL
NOW MAKES SOME OF THE
CONFIDENTIAL INFORMATION
AVAILABLE. TO A NEW YET TO BE
DETERMINED THE POLITICALLY
APPOINTED BOARD- AND WITH ALL
DUE RESPECT TO YOUR STAFF TO
LEGISLATIVE STAFF. WE ARE
TURNING OVER INFORMATION ABOUT
SPOT MARKET TRADES. ABOUT
SHIPPING IT PUT. PIPELINE
CAPACITY. TO LEGISLATIVE STAFF.
FORMER LEGISLATIVE STAFFER
MYSELF. BUT I DO QUESTION WHAT
STAFF IS GOING TO DO WITH THAT
INFORMATION EXCEPT TURN IT OVER
AND POTENTIALLY MAKE IT
AVAILABLE. ON INTENTIONALLY OR
INTENSELY TO THE PUBLIC. YOU
HEARD EXAMPLE FROM THE ATTORNEY
GENERAL. OF A PENDING
LITIGATION. THAT IS ENERGY
MARKETS IN THE WORLD THAT ARE
LOOKING FOR INFORMATION ABOUT
CALIFORNIA'S ENERGY MARKET IN
FEELS MARKET. WE HAVE TO BE
EXTREMELY CAREFUL THAT
INFORMATION. SO IN THIS CASE IN
THIS NEW AMENDED BILL YOU'RE
ASKING FOR A GREAT DEAL OF NEW
INFORMATION HIGHLY SENSITIVE
INFORMATION. AT THE VERY LEAST
WE WOULD URGE YOU. TO KEEP THAT
TO THE EXISTING BODIES THAT HAVE
THAT THAT GET THAT INFORMATION
THAT CAN PROTECT THAT
INFORMATION. THE ATTORNEY
GENERAL THE ENERGY COMMISSION
UNDER STRICT- CONFIDENTIALITY
REQUIREMENTS. HERE EXPANDING THE
AMOUNT OF DATA AND TO WHOM WHO
GETS IT AND HOW THEY PROTECTED
THAT IS A BAD RECIPE WE WOULD
URGE YOU TO READ. RECONSIDER
THAT AND TAKE THE TIME TO GET A
RIGHT. THIS BILL ALSO DELEGATES
AUTHORITY ENERGY COMMISSION TO
DO SOMETHING NEVER BEEN DONE
BEFORE. AND THAT IS TO HAVE A
REGULATORY BODY. INTO
TRANSPORTATION FUELS MARKET THIS
IS NOT A UTILITY MARKET THIS IS
A TRANSPORTATION FUELS MARKET.
WITH INPUTS FROM GLOBAL INPUT.
THAT IS SUSCEPTIBLE TO GLOBAL
EVENTS. YOU'RE ASKING A
CALIFORNIA REGULATORY BODY TO
SET A MAXIMUM REFINERY PROFIT
MARGINS AND THEN YOU CALL IN
THAT. PRICE GOUGING. YOU'RE
REDEFINING WHAT PRICE GOUGING US
THAT'S ARBITRARY. AND IT WILL
HAVE CONSEQUENCES. THAT WE
APPRECIATE AND UNDERSTAND THAT
YOU HAVE NOW ASKING THE
COMMISSION TO MAKE A NUMBER OF
CONSIDERATIONS. TO EVALUATE. THE
POTENTIAL IMPACT ON SUPPLY AND
DEMAND. TO EVALUATE WITH THIS
INSTRUMENT ITSELF IS GOING TO
IMPACT SUPPLY AND DEMAND YOU
HEARD FROM. ENERGY ECONOMISTS
MOST NOTABLE ENERGY ECONOMIST IN
THE STATE. IN YOUR OVERSIGHT
HEARING TALENT TOLD YOU I
BELIEVE THIS COMMITTEE. IF WE
HAVE A SCARCITY ISSUE IF WE HAVE
A SUPPLY AND DEMAND ISSUE THIS
IS THE WRONG TOOL. NONE THE LESS
YOU'RE DELEGATING THAT AUTHORITY
IN THAT TOOL TO THE ENERGY
COMMISSION. AGAIN WE WOULD URGE
YOU TO TAKE MORE TIME. AND WE
WILL ACTUALLY FLIP IT WE WOULD
URGE YOU TO HAVE THE ENERGY
COMMISSION DO THAT EVALUATION
COME BACK TO YOU. WITH ALL THIS
NEW INFORMATION. TO DO IT DEMAND
ANALYSIS AND COME BACK TO YOU IN
THE SHORE YOU. BUT IT'S NOT
GOING TO AFFECT SUPPLY. YOU'RE
DOING A REVERSE HERE YOU'RE
DELEGATING THEM AND TRUSTING
THEM. BUT ONCE YOU'VE DELEGATED
. YOU KNOW GOOD LUCK TRYING TO
GET THAT BACK. SO ABSOLUTE
CONCERN WITH THAT DELEGATION OF
AUTHORITY. ANOTHER MAJOR CONCERN
FOR US AND I WILL BE QUICK AND
IT'S TIME FOR ANOTHER MAJOR.
MAJOR CONCERN IS SECTION THREE
OF THE BILL. ENTIRELY NEW HERE
WE ARE DEL AGAIN DELEGATING
AUTHORITY TO A REGULATORY
AGENCY. ON REFINERY MAINTENANCE
. ONE THING IS TO UNDERSTAND AND
TO BE AWARE OF WHEN MAINTENANCE
IS HAPPENING. BUT TO DELEGATE
THE AUTHORITY TO AN UNELECTED
REGULATORY BODY TO TELL US NOT
ONLY WENT TO DO MAINTENANCE. AND
WHEN NOT TO DO MAINTENANCE. THAT
IS A- HUGE CONCERN. THAT IS A
SAFETY CONCERN THAT IS A SAFETY
CONCERN FOR A WORK FORCE. FOR
THE COMMUNITIES WHERE REFINERIES
OPERATE. SO WE WOULD URGE YOU TO
DELETE THAT SECTION THE
INFORMATION IS ONE THING CONTROL
OF THE REFINERY OPERATIONS IS
ANOTHER. SO AGAIN THE BILL THE
BILL CALLS FOR A NUMBER OF
STUDIES WHICH WE WELCOME
SUPPLYING DEMAND WE WELCOME. BUT
THOSE SHOULD. THOSE SHOULD
DICTATE WHAT TOOLS YOU USE NOT
COME AFTER THE FACT. SO AGAIN-
WE OPPOSE THIS BILL WE URGE YOU
TO TAKE MORE TIME IT IS A
SERIOUS BILL. INTO LAW AND-
DESERVES MUCH MUCH MORE
DELIBERATION. THANK YOU SIR.
THANK YOU NEXT WITNESS.
RESEARCHER MEMBERS. GOOD
AFTERNOON BRADY MANNING WENT ON
BEHALF OF THE CALIFORNIA CHAMBER
OF COMMERCE A COALITION OF
CONCERNED BUSINESSES AND
ORGANIZATIONS. THIS BILL SETS A
BAD PRECEDENT SENDS A WRONG
MESSAGE TO OTHER INDUSTRIES HERE
IN CALIFORNIA. ALLOWING AN
UNELECTED BODY IS NOT
ACCOUNTABLE FOR ANYONE
CONSTITUENCIES DETERMINE WHAT A
REASONABLE PROFIT MARGIN IS. TO
THE WRONG SIGNAL TO THE BUSINESS
COMMUNITY AMISOM ASKING IF
THEY'LL BE NEXT. THIS MEASURE
WILL NOT LOWER THE PRICE OF FUEL
OF TRANSPORTATION FUELS IN
CALIFORNIA TO BE CLEAR PRICE IS
REALLY A BY PRODUCT OF SUPPLY
AND DEMAND THIS MEASURE WILL NOT
IMPACT EITHER ONE OF THOSE TO
RATHER FOCUS ON SETTING PRICE
CAPS ON REFINERS THAT ARE TRYING
TO MEET THE DEMAND FOR
TRANSPORTATION FUELS. HERE IN
THE STATE. IF ANYTHING THIS
COULD BE HIGHER PRICES WHICH
ONLY EXACERBATE THE
AFFORDABILITY CRISIS WE'RE
FACING HERE IN CALIFORNIA HAS
HURT SMALL BUSINESSES AND THOSE
THAT ARE LIKELY ABLE TO FOR THE
LEAST. JUST A FEW WEEKS AGO THIS
COMMITTEE HEARD FROM MANY
EXPERTS. TAX FOR PENALTY
WHATEVER REFER TO IT AS- SIMPLY
WON'T WORK. WHETHER THAT TAX OR
PENALTY IS IMPLEMENTED BY THE
LEGISLATURE OR THE ENERGY
COMMISSION IS RELEVANT. THAT'S
AND WE LOOK FORWARD TO WORKING
WITH THE LEGISLATURE IDENTIFYING
WAYS TO INCREASE TO ADDRESS THE
AFFORDABILITY CRISIS WE HAVE
HERE IN THE STATE. HOWEVER WE
BELIEVE THIS MEASURE. WILL NOT
HELP TO LOWER THE COST OF
TRANSPORTATION FUELS HERE. AND
FOR THAT REASON. AND FOR THE
REASONS NOTED ABOVE REMAIN
OPPOSED. THANK YOU MISTER CHAIR.
THANK YOU NOW WILL GO TO
WITNESSES IN OPPOSITION HERE
AROUND TWELVE HUNDRED ONE I CITY
SECURE NAME OR POSITION YOUR
POSITION PLACE CHAIRMAN OTHER
MEMBERS. WE HAVE THE KERN COUNTY
BOARD OF SUPERVISORS THEY'RE
ADAMANTLY OPPOSE THIS BILL
ENERGY NO VOTE THANK YOU. TO
THIS. SHARE MEMBERS JOHN LINGER
ON BEHALF OF THE CALIFORNIA
FUELS AND CONVENIENCE ALLIANCE-
ALSO OPPOSE WE HAVE SIGNIFICANT
CONCERNS ON OUR SMALL BUSINESSES
ARE GOING TO COMPLY WITH ALL OF
THE NEW REPORTING REQUIREMENTS.
THANK YOU NEXT WITNESS. DEVICE
WILL COME WITH THE CALIFORNIA
TAXPAYERS ASSOCIATION ALSO IN
OPPOSITION. THANK YOU.
RESEARCHER MEMBERS MIKE MULLIGAN
ON BEHALF THE CALIFORNIA STATE
BUILDING AND CONSTRUCTION TRADES
COUNCIL IN OPPOSITION. GREAT
THANK YOU. NO SIR ANY OTHER
WITNESSES IN OPPOSITION HERE IN
ROOM TWELVE HUNDRED. KERN TUNE
NINE NOW MONTEREY WILL GO OUR
WITH WHO TO TELL. THE TELECOM-
LIMIT AB THAT THE UP AT THIS
TIME ASK YOU TO YOUR NAME YOUR
NAME. AND YOUR- MODERATOR. LET
US KNOW WHEN THEY'RE READY.
JENNIFER YOU'D LIKE TO THE-
QUEUE UP TOP ARE SUPPORT. EITHER
PRESS ONE IN THE AT THIS. OF TO
GO TO LINE TWENTY EIGHT PLEASE
GO AHEAD. AFTERNOON MY NAME IS
RICHARD MONTA BROWN AND THE
PERSON. OF THE BY COURT
REQUIREMENTS FOR THE IN PEARL
AND ABOUT SHOULD. ITS INVENTION
UP STRUGGLE WITH ACCOUNT CAN
SECURE. THE MORNING WE SEND OUR
OF FOR SENATE BILL X. YOU. ARE
WITH THEM FEDERAL OPINION BUT WE
WANT TO YOUR TO CALL IN
PERSONALLY SUPPORT THE PAST OF
THIS FOR COUNTY. SOLUTION THANK
YOU FOR THE- TO WORK WITH US.
THANKS FOR THE TO LINE THIRTY
SIX PLEASE GO AHEAD. FIVE THIRTY
NINE LOCUST. GOOD AFTERNOON MY
NAME IS. I AM A SUPER. IN THE
COUNTY OF NAPA I AM CALLING STAY
IN SUPPORT OF AND WHO WERE YOU
LOOKING AT THE COUNTY AND THE
AGRICULTURAL REGION THAT IS
FLOURISHING HERE THE PEOPLE WHO
MAKE THIS REGION WORK OUR
FARMWORKERS ARE WORKING CLASS
PEOPLE. THE PRICING STRUCTURE OF
GASOLINE THE FLASH EPISODE LAST
YEAR NEARLY CRIPPLED ARE WORKING
FAMILIES AND ESPECIALLY HIT OUR
FARMWORKERS HARD WHO GIVEN THAT
HOUSING SHORTAGES WE HAVE IN OUR
COUNTY AND IN THE NEIGHBORING
AREAS. DROPPED LONG DISTANCES TO
BE ABLE TO GO TO WORK WE
ENCOURAGE THE COMMITTEE. TO GO
IN A COUPLE THINGS THANK YOU
NEXT. WITNESS CONNECT WITH IF.
PLEASE GO AHEAD. MY NAME IS
THERE WHAT FONG AND A LOCKING
COUNTY BETTER AND ALL KNOWN AS
FAD IN LINE OVER HUNDRED SIX
BUSINESS ORGANIZATION THAT ARE
ABOUT FOUR HUNDRED INTENT.
EMPLOYERS LOS ANGELES COUNTY AND
WE ARE ADAMANTLY OPPOSED THE
SPELL THANK YOU. THANK YOU. SIX
POTENTIAL THANKS TO THE NEXT OF
THE TO LINE THIRTY SEVEN PLEASE
GO AHEAD. HI MY NAME IS BADLY
ABOUT HIM WITH THE CALIFORNIA
BUSINESS ROUNDTABLE AND WE ARE
STRONGLY OPPOSED. NEXT TO THE TO
LINE A TWENTY SEVEN PLEASE GO
AHEAD. THANK YOU GOOD AFTERNOON
HEARING CANADIAN MEMBERS UNFAIR
CON MAYOR FOR THE CITY OF IRVINE
CALLING IN SUPPORT OF S. B. X.
ONE Q. THIS IS SO IMPORTANT FOR
US RIGHT NOW IS BIGELOW
REFINERIES IN CALIFORNIA MORE
THAN DOUBLE THEIR PROFITS. IN
TWENTY TWO- DUPONT HI THE CHOICE
IS THEIRS TO INCREASE PRICES AND
POCKET EXCESS PROFITS THAT
RESULTED IN CALIFORNIANS
STRUGGLING TO FILL THEIR GAS AND
PAY THEIR BILLS. I'M COUNTING ON
YOU TO DO RIGHT BY OUR RESIDENTS
BECAUSE I'M THE ONE TAKING THEM
ON A DAILY BASIS WE NEED
TRANSPARENCY IN THE OIL INDUSTRY
AND WE NEED TO LET OUR
COMMUNITIES KNOW THAT THEY WILL
NO LONGER SUFFER THE
CONSEQUENCES AGREED AT THE PUMP.
THIS ITEM IS NOT RIGHT AND IS
MUCH NEEDED TODAY THANK YOU.
THANK. YOU FOR THIS. THANKS WITH
LINE TWELVE PLEASE GO AHEAD.
RICHARD THIS THE MONEY FROM THE
LOS ANGELES BUT COUNCIL SPEAKING
AND OF. THANKS TO THE TIMELINE
TWENTY PLEASE VOTE. GOOD
AFTERNOON WILL BE A CLIMATE
CENTER SPEAKING IT'S A OF IT THE
X. POINT TO. STANDING UP
CORPORATE GREED SUPPORT FOR YOU
OUT FIVE FUELS ALL TO IT'S BUT
WE NEED. A CLIENT CPU TROOPER
LATEST UNITED NAY BECAUSE SIGN
REPORT. HE'D TO STOP ISSUING
PERMITS FOR NEW GROWING AND
LARGEST WHAT THE FOR. CAL
RELIANCE ON PEOPLE. PHILIPSBURG
. IN THE FIRST THREE OF TWENTY
TWENTY THREE ALONE THANK YOU
MEDICATION UP MORE. SIX HUNDRED
PER FOR OR AND GAS. A JURY THAT
TO A THIRD TO OUR HELD PARK
WOULD YOU SAYS TO FOR YOUR- ON
THIS SO THAT'S GOOD RIGHT WE CAN
. OFFER A PART FOR THE
LEADERSHIP THANK YOU THANK YOU.
NEXT UP I MEAN WITH US. SO THE
TO LINE IN. PLEASE GO. MEMBERS
COMMITTEE. CONDIMENTS WITH THE
COUNTY COUNCIL TALK. THANK YOU.
THANK YOU NEXT WITNESS. NEXT
WITH A LINE EIGHT PLEASE AHEAD.
HELLO MY NAME IS JUDY. I'M A
VOLUNTEER THREE OH BAY AREA. ON
BEHALF OF OUR EIGHTEEN SUPPORTER
WE SUPPORT S. B. X. TWO. THANK
YOU CONNECTS WITH THIS. NEXT TO
THE TIME THIRTY FOUR PLEASE GO
AHEAD. I'M LESLIE DISTRICTS
MARIN COUNTY SUPERVISOR ERA
LUCAN AND I'M ON HIS TO CALL IN
SUPPORT OF B. X. ONE TWO.
SUPERVISOR LUKE HAD HEARD FROM
MANY. ABOUT THIS ISSUE AND
SUPPORTS THE PRICE GOUGING
PENALTY TO DISCOURAGE THESE
PRICE HIKES AND PROVIDE MUCH
NEEDED OVERSIGHT AND
TRANSPARENCY THANK YOU SO MUCH
FOR YOUR TIME. NEXT WE'LL GO TO
LINE TWENTY TWO PLEASE GO AHEAD
. NINE TWENTY TWO LINES OPEN.
AFTERNOON CHAIR AND COMMITTEE
MEMBERS MY NAME IS TANYA
BUSTAMANTE CHIEF OF STAFF FOR
CONTRA COSTA COUNTY SUPERVISOR
JOHN GIOIA FROM RICHMOND. WELL
THE THIRD ON THE BAY AREA AIR
QUALITY MANAGEMENT DISTRICT
BOARD AND PRE RELEASE FOR THE-
SERVED ON CALIFORNIA AIR
RESOURCES BOARD HE'S ONLY
SUPPORTS THIS BILL. IS SUPPORTED
BASED ON TWENTY FOUR YEARS OF
EXPERIENCE AS THE SUPERVISOR
REPRESENTING ENVIRONMENTAL
JUSTICE COMMUNITIES IN CONTRA
COSTA COUNTY. AND THIS PROPOSAL
WILL PROVIDE RELIEF TO THOSE
COMMUNITIES WHICH HAVE PAID THE
COST OF LIVING NEAR THE FACILITY
THAT REFINED GASOLINE FOR
DRIVERS THROUGHOUT OUR STATE. WE
REGULARLY HEAR FROM CONSTITUENTS
THEIR FRUSTRATION ABOUT HOW MUCH
MORE THEY PAY IN FUEL COSTS
DESPITE RECORD OIL COMPANY
PROFITS. THIS IS NOT FAIR OR.
SHORTNESS THANKS FOR THE TO LINE
FORTY PLEASE GO AHEAD. HELLO CAN
YOU HEAR ME. YES YES REALLY FINE
. MY NAME IS MARIBEL NEW YES I.
MED RIVERSIDE- WITH HIM AND I'M
PART OF ECONOMICALLY PARTNERSHIP
. WE ARE IN SUPPORT. QUEUE ONE
OVERDUE- COMMITTEE FOR THE
SUFFERING A LOT OF HYPE OIL
PRICES. THIS NEEDS TO GET BETTER
AND WE NEED ACCOUNTABLE.
INCREASE AT A DISTANCE. THANK
YOU THE COULDN'T. NEXT AVAILABLE
LINE THIRTY EIGHT PLEASE GO
AHEAD. GOOD AFTERNOON MY NAME IS
MIKE YOU KNOW POLICY DIRECTOR
CRIME ACTION CAMP AN
ORGANIZATION THE IN SANDY AND
ORANGE COUNTY WITH A SIMPLE MAN
. TO STOP THE CRIME CORRECTIVE
THROUGH AND PAUL ACTION. THE
BILL COMPANY SHAREABLE AND HAVE
FOR THAT BIG AFTER OUR CLIMB
CRISIS IMPORTANT PUBLIC HEALTH.
THE EXCELLENT IN ONE WAY TO
ENSURE THAT CALIFORNIANS ARE NOT
ON TO FIND THE FOR A AND FOR
THAT WE- I WOULD LIKE TO SHARE
STRONG. OF THE BILL THANK YOU
THANK YOU. BOB. THANKS OF
TIMELINE TO ONE PLEASE GO AHEAD
. HELLO MY IS KITTY CORNER THE
FINANCE MANAGER HUMBOLDT. THE
WORDY- OVER THE PAST FEW YEARS
OUR PRICES IN THE OUR EIGHTY PER
. WHICH IS KIND YOUR BILL TO
FUND OUT. AND PARACLETE LIVING
WAY. HELLO TRANSIT WEREN'T
STRONG. THANK YOU. THANK YOU
NEXT WITNESS. THE NEXT TO THE TO
LINE TO NINE PLEASE AHEAD. HELLO
MY NAME WILLIAM LOPEZ CALLING ON
BEHALF OF LOS CA IN AND WE
AREN'T SUPPORT OF AS X. TWO
DON'T URGE YOU CAN FOR AS MUCH.
THE NEXT GO TO LINE UP FOR THREE
PLEASE GO AHEAD. HELLO MY NAME
IS KAREN GRIFFITH I AM THE
EXECUTOR DIRECTOR OF THE NEW
COAST IN. CENTER BASE IN HOME
COUNTY CALLING IMPORT AT B. X.
TWO. ON THE NORTH COAST TO BE
CONSIDERED HANDSOME THE HIGHEST
GAS PRICE IN THE CAR. AND WE ARE
ALSO PROJECTED TO HAVE THE
HIGHEST RATES OF SEA LEVEL RISE
ON THE WEST COAST DUE TO
ANTIBIOTIC CLAMOR CHANGE AND
MEANWHILE WE ARE SCRAMBLING TO
PREPARE AN ADAPTIVE ALL RIGHTS
BIG OIL ONE OF THE MAJOR
CONTRIBUTORS FOR THE CLIMATE
CRISIS IS RAKING IN RECORD
PROFITS DUE TO LACK OF OVERSIGHT
AND TRANSPARENCY. SO WE STRONGLY
SUPPORT THIS EFFORT TO HOLD THE
INDUSTRY ACCOUNTABLE NOT ONLY TO
PROTECT CONSUMERS ESPECIALLY LOW
INCOME CONSUMERS BUT ALSO TO
PROTECT THE ENVIRONMENT BY
MAKING THIS POLLUTING INDUSTRY
LESS PROFITABLE SO THAT WE CAN
TRANSITION AWAY FROM FOSSIL
FUELS THANK YOU. THANK TO
ADDRESS. NECKARSULM FORTY FIVE
PLEASE GO AHEAD. GOOD AFTERNOON
CARE MEMBERS OF THE COMMITTEE MY
NAME IS ALYSSA DHEA CALLING ON
BEHALF OF THE LAW ANGELES AREA
CHAMBER OF COMMERCE IN
OPPOSITION TO S. B. X. ONE Q.
THANK YOU. MEXICO TO LINE UP
FORTY SIX PLEASE GO AHEAD. GOOD
AFTERNOON MY NAME IS CRYSTAL
MARTINEZ DISTRICT STAFF TO MARIN
COUNTY SUPERVISOR KATIE RICE. ON
HER BEHALF I'M EXPRESSING HER
STRONG SUPPORT OF GOVERNOR
NUISANCE GAS PRESENT PRICE
GOUGING BILL S. B. X. ONE Q.
WHICH WOULD PROVIDE MUCH NEEDED
TRANSPARENCY OVERSIGHT AND
PREVENTION THAT IS SORELY
NEEDED. THIS BILL WILL HELP
REDUCE THE IMPACT OF GAS PRICE
SPIKES BUT HIT EVERYBODY BUT
HURTS VULNERABLE RESIDENTS MUST
ESPECIALLY. FOR STILL THE
NEGATIVE EFFECTS GO BEYOND THE
SPIKE AND REVEL AT THE EXPENSE
OF THOSE. THAT ARE ABLE TO
AFFORD IT THE LEAST THANK YOU.
THANKS FOR THE TO LINE FORTY
FOUR PLEASE GO AHEAD. GOOD
AFTERNOON MY NAME IS ULISES
CABRERA I'M THE MAYOR OF THE
CITY OF MORENO VALLEY IN THE
INLAND EMPIRE HERE TO EXPRESS MY
STRONG SUPPORT. FOR GOVERNOR
GAVIN NEWSOM IS PRICE GOUGING
PENALTY INTRODUCED BY SENATOR
SKINNER HAS S. B. X. ONE TWO.
WE'RE ASKING FOR INCREASED
OVERSIGHT ACCOUNTABILITY AND TO
ENSURE TRANSPARENCY FROM BIG OIL
COMPANIES AND TO PROTECT OUR
WORKING FAMILIES FROM
UNEXPLAINED GAS PRICE HIKES OUR
COMMUNITY DESERVE THIS AND WE
ASK YOU TO VOTE YES ON THIS BOLD
ACTION. THANK YOU. THANKS FOR
THE TIME THIRTY NINE PLEASE GO
AHEAD. HELLO GOOD AFTERNOON MY
NAME IS SETH ROLLINS I AM
PRESIDENT OF THE ASIAN PACIFIC
AMERICAN DEMOCRATIC CAUCUS
ABILITY TO COUNTY. BUT I AM
SPEAKING OUT AS AN INDIVIDUAL.
AND I WANT TO EXPRESS MY FULL
SUPPORT FOR S. B. X. ONE TWO.
THANK YOU THANK YOU. THIRTY ONE
FORTY SEVEN PLEASE GO AHEAD.
BRIAN CALL FROM SAN DIEGO I'M
WITH. THREE FIFTY. AND I. AM
CALLING TO SEE. SUPPORT P. X.
ONE DASH TO I KNOW CAN BE. IN A
LITTLE SCARY TO STAND UP TO OIL
THEY HAVE A LOT OF. WHAT A POWER
BUT- CHAU CENTER TO DO THE RIGHT
THING CALIFORNIA TO MARKET AND
WE CONTINUE THAT MUSCLE DEEP
CUTS DISCOUNTABLE. AND LET'S GET
ON THE RIGHT WITH CLIMATE CHANGE
THANK YOU. EXADATA LINE FORTY
EIGHT PLEASE GO AHEAD. GREETING
HI AT FOR MORE BAKER. CALLING TO
SUPPORT SB FOURTEEN. X. FOUR. S.
X. THANK YOU. MEXICO TO LINE
THIRTY THREE. GOOD AFTERNOON
COMMUNITY AND BRADFORD. MY NAME
IS RIBBENTROP MOSTLY WE DIRECTOR
OF THE NATIONAL NETWORK SUPPORT
. ETEXT. ONE TO. I FORGOT TO
LINE UP FORTY NINE PLEASE GO
AHEAD. GOOD AFTERNOON MY NAME IS
QUAN WHEN I AM THE DIRECTOR OF
EXTERNAL AFFAIRS FOR A EQUITY
ALLIANCE WITH A COALITION OF
OVER FORTY COMMUNITY BASED
ORGANIZATIONS THAT SERVE AN
ADVOCATE FOR THE ONE POINT SIX
ASIAN AMERICANS AND PACIFIC
ISLANDERS IN LOS ANGELES COUNTY
. WE ARE SUPPORTIVE OF AT THE
ACT ONE TO THE PRICE GOUGING
BILL- IT IS OUTRAGEOUS THAT THAT
OIL COMPANIES HI CRISIS AND
RAKED IN A RECORD OF TWO HUNDRED
BILLION DOLLARS IN PROFITS OUR
FAMILIES AND COMMUNITIES ARE
STRUGGLING TO PAY FOR BASIC
NECESSITIES. BILL WHAT
DISCOURAGED PRICE FROM HAPPENING
THE FIRST. AND HELP PROVIDE ME
NEEDED OVERSIGHT AND
TRANSPARENCY TO HOLD THE OIL AND
GAS INDUSTRY ACCOUNTABLE BECAUSE
IT IS VERY REASONABLE IN OUR
MIND THAT IF OIL COMPANIES
EXCEED THE BILL THRESHOLD FOR
MAXIMUM MAXIMUM REFINING MARGINS
THEY SHOULD BE CHARGED AND THAT
MONEY SHOULD BE RETURNED TO
CALIFORNIA. THANK YOU. THANK YOU
NEXT WITNESS. DISHONORING OTHERS
THANK YOU. OKAY WE'RE GONNA
BRING IT BACK TO COMMITTEE DO WE
HAVE ANY COMMITTEE COMMITTEE
MEMBERS WITH QUESTIONS FIRST
COMMENT AT THIS TIME. TO REVIEW
. YOUR OUR- REGISTAR KERR. YEAH
ARE SERVICES ARE. FREE. ALL
RIGHT WELL WE'LL GET THIS OFF
LITTLE BIT- ONE OF MY- ABOUT THE
APPROACH I KNOW WE WE'VE ABANDON
. GOING STRAIGHT TO VOTING TO
IMPOSE A PENALTY. OR ATTACK-
WHEN IT'S A PERCENTAGE IT SOUNDS
MORE LIKE A TAX BUT THIS
APPROACH HAS BEEN TRIED I ASKED
THIS QUESTION IN COMMITTEE
BEFORE. AND THE GOVERNOR STAFF
NOT THESE THESE MEMBERS BUT THE
ECONOMIC STAFF- TOLD ME THAT-
YES THERE ARE THERE'S SEVERAL
SEVERAL COUNTRIES DOING THE SAME
THING- BUT I DIDN'T PHRASE MY
QUESTION RIGHT BECAUSE WHAT I
LEFT OUT WAS SUCCESSFULLY.
BECAUSE THEY'RE NOT SUCCESSFUL
IN DOING THAT I- I- DID SOME OF
THE RESEARCH I READ SOME
ARTICLES ON ALL OF THE COMPANIES
ARE DOING THAT ARE THE- THE
COUNTRIES THAT ARE DOING THAT
AND A LOT OF THEM ARE
BACKPEDALING SOME OF- ABANDON
THE EFFORT ALTOGETHER. BECAUSE
WHAT HAPPENED WAS DIDN'T
DOMESTIC SUPPLY WENT DOWN. AND
IN PRICES WENT UP IN AT THE END
OF THE DAY THIS IS ABOUT
REDUCING PRICES AT THE PUMP. BUT
HERE'S THE OTHER PART OF THIS.
THE REST OF THE COUNTRY HAD
RIDICULOUSLY HIGH GAS PRICES AS
WELL AND THAT'S BECAUSE OF ITS
ENERGY POLICY. IT SIGNALING IT'S
TAKEN OFF PRODUCTION IT'S GOING
TO FOREIGN OIL AS OPPOSED TO
DOMESTIC SUPPLY THERE'S A WHOLE
BIG PICTURE THERE. AND IT WASN'T
JUST GASOLINE PRICES ARE NATURAL
GAS PRICES WERE STILL GETTING
THE FIVE HUNDRED DOLLAR BILLS
FOR THAT. AND THAT'S BECAUSE OF
WHAT AN INCREASED DEMAND AND
LESS SUPPLY. SO I'M NOT QUITE
SURE. AND ALSO I DID HAVE A
QUESTION FOR GOVERNOR STAFF THE
CDC THEY CAME OUT WITH A REPORT
RECENTLY. DID THEY FIND PRICE
GOUGING. IF AND IF SO WHY HASN'T
THERE BEEN A PROSECUTION FOR
THAT. MASKING QUESTION. THANK
YOU SENATOR FOR THE QUESTION- IF
YOU'RE REFERRING TO THE TWENTY
THE REPORT THE ENERGY COMMISSION
PUBLISHED AFTER THE GOVERNOR
ASKED FOR THE INVESTIGATION AND
THE TWENTY NINETEEN THE GAS
PRICE SPIKES. THE CONCLUSION
THAT THE ENERGY COMMISSION FOUND
WAS REALLY EIGHT LARGE
DIVERGENCE BETWEEN BRANDED AND
UNBRANDED RETAIL GAS STATIONS
THAT IS WHY YOU'LL SEE REFLECTED
IN THE PROPOSAL PART OF OUR
TRANSPARENCY AND DATA THE ENERGY
COMMISSION WILL NOW BE
COLLECTING. IS REALLY LOOKING
INTO WHAT COULD EXPLAIN THAT
DISCREPANCY- I'M HAPPY TO
RESPOND TO KIND OF SOME OF THE
OTHER POINTS YOU'VE MADE AS WELL
BUT MAY WANT TO ADD A FEW MORE
OKAY- ONE OF THE THINGS AND I'M
ALSO CONCERNED ABOUT IS THIS
CONCEPT OF ANTI CALLED THE
FIREWALL. BETWEEN MY ME AND MY
CONSTITUENTS I'M GOING TO VOTE.
TO IMPOSE A PENALTY I DON'T NEED
AN ORGANIZATION I DON'T NEED TO
MAKE ANOTHER COMMISSION TO DO IT
FOR ME AND THEN HAVE ME SAY WELL
YOU KNOW IT'S THE COMMISSION NOT
ME. THAT'S WHAT THIS APPEARS TO
BE WE ARE CREATING A BODY THAT
STANDS BETWEEN. OUR
RESPONSIBILITY TO VOTE AND BE
HELD ACCOUNTABLE BY OUR
CONSTITUENTS. IF WE WANT TO VOTE
TO DO. THIRTY EIGHT OKAY GAS TAX
OR PENALTY THEN WE SHOULD JUST
DO THAT. WE SHOULD NOT BE CREEK
FORMING A WHOLE NEW COMMISSION
OUR COMMISSIONS HAVE NOT BEEN-
AS SUCCESSFUL AS WE WOULD LIKE
THEM TO BE. WE HAVE HEARINGS ALL
DAY LONG ON ON THE- IS THE
INEFFECTIVENESS OF A LOT OF OUR
COMMISSIONS AND COMMITTEES. SO
IT KIND OF GIVES THIS FIREWALL
AFFECT BETWEEN THE LEGISLATURE.
AND WHAT WE'RE DOING AND WE DO
THAT ENOUGH AND I THINK WE
SHOULD BE DOING THAT. SO THAT
THAT KIND OF CONCERNS ME- A
CHECK MYSSKIN RICE YOU HAVE
YOUR- HAND ON THE BUTTON I'M
GOING TO RESPOND TO THAT.
PERHAPS TO. A TEACHER- CENTER SO
YOUR TO OUR LIKE YOU TO SITE ONE
EXAMPLE WHERE THE LEGISLATURE
ITSELF ISSUES PENALTIES OR FINES
ON A REGULAR BASIS. I WOULD
EXCEPT FOR WE'VE CREATED SO MANY
FIREWALLS WE DON'T HAVE TO WILL
AND THAT'S THAT'S MY THAT WAS MY
POINT EXACTLY. WELL THAT HARD
AND WE'RE DOING WHEN WE ARE
CREATING PRICE HIKES WHEN WE ARE
CREATING MECHANISMS WHEN WE ARE
CREATING POLICIES. AND THEN
TELLING ANOTHER AGENCY HEY YOU
GUYS YOU GUYS DO THE DIRTY WORK
OF HITTING OUR CAR TAXPAYERS IN
THE POCKETBOOK. AND THEN TELLING
US THAT HEY YOU KNOW WHAT. HEY
YOU KNOW WE DIDN'T DO IT IT WAS
IT WAS THE AGENCY THEY'RE THE
ONES WHO COME UP WITH THE TWENTY
THIRTY FIVE NO MORE GAS CARS
THING IT WASN'T US. THAT'S WHAT
I'M TALKING ABOUT SO THANK YOU
FOR PROVING MY POINT WILL YOU
CLEARLY ARE ENTITLED TO YOUR
OPINION- I THINK THAT WHAT- MY
POINT TWO HOURS IS THAT. OVER
THE YEARS OF LEGISLATION WERE
CALLING DECADES. THE LEGISLATURE
. PASSAGE STATUTES WHICH
AUTHORIZE. FEES OR FINES OR
PENALTIES. FOR AGENCIES TO LEVEL
LEVY. BASED ON CIRCUMSTANCES
THAT THERE'S A VIOLATION OR IT
AND- WE HAVE NOT CONSTRUCTED
EITHER HOUSE OF THE LEGISLATURE.
TO CONDUCT THAT TYPE OF
OVERSIGHT IN EVERY ASPECT OF
STATE BUSINESS SO IT WAS IN
AFFECT MY POINT EARLIER WE ARE
THE POLICY MAKERS THE LAWMAKERS
ARE AGENCIES IN OUR DEPARTMENTS
AND DIVISIONS ARE THE
IMPLEMENTERS. YES THANK YOU
THANK YOU FOR THAT EXPLANATION-
A COUPLE MORE POINTS BUT I WANT
TO GIVE MY COLLEAGUES AN
OPPORTUNITY TO JUMP IN WHERE
THEY WOULD LIKE TO OKAY I'LL
TAKE A I'LL TAKE A BREAK THANK
YOU THANK YOU VISSCHER DOLLAR.
THANK YOU A- MISTER CHAIRMAN
AND- THANK YOU FOR THE TEST JUST
TESTIFYING TODAY I WANNA I DON'T
HAVE A QUESTION I HAVE I HAVE A
BASIC COMMON I LOOKED WE JUST
GOT THIS INFORMATION REALLY
REALLY HOURS AGO- BUT I WANT TO
JUST TALK ABOUT. MONOPOLIES FOR
A MOMENT WE HAD TO ALL OF YOU
REMEMBER WE HAD EIGHTEEN T. WAS
THE GIANT MONOPOLY AND THEN OUR
NATION QUITE FRANKLY WHEN IT
BECAME TO COMMUNICATION. AND IT
WAS IT WAS MANIPULATING THE OUT
THE ABILITY FOR ANY COMPETITION
AND SO THAT WAS BROKEN UP WE HAD
THE RAILROAD HERE IN CALIFORNIA.
WHERE WE HAD A MANIPULATION OF
THE TRANSPORTATION AS WELL AND
WE HAVE LAWS ON THE BOOKS FOR
MONOPOLIES- IN THIS CASE I WANT
TO JUST SAY. THE DATA I HAD
GATHERED WAS THERE WAS FORTY
SEVEN REFINERIES THERE FIFTEEN
REFINERIES LEFT TODAY TO MY
KNOWLEDGE AND TO MAKE IT CORRECT
ME IF THAT'S WRONG ST FOR
MISSION I GOT. TEN OF THOSE REEF
CAP TO THOSE REFINERIES REFINED
CALIFORNIA FUEL PLANTS. THE FIVE
OTHER ONES DO. FOR MY KNOWLEDGE
THINGS LIKE ROAD BASIN NOT FUELS
FOR TRANSPORTATION. AND
CALIFORNIA SPECIAL BLENDS. AND
OF THOSE I THINK THERE'S FIVE
BIG PRODUCERS IN THERE SO TO
MANIPULATE THE MARKET. AS
EIGHTEEN T. DID BACK IN THE MA
BELL DAYS AND AS THE ROADS DO
YOU WOULD HAVE TO GET ALL OF
THOSE. PRODUCERS TO DO THAT TO
MANIPULATE IT SO I JUST WANT TO
PUT THAT OUT THERE AND LOOK I'M
NOT HERE. TO DEFEND. BOYLE I
THINK THIS IS MORE OF ABOUT A
POLICY DECISION THAT WE'RE
MAKING AS A LEGISLATURE. WE'RE
PONTINE. THIS IS THE KEY THIS
BILL IS GOING TO GIVE POWER TO
THE CDC AND WE JUST AS MY
COLLEAGUE TALKED ABOUT WE GIVE
THAT POWER WAY WE'VE GIVEN THE
POWER. TO REDUCE CLIMATE CHANGE
THE CALIFORNIA AIR RESOURCES
BOARD JUST LIKE WE'RE GOING TO
DO WITH THIS. PIECE OF
LEGISLATION AND WE HAVE HAD.
REPORTS BACK TO THE LEGISLATURE
ON THE FAILURES OF THE CARRIER
FOR YOUR RESOURCES BOARD WHEN IT
COMES TO CLIMATE CHANGE THEY
HAVEN'T RELEASED REDUCE CLIMATE.
WE HAD AND I SIT ON THE
COMMITTEE FOR SUB TO US ON THE
ENERGY COMMITTEE. WE HAVE WE'VE
HAD THOSE AGENCIES IN HERE CPUC
SAME THING FAILURE. AND NOW WE
EVEN HAD A BILL YESTERDAY IN THE
ENERGY COMMITTEE TO ACTUALLY
FORCED TO C. C. TO COME IN FRONT
OF THE- LEGISLATURE'S SENATOR
LARGEST CARRYING THE BILL. MANY
TIMES TO ACTUALLY MAKE THEM COME
AND TELL US WHAT THEY'RE DOING
SO. DO WE GET POWER TO UNELECTED
BODIES ABSOLUTELY DO WE DO. AND
THOSE BODIES ARE APPOINTED BY
THE GOVERNOR. AND THROUGH THE
LEGISLATURE. AND SO WE GET THAT
POWER WE GIVE THAT POWER TO
THOSE AGENCIES TO FIND
BUSINESSES. AND TO REGULATE.
LAST YEAR WE HAD A BILL AB TWO
FIFTY SEVEN WHICH CREATED THE
FAST FOOD COUNCIL WHICH IS A-
ATTACK NOW ON BUSINESSES TO DO.
IN ONE WAY TO WORKING MINIMUM
WAGE REQUIREMENTS WORKING
CONDITION EMPLOYEE EMPLOYER
RELATIONSHIPS. FRANCHISE FEES
VERSUS FRANCHISORS. WE'VE HAD.
BEEN APPOINTED. OKAY REPORT
THIRTY BOARD WE'VE HAD EXECUTIVE
ORDERS. ON A NO BID CONTRACT
WITH KAISER. AND WE HAVE.
SIXTEEN HOSPITALS THAT ARE ABOUT
TO GO OUT OF BUSINESS AND IN
CALIFORNIA. MY STATEMENT IS THAT
AS A REPUBLICAN WE DON'T MAKE
THE RULES HERE THIS BILL WILL
GET PASSED IS BEING JAMMED
THROUGH IN A FAST APPROACH. I'M
JUST WATCHING ON THE WALL I'M
GONNA TELL YOU THIS IS REALLY
SCARY FOR ANYBODY THAT'S TO A
CONSTITUENT OR BUSINESS PERSON
IN CALIFORNIA. THIS IS SOCIALISM
THIS IS PUSHING THE GOVERNMENT
TO PICK WINNERS AND LOSERS
BECAUSE WE DON'T LIKE OIL IN
CALIFORNIA SO WE'RE GOING TO GO
AFTER THAT AND I'M NOT SAYING
THAT. THEY THEY I GUESS MAYBE
TEN- CUT COULD HAVE GOT TOGETHER
I MEAN IT REALLY THE MARKET WE
HAVE. MANY THINGS IN ALREADY IN
PLACE THE AG'S OFFICE COMMENTED
ON. THEIR LAWSUITS AND I LOOKED
UP THE ONE HE'S THEIR KERR THIRD
THIS IS FROM ROB BONTA READ. THE
THAT WE ARE CURRENTLY ENGAGED IN
LITIGATION AGAINST TO
MULTINATIONAL. GAS TRADING
COMPANIES. TRADING FIRMS FOR
ALLEGEDLY MANIPULATING
CALIFORNIA'S GAS PRICES IN
COSTING CONSUMERS MORE TO POP IN
THE WAKE OF THE TORRANCE
REFINERY. THOSE ARE REFINERS
DOES OR TRADE PEOPLE WHO TRADE
NOW THOSE OF YOU. WHO LIKE. IF
YOU UNDERSTAND HOW COMMODITIES
WORK ALL COMMODITIES I'M A
FARMER. I HAVE A WORLDWIDE
COMMODITY I SELL AND IT'S
TRADED. ON THE FUTURES MARKET NO
DIFFERENT THAN OIL OR- EGGS OR
MILK IT FOR. LUMBER ALL THOSE
THINGS ARE TRADED AND THOSE
MARKETS ARE MANIPULATED AND ARE
MANIPULATED BY TRADERS AT THE
STOCK MARKET. NOT BY THE PEOPLE
WHO PRODUCE THEM LIKE ME. I JUST
WANT TO SAY. YOU KNOW WHEN THE
LEGISLATURE PICKING WINNERS AND
LOSERS. IT'S REALLY SCARY WE'VE
BEEN DOING THAT THIS GOVERNOR'S
BEEN VERY AGGRESSIVE ON.
EXECUTIVE ORDERS. AND THE LIGHTS
AND I THINK THIS IS BEING FAST
TRACKED AND I THINK IT'S SCARY-
WE'RE MOVING TOWARDS SOCIALISM
OR WE'RE GOING TO PICK WINNERS
AND LOSERS. AS THE- A GOVERNING
BODY AND THEY REALLY THINK THAT
I THINK SURPRISES ME ABOUT THIS.
IS THE SECTION THREE. IS WHERE
YOU'RE GOING TO ACTUALLY. TELL
THESE. REFINERIES WHEN THEY'RE
GONNA SHUT DOWN AND WHEN THEY'RE
NOT GONNA SHUT DOWN I'M A
FARMER. WE CHANGE ON THE TRACTOR
EVERY TIME IS SUPPOSED TO BE
CHANGED. BUT SOMETIMES INTO JUST
BLOWS UP AND WHEN IT BLOWS UP
IT'S DONE UNTIL WE HAVE TO FIX
IT RIGHT THEN. AND IT DOESN'T
PERFORM ANYMORE SO YOU'RE GONNA
HAVE AN AGENCY THAT'S GOING TO
COME THROUGH NOW AND DECIDE HOW
THEY'RE GOING TO. SIX OR KEEP
THEIR MAINTENANCE UP ON THEIR ON
THE REFINERS I THINK THAT'S
INTERESTING IN THE LAST POINT
MISTER CHAIRMAN. I THANK YOU FOR
INDULGING ME. HIS ROUTE THE
REALLY IRONIC PART IS IT NOTHING
HAPPENS UNTIL TWENTY TWENTY
THREE. TWENTY THIRTY THREE. THE
CDC HAS THE ABILITY PROTECT.
MOST OF US WON'T BE HERE. FOR
MAKING THESE DECISIONS I SURELY
WON'T BE HERE. BUT I THINK
THAT'S A RUNNING IF WE'RE GOING
TO IF WE'RE GONNA DO SOMETHING
LET'S DO IT LET'S FIND OUT WHAT
THE HECK'S GOING ON. WE CAN
ACTUALLY FIGURE IT OUT IN A MORE
TIMELY MANAGER WE HAVE PUSHED
OFF. MANY OF THESE THE CLIMATE
CHANGE BILLS TO TWENTY THIRTY
FIVE AND WE HAVE NO PROCESS HOW
WE'RE GONNA GET THERE SO. I
THINK THAT'S FAST AS WELL THANK
YOU MISTER CHAIRMAN FOR ALLOWING
ME TO HAVE SOME COMMENTS. I
THINK HIS FIRST YEAR IN
EXCEPTION RUBIO. THANK YOU
MISTER CHAIR AND- EVERYONE HERE
TODAY AND I'M- REALLY ENCOURAGED
BY ALL THE CONVERSATIONS THAT
I'VE BEEN HAVING EVERY SINGLE
DAY- AND I WANT TO THANK
EVERYONE FOR MAKING THIS ISSUE.
A PRIORITY IT IS. EXTREMELY
IMPORTANT THAT WE- REALLY FOCUS
ON WHY WE'RE HERE AND THAT'S
BECAUSE- BUT- LIKE ALL OF MY
COLLEAGUES WE'VE HAD SO MANY OF
OUR RESIDENTS. STRESSED TEEN.
AND EXPRESSING THEIR CONCERNS.
THEY HAVE BEEN. DEVASTATED BY SO
MANY ISSUES THAT ARE GOING ON
AND I KNOW THAT WE CANNOT JUST
TALK ABOUT THIS ISSUE IT.
WITHOUT ACKNOWLEDGING EVERYTHING
ELSE THAT COMES WITH IT WE JUST
CAME OFF OF. A PANDEMIC. MY
RESIDENTS ARE EXPRESSING KNOW
LOSS OF EMPLOYMENT. THEY GO TO
THE SUPERMARKET AND THEY- DON'T
GET THE SAME AMOUNT OF
GROCERIES. WITH THE SAME AMOUNT
OF MONEY THEY COME OUT WITH
LESS. AND WE CAN GO ON AND ON
AND ON BUT THE REALITY IS THAT
OUR- RESIDENTS ARE HURTING.
CALIFORNIANS ARE HURTING AND SO
WE DEFINITELY NEED TO TAKE A
HARD LOOK. AT HAVE THE HARD
DISCUSSIONS ABOUT HOW DO WE FIND
SOLUTIONS AND COME UP WITH WITH
AT LEAST A BILL WHICH I BELIEVE
WE HAVE HERE BEFORE IS THAT.
THAT STARTS THAT CONVERSATION
AND I WANTED TO ACKNOWLEDGE TWO
THINGS YOU KNOW I'VE VERY VOCAL
ABOUT. TRYING TO ENSURE THAT WE
DO WHAT'S RIGHT AND THEY WERE
BALANCE WHERE WE'RE NOT.
INTENDING TO DO SOMETHING FIRST
THAT AT THE END ENDS UP HURTING
THE CONSUMERS WHICH ARE THE
PEOPLE THAT WE INTEND TO
PROTECT. AND I KNOW THAT I HEARD
MY COLLEAGUE SAY HOW FAST
ASSISTS AND I'LL BE THE FIRST
ONE TO ADMIT THAT THAT'S NOT HOW
I LIKE DOING BUSINESS BUT I CAN
AT LEAST SPEAK TO MY EXPERIENCE
THAT. I AM VERY APPRECIATIVE OF
THE TIME WE HAVE SPENT AND I
THINK MY COLLEAGUES WILL
PROBABLY. TRY MEN WE SPEND SO
MUCH TIME HAVING DISCUSSIONS
INTERNALLY WITH EACH OTHER WITH
THEIR COLLEAGUES. I MEAN I DON'T
SEE THE GOVERNOR OFTEN AND I
THINK I'VE SEEN THEM. TWICE LAST
WEEK TWICE THIS WEEK AND HE
SPENT A LOT OF TIME IN HIS
OFFICE WITH ME ANSWERING
QUESTIONS AND AT LEAST. PRESSING
YOU KNOW. WHAT HE WANTS TO DO
AND TAKING TIME TO AT LEAST
LISTEN TO SOME OF OUR CONCERNS
WHICH TO ME WAS REALLY
CRITICALLY IMPORTANT BECAUSE- I
KNOW THAT WE HEAR THAT THINGS
ARE MOVING FAST AND AGAIN THAT'S
NOT. HOW WE DO THINGS BUT THIS
IS AN IMPORTANT ISSUE. AND OUR
RESIDENTS DON'T WANT LONG
EXPLANATIONS THEY DON'T WANT TO
KNOW. ALL THE DETAILS THEY JUST
WANT TO KNOW WHAT ARE YOU DOING
ABOUT IT AND RIGHT NOW THIS IS A
TIME TO CONTINUE TO WORK ON THIS
ISSUE. I WAS NOT ON BOARD
NECESSARY IN THE ORIGINAL BILL
I'VE EXPRESSED A LOT OF CONCERNS
I ASKED A LOT OF QUESTIONS. BUT
YOU KNOW THAT TO TESTAMENTARY
AUTHOR THANK YOU TO THE AUTHOR
OF THE GOVERNOR AND EVERYONE
ELSE THAT'S INVOLVED THAT. NOW
WE HAVE A DIFFERENT. OF THE AND
THAT BECAUSE- WE WERE ASKING THE
HARD QUESTIONS EXPRESSING OUR
CONCERNS AND TELLING THEM WHAT
WE WANTED. AND A LOT OF THE
CONCERNS THAT I WAS EXPRESSED IN
YOU KNOW I SEE IN THIS NEW
VERSION AND YES IT'S NEO AND-
WILL CONTINUE TO MOVE IT THROUGH
THE PROCESS BUT I WAS. YOU KNOW
FOR ME ACCOUNTABILITY IS VERY
IMPORTANT BUT NOT NECESSARILY
CANNOT BELIEVE NECESSARY JUST
FOR THE INDUSTRY BUT FOR ALL OF
US. AND THE FACT THAT WE HAVE AN
AUDIT TRIGGER WHICH WAS
IMPORTANT TO ME TO BE ABLE TO
COME BACK AND- ANALYZE TO SEE IT
IF THIS IS WORKING. NOT WORKING
WHAT CAN WE DO TO IMPROVE IT.
WAS CRITICALLY IMPORTANT. I
DIDN'T THINK THE FIRST VERSION
OF THE BILL THAT JUST
AUTOMATICALLY PENALISE PEOPLE I
DON'T THINK THAT WAS A GOOD GOOD
IDEA AND I EXPRESSED IT AND
AGAIN. HERE WE ARE WITH THE-
DIFFERENT. BILL THAT TO
ADDRESSES THAT PARTICULAR ISSUE
. THE FACT THAT- THAT WE HAVE
THIS- COMMISSION THAT'S GOING TO
ALLOW FOR DIFFERENT PERSPECTIVES
AND DIFFERENT VOICES WAS ALSO
THAT WAS VERY IMPORTANT TO ME.
WELL WE HAVE THE FIRST ORIGINAL
BILL IT WAS JUST A TRIGGER AND I
DON'T THINK ANYBODY HAD ANY SAY
SO IN AND HOW IT WAS DONE BUT I
THINK THAT. THIS ALLOWS FOR
CONVERSATION AND FOR MANY
STAKEHOLDERS TO SIT AT THE TABLE
REALLY EXPRESS. YOU KNOW WHAT
THE C. AND SO I YOU KNOW I DON'T
WANT TO BELABOR THE POINT BUT
AT. AT THE END OF THE DAY. ARE
CONSUMERS ARE RESIDENTS ARE
CALIFORNIANS ARE DYING. I MEAN
THEY'RE LITERALLY STRETCH THEN.
SOME OF MY COULD. RESIDENTS ARE
EXPRESSING HOW THEY HAVE TO. YOU
KNOW DECIDE RIGHT NOW HOW MUCH
FOOD THEY BUY BECAUSE HE
COULDN'T AFFORD TO DRIVE AND I
HOW TO SAVE A LOT OF OUR
COMMUNITIES THAT ARE LOW INCOME.
SPANISH SPEAKING. BOB LIKE THE
COMMITTEES THAT I REPRESENT HAVE
TO TRY. TWICE AS LONG TO GET TO
THEIR JOBS. BECAUSE I THINK
SOMEONE ALREADY EXPRESSES YOU
KNOW THE HOME AFFORDABILITY
ISSUE IS A BIG ISSUE. AND
UNFORTUNATELY THEY HAVE TO DRIVE
TO GET TO THEIR JOBS AND SO.
AGAIN WHEN I THINK OF THIS ISSUE
AND I THINK OF WHAT WE'RE TRYING
TO DO HERE IS TRYING TO MAKE
SURE THAT CALIFORNIANS. HAVE A
REPRIEVE FROM EVERYTHING THAT'S
BEEN ON TOP OF THEM RECENTLY-
AND SELL TO THE AUTHOR I DO HAVE
A COUPLE OF QUESTIONS IF I MAY.
I THINK SOMEONE WAS TALKING
ABOUT- THE CONFIDENTIALITY ISSUE
AND THAT WAS A BIG CONCERN AND
IT'S STILL WITH US AND SO I WANT
TO GIVE YOU A CHANCE TO FIFTY
PLEASE TO REALLY ADDRESS THAT
ISSUE. ABOUT JUST HAVING THE
INFORMATION OUT THERE. I THINK
AS MR GARCIA WHO POST
ACQUISITION AND I REALLY WOULD
LIKE TO. HEAR YOUR RESPONSE.
THANK YOU- AS MR. OUR
REPRESENTATIVE FROM WHISPER
POINTED OUT- AND- THERE IS A- A
SET OF DATA. THAT IS PROTECTED
IN TERMS OF PRIVACY- AND- THE
WAY THE BILL IS CONSTRUCTED. ANY
DATA. THAT MEETS THOSE PRIVACY
CONCERNS. WOULD OF COURSE BE-
ONLY GIVEN TO THE WOULD BE
COLLECTED FIRST. IN A FORM THAT
RESPECTS THE LEGAL- ASIANS
AROUND THAT. AND THEN
SECONDARILY. WHEN PROVIDED TO
ANY AGENCY LIKE THE ENERGY
COMMISSION WOULD BE DONE IN AN
AGGREGATE FORM WHICH IS ALLOWED
VERSES IDENTIFYING A SINGLE
COMPANY- I CAN TURN TO THE
GOVERNOR'S OFFICE IF SHE WANTS
IF A MISCARRIAGE HAS WANTS TO
ELABORATE ON THAT. BUT THIS WAS
CONSTRUCTED UNDERSTANDING BOTH
FEDERAL AND STATE LAW THAT
PROTECTS COMPANIES AND THEIR
PRIVACY REGARDING THEIR BUSINESS
PRACTICES BUT GO AHEAD. BUDGET
STAD BRIEFLY SENATOR IF THAT
STATE LAW THAT HAS PROTECTED THE
PRIVACY AND CONFIDENTIALITY OF
THIS DATA HAS DONE SO FOR FORTY
THREE YEARS IN CALIFORNIA AND WE
INTEND TO CONTINUE PROTECTING
THOSE- CONFIDENTIALITY CONCERNS
I THINK MR GARCIA RAISE THE
ISSUE OF SHARING DATA WITH
LEGISLATIVE STAFF. AND AS THE
AUTHOR NOTES THE BILL
SPECIFICALLY OUTLINES THAT THAT
DATA WOULD BE AN AGGREGATE AND
ANONYMOUS FORM SO WE DO NOT
SHARE THE CONFIDENTIALITY.
CONCERNS RAISED BY THE INDUSTRY
. THANK YOU AND I TO HAVE
ANOTHER CONCERN I'VE BEEN VERY
VOCAL JUST AS IT PERTAINS TO
ANYTHING BUSINESS IN GENERAL
JUST TECHNOLOGY INTEREST THE
DIFFERENCE BETWEEN A BIG COMPANY
IN A SMALLER COMPANY AND I KNOW
THAT ONE OF THE SPEAKERS-
MENTIONED THE DIFFICULTY IN
TRYING TO COMPLY WITH OTHER
REQUIREMENTS IF YOU'RE A SMALL
BUSINESS AND- I MEAN I JUST WANT
TO HEAR FROM ANYBODY THERE'S ANY
CONSIDERATION. TO MAYBE CONTINUE
TO WORK THE BILL SO THAT WE CAN
HELP THE SMALL. COMPANIES
ANYBODY LIKE TO ADDRESS ON. THE-
THE DATA REQUIREMENTS FOR
EXAMPLE WOULD NOT BE LEVIED AS
FAR AS I CAN TELL FROM READING
CAREFULLY THE BILL AND ANY
COMPANY THAT IS SMALL WOULD WE
WOULD CONSIDER SMALL BUSINESS-
THE OTHER THING I WANTED TO
MENTION IN RELATIONSHIP TO THE
PRIVACY. THE- THE- MARKET
ADVISORY COMMITTEE THE COMMITTEE
OF EXPERTS. WOULD HAVE TO THERE
WOULD BE NONDISCLOSURE
AGREEMENTS SIGNED. AND
ADDITIONALLY THERE WOULD BE-
THERE IS A REQUIREMENT THAT THEY
NOT IN- IF ONCE THEY LEAVE THEIR
POSITION. THAT THEY NOT BE
INVOLVED IN ANY BUSINESS
ACTIVITY RELATED TO THIS FOR. AT
LEAST A PERIOD OF YEAR. SO THERE
ARE SOME FIVE. BOTH THE COOLING
OFF PERIOD THE NONDISCLOSURE
AGREEMENT AND THEN THE
CONSTRUCTION THAT ALREADY
RESPECTS BOTH STATE AND FEDERAL
LAW. SO TO BE CLEAR THAT COOLING
OFF PERIOD WOULD BE A YEAR
CORRECT YES EIGHT EIGHT EIGHT
FIVE APPRECIATE EVERYTHING THAT
THAT'S BEEN DONE HERE AND JUST
THE TIME AND ENERGY PUT INTO
THIS AND I KNOW BECAUSE I'VE
BEEN PART OF SO MANY OF THOSE
CONVERSATIONS JUST PRIVATELY. I
DON'T NECESSARILY THINK THIS IS
A PERFECT BILL YET I THINK THAT
THERE'S- ROOM FOR THOSE
CONVERSATIONS TO CONTINUE IN
TERMS THAT IF YOU DON'T LIKE THE
CLEAN OFF PERIOD LIKE MAYBE. IT
JUST A LITTLE BIT LONGER I MEAN
THERE'S SO MUCH MORE THAT WE CAN
STILL DO BUT BUT I DO KNOW THAT
WE COME A LONG WAY FROM WHERE WE
WERE AND WHERE WE ARE NOW AND I
THINK THAT. A LOT OF THE
CONCERNS THAT I PERSONALLY HAVE
WITH INITIAL BILL HAVE. YOU KNOW
BEEN ADDRESSED IN LARGE PART OF
THE YOU KNOW IT'S STILL NOT
FULLY THERE BUT I'D WANT TO BE
SUPPORTIVE AND THE- AND AS I
STATED THE AMOUNT OF. TIME THAT
THE GOVERNOR HAS GIVEN ALL OF US
IN THE AMOUNT OF TIME THAT OUR
COLLEAGUES IN ALL OF US HAVE.
BEEN PUTTING INTO THIS I THINK
IT'S- A TESTAMENT TO WHY. YOU
KNOW HOW IMPORTANT IT IS AND
THAT WE WANT TO GET IT RIGHT AND
SO I WILL DEFINITELY SUPPORT IT
BUT I WANT TO MAKE SURE THAT WE
CAN SEE THAT CONVERSATIONS AND-
I REALLY CONTINUE TO TAKE AND
THOSE. THOSE SUGGESTIONS AND
GIVE IT A GOOD LEXELL THANK YOU
SO VERY MUCH THEN THERE IS ALSO
INCLUDED ANNUAL REPORTS TO THE
LEGISLATURE SO OF COURSE. IF THE
LEGISLATURE AT ANY POINT SEIZE
THE NEED TO DO SOME ADJUSTMENTS
OR CLEAN UP. THE LEGISLATURE.
OBVIOUSLY HAS THAT RIGHT. THANK
YOU AND THANK YOU MISTER CHAIR.
THANKS IN OF YOUR NEXT CENTER.
WHEN I THINK- WHEN I THINK THE
GUY TEAM. THANK OUR WITNESSES
HERE TODAY OFTEN THE AUTHOR FOR.
ALL HER WORK. THAT WE NEED TO
MAKE SURE THAT BIG OIL IS NOT
MANIPULATING THE MARKET. PRICE
GOUGING OR OTHERWISE USING ITS
MARKET POWER TO HARM EVERY DAY
CALIFORNIANS. FOUR PUNISH
CALIFORNIA FOR PURSUING
AGGRESSIVE CLIMATE POLICY. THESE
COMPANIES. COLLECTIVELY MADE TWO
HUNDRED BILLION DOLLARS. IN
TWENTY TWENTY TWO AS WE PER TWO
HUNDRED BILLION DOLLARS. AND SO
THIS IS REALLY ABOUT PROTECTING
CALIFORNIANS. AT THE SAME TIME
WE DO NEED TO RECOGNIZE THAT IS
GOING TO BE TRICKY. EVEN IF THE
INDUSTRY HAS THE BEST OF
INTENTIONS. TO MANAGE A STABLE
SUPPLY AND DEMAND IN THE FUELS
MARKET. BUT TO SUPPORT A
CONTINUING NEED FOR FUELS EVEN
AS WE AGGRESSIVELY. LOOK TO
DECREASE DEMAND OVER TIME. SO I
DO BELIEVE THAT THIS BILL.
TACKLES BOTH THESE PROBLEMS
PROVIDING OVERSIGHT. AND
DETERRING. MARKETING MARKET
MANIPULATION IT ALSO TRYING TO
PUT IN PLACE PLANNING EFFORTS TO
MAINTAIN STABILITY. DURING A
MANAGED DECLINE IN THE MARKET SO
I WILL BE SUPPORTING THE BILL
TODAY. I HAD ONE OTHER COMMENT
AND THEN ONE QUESTION- YOU KNOW
IT'S- IT'S AT THE VERY POSITIVE
THAT WE'RE TRYING TO PROTECT
CONSUMERS FROM PRICE SPIKES. AS
WE GO THROUGH AS I MENTIONED
IT'S EXPECTED THAT PERIOD OF
DECLINE AND INFRASTRUCTURE
RETIREMENT. BUT I'M ALSO
CONCERNED ABOUT THE LACK OF
PLANNING TO DO TO MAKE SURE WE
ACTUALLY CHIEF THAT TRANSITION
AWAY FROM FOSSIL FUELS WHILE
PROTECTING WORKERS IMPROVING
FRONTLINE COMMUNITIES AIR
QUALITY. SO I THINK THAT
TRANSPORTATION FUELS TRANSITION
PLAN IS GREAT. BUT I THINK WE
KNOW WOULD LOOK TO CONTINUE TO
DO MORE TO MAKE SURE WE FULLY
DRESSED. HOW CALIFORNIA ACTUALLY
MAKE THE TRANSITION- MAKE SURE
WE RETAIN THIS ADEQUATE SUPPLY
AND STABLE SUPPLY OF THESE ALL
OF THESE CURRENT FUELS. INTO WE
DON'T NEED THEM ANYMORE. I
QUESTIONS REALLY ABOUT THE
PLANNING DISTRIBUTION THE
PENALTY MONEY THAT'S IN THE
PROGRAM. WHO'S GOING TO BE
PLANNING FOR THE DISTRIBUTION
AND USE OF THOSE FUNDS. TIME IF
. BECAUSE THERE'S ALWAYS AND IF.
THERE'S EVER A PENALTY LEVIED.
THE FUNDS- FROM THAT PENALTY
WOULD BE PLACED IN THE- THIS
PENALTY FUND. IN THE OFFICE OF
THE TREASURY. AND IT IS THE
LEGISLATURE THAT WOULD
APPROPRIATE THAT MONEY AND THE-
THE LANGUAGE IN THE BILL IS THAT
IT WOULD HAVE TO BE FOR THE
SPECIFIC PURPOSE OF ADDRESSING
CONSEQUENCES OF THAT PRICE
GOUGING. THANK YOU. PROBABLY
WITH THAT FOR NOW I APPRECIATE
AGAIN ALL THE AUTHORS HARD WORK
THE END OF THE FORTY REST MY
COLLEAGUES. THANK YOU NEXT UP IS
CENTERED AROUND SO. THANK YOU
MISTER CHAIR- I DO WANT TO SPEAK
TO THE FACT THAT WE HAVE HAD.
MUCH INFORMATION MUCH
CONVERSATION OVER THE LAST
SEVERAL MONTHS FROM. THE DAY
THAT THE GOVERNOR ANNOUNCED THAT
WOULD BE A SPECIAL SESSION ON
THIS WE DON'T HAVE THE DETAILS
BUT- YOU COULD TELL BY THE TITLE
OF IT- PRICE GOUGING YOU KNOW
WHAT IT WAS ABOUT- THEN IN
DECEMBER BECAME AN OFFICIAL
SESSION. I SPOKEN TO BOTH
GOVERNOR'S OFFICE STAFF THE
GOVERNOR INDUSTRY MET WITH
INDUSTRY LEADERS OTHERS WE HEARD
FROM EXPERTS THROUGH OUR PANEL
SO- UNLIKE OTHER THINGS THAT
MIGHT GET. PUSHED THROUGH ON A
FASTER TIME FRAME THAN I WOULD
LIKE I THINK THE ISSUE THE
FUNDAMENTAL ISSUE THERE'S BEEN
NO SECRET- AND NOW WE'RE GETTING
INTO INTO MUCH MUCH MORE OF THE
DETAIL WHICH BY THE WAY HAS
CHANGED IT HAS THE SOME PEOPLE
SAY EVOLVED. AUTHORITIES TODAY-
AND I WILL BE SUPPORTING IT
BECAUSE I BELIEVE THAT MOST OF
MY ISSUES WERE TAKEN INTO
ACCOUNT THERE'S. ONE ISSUE THAT
HAS NOT BEEN. IN THE WAY THAT I
WOULD EXPLICITLY LIKE FOR IT TO
BE INCLUDED- AND SO I GUESS THE
QUESTIONS TO THE AUTHOR OR ANY
ANYONE ELSE IS. THE KIND OF
INFORMATION THAT WE ARE. GOING
TO EXPECT AND- FROM THE FROM
FIRST SPECIAL SPECIFICALLY FROM
THE INDUSTRY. IS HAVING TO DO
WITH- PRICING AND THE WAVES OF
THE INDUSTRY FUNCTIONS- BUT
WE'RE NOT ASKING FOR THE KIND OF
INFORMATION WHEN IT COMES TO.
ADDRESSING HELD THIS BILL WILL-
ADDRESS THE NEEDS OF
CALIFORNIANS LOW INCOME
CALIFORNIANS COMMUNITIES OF
COLOR WHO NEED IT THE MOST WHO
NEED THE PROTECTION FROM THE
PRICE GOUGING THE MOST. WHO NEED
THE PROTECTIONS AS VULNERABLE
COMMUNITIES WHO DO NOT HAVE THE
POWER ON THEIR OWN- AND REALLY
EXPECT US TO ADDRESS THIS OF
THIS ISSUE- WHEN WE HAD WON THE
COVETED HIT US AND WE WERE
FACING THE PANDEMIC. WE WERE.
AND GAZED DIRECTLY WITH THE
ISSUE OF THE VIRUS I UNDERSTAND
THAT THERE'S NO PROBLEM WE HAD
TO ADDRESS THAT ISSUE BUT IT
TOOK US TOO LONG. TO ADDRESS AND
GET INFORMATION ABOUT SPECIFIC
COMMUNITIES HOW THEY WERE BEING
IMPACTED BY THE VIRUS WHERE
THOSE COMMUNITIES WERE WHY WERE
THEY IMPACTED BY THE VIRUS AND
WE FINALLY GOT TO THAT. AND TOO
MANY PEOPLE LOST THEIR LIVES
BECAUSE WE WERE SO SLOW AND DEL-
DIGGING INTO THOSE PARTICULAR SO
I THINK WE USE THE TERM. WE VERY
RARELY USE THE TERM IN THE IN
THE BILL ITSELF THE ANALYSIS
MAKES SOME GENERAL REFERENCE TO
EQUITABLE ATTY- AW I HAVE A BILL
RIGHT NOW BEFORE CARP- TO GIVE
US MORE INFORMATION ON THE
IMPACT OF OUR CLIMATE GOALS. ON
THE COMMUNITY ON SOCIAL ECONOMIC
IMPACT SO I WOULD ASK MY I RAISE
THIS WITH SEVERAL PEOPLE WE NEED
THAT KIND OF INFORMATION THAT
CANNOT JUST BE ABOUT THE
INDUSTRY IS LIKE WHAT ABOUT THE
SMALL BUSINESSES WHAT ABOUT THE
PEOPLE WHO RELY. ON AND HOW MUCH
THEY RELY ON AND WHAT THEY NEED-
SO I WOULD REALLY. LIKE THAT TO
BE MUCH MUCH MORE EXPLICITLY
ADDRESSED AND NOT JUST SORT OF
LEFT UP TO POUNDS THANK YOU.
THANK YOU CENTERMAN. BUT I THINK
I COULD JUST QUIT ARE CERTIFIED
WINNERS BONNER CAN. SENATOR
DRUGS TO APPRECIATE YOUR POINTS
BECAUSE- WHILE IT IS NOT
EXPLICIT IN THE BILL BECAUSE-
ART OF WHAT IT BEFORE A PENALTY
COULD BE ISSUED THERE WOULD HAVE
TO BE THE DATA COLLECTION IS TO
GIVE. THE ADVISORY COMMITTEE IN
THE COMMISSION THE ABILITY TO
ASSESS WHETHER THE MARKET IS
BEING MANIPULATED IN SUCH A WAY
OR THE PRICES ARE BEING
MANIPULATED IN SUCH A WAY THAT
WOULD CREATE THIS THRESHOLD OF
COACHING. NOW OBVIOUSLY THE- IF
A PENALTY IS ISSUED. THE WAY THE
LANGUAGE AS I'VE STATED SAYS
THAT THE LEGISLATURE WOULD
APPROPRIATE TO DEAL WITH THE
CONSEQUENCES AT THAT POINT THE
LEGISLATURE WOULD HAVE THE
ABILITY. TO DIRECT IT IN BECAUSE
IT IS NOT SPECIFIC HERE THAT IF
THE LEGISLATURE WERE TO FIND AND
THERE IS GOOD EVIDENCE ALREADY
THAT- MANY OF OUR- LOWER WAGE
WORKERS END UP HAVING TO DRIVE
FARTHER TO JOBS. AND THAT AT
LEAST TO DATE THEY ARE MORE
LIKELY TO BE STILL IN A GAS
POWERED VEHICLE FOR EXAMPLE AND
THAT ALSO- WHEN OTHER PRICES GO
UP BECAUSE SO IN OTHER WORDS
WHEN GAS PRICES GO UP IT AFFECTS
ALL OF THEIR PRICES- THAT. WAY
GIVEN THE THERE'S LESS
DISPOSABLE INCOME MORE THEY ARE
MORE AFFECTED LOWER INCOME
FAMILIES BECAUSE THEY THEY'RE
YOU KNOW EVERYTHING THAT THEY
ARE PAYING FOR IS IMPACTED BY.
SUCH PRICES SO CERTAINLY AT THAT
POINT AND I DO NOT MEAN TO SAY
THAT IT SHOULD WAIT TILL THEN
I'M ONLY REFERENCING HOW IT IS
CONSTRUCTED NOW THE LEGISLATURE
WOULD HAVE THE ABILITY. TO
DIRECTED ANY ME IN A WAY THAT
COULD ADDRESS THAT BECAUSE IT
GIVES THE LEGISLATURE THE
AUTHORITY TO ADDRESS IT IN TERMS
OF THE CONSEQUENCES OF THE PRICE
GOUGING BUT IF THE GOVERNOR'S.
OFFICE WOULD ALSO LIKE TO SPEAK
TO IT. THE ONLY THING WOULD ADD
SAN THAT PROTECT LOWING
COMMUNITIES IS AT THE HEART OF
THIS EFFORT HAS THE SENATORS
OUTLINED WE KNOW THAT LOW INCOME
COMMUNITIES ARE
DISPROPORTIONATELY IMPACTED BY
THESE HIGH PRICES. AND
EVERYTHING YOU SEE IN THE
PROPOSAL IS TO ROOT OUT THOSE
PRICING ISSUES THAT WE'VE SEEN-
I'LL ALSO DRAW YOUR ATTENTION TO
OUR ADVISORY COMMITTEE WHICH HAS
A SPECIFIC SEAT FOR A COMMUNITY
MEMBER COMMITTEE ORGANIZATION.
TO MAKE SURE THAT THEIR
PERSPECTIVES ARE VERY MUCH-
HEARD DIVIDE THAT DIVISION AND
BY THE ENERGY COMMISSION AS THEY
UNDERGO THE RULE MAKING AND TO
ENSURE THAT THERE AT THE TABLE
GOING FORWARD. IF IT JUST FOLLOW
UP I APPRECIATE BOTH OF YOU YOUR
YOUR ANSWERS BECAUSE BUT JUST
LIKE WE'RE NOT RELYING ON ON THE
CONCLUSION. THAT PRICES YOU KNOW
. HIS COACH IN THE STATE PLACE
NOW WE SHOULD NOT RELY ON OUR-
GENERAL UNDERSTANDING OF WHAT IS
TAKING PLACE IN OUR COMMUNITIES
LET'S GET THE SAME AMOUNT OF
INFORMATION AS WE ARE. TOWARDS
THE INDUSTRY THANK YOU. THANK
YOU CENTERMAN. I THINK YOU
SHOULD BRADFORD THANK YOU TO THE
WITNESSES HERE TODAY- THIS IS I
SAID AT THE LAST HEARING I DON'T
BELIEVE WE HAVE A SMOKING AND WE
DON'T HAVE ACTUAL PROOF OF
COLLUSION HERE BUT- I ALSO THINK
THAT IT'S MISSING THE POINT
BECAUSE- WHAT'S BECOME CLEAR AS
WE'VE LOOKED INTO THIS IS THAT
THIS IS A FUNDAMENTALLY. BROKEN
MARKET. AND THAT THE PRIMARY
BENEFICIARIES OF THIS BROKEN
MARKET HAVE BEEN THE OIL
REFINERS. THEY WERE MAKING
RECORD PROFITS IN FACT THEY WERE
ISSUING MASSIVE DIVIDENDS
ENGAGING IN HUGE SHARE BUYBACKS.
AT A TIME WHEN CALIFORNIA
CONSUMERS WERE PAYING RECORD
PRICES SEVEN DOLLARS EIGHT
DOLLARS IN MY DISTRICT- PER
GALLON. AND THAT REALLY IS
OUTRAGEOUS AND ACCORDING TO THE
CONSUMER WATCHDOG PROFITS FROM
CALIFORNIA WERE 30% HIGHER THAN
ANYWHERE ELSE IN THE WORLD.
AGAIN THEY JUST WANT TO LET THAT
FACT SINK IN. SO CAN I CAN'T I
DON'T KNOW THAT THERE'S PROOF OF
COLLUSION HERE- BUT THE MARKET
WAS BROKEN AND THE BENEFICIARIES
OF IT WERE THESE OIL COMPANIES.
AND THAT WAS ON THE BACKS OF
CALIFORNIA CONSUMERS. AND WHAT
HAPPENED HERE IT WAS A MORAL
OUTRAGE I SHARE THE SENTIMENTS
OF MY COLLEAGUE FROM LOS
ANGELES. I HAVE CONSTITUENTS
EVEN IN MY PART ORANGE COUNTY
WHO HAVE BEEN STRUGGLING THROUGH
THIS ECONOMY. I STRUGGLING WITH
RISING FOOD PRICES AND MANY OF
THEM HAVE HAD TO MAKE THOSE
TOUGH DECISIONS OF FILLING UP
THEIR TANKS GOING TO WORK. AND
PERHAPS BUYING FOOD HAVING TO
CHANGE SOME OF THEIR HABITS
BECAUSE OF WHAT'S HAPPENING
RIGHT NOW WITH OIL PRICES. AND I
THINK IT'S AN OR A MORAL
OBLIGATION OF THIS BODY TO TRY
TO FIX THIS MARKET REALLY IS
FINALLY BROKEN. NO I DON'T
PRETEND TO HAVE ALL THE ANSWERS
ON WHY IT'S BROKEN BY WILL NOTE
THE CONSOLIDATION OVER THE PAST
SEVERAL DECADES HAS BEEN A KEY
FACTOR. IN THE IN THE FACT THAT
TODAY 96% OF OIL YOU REFINE THE
STATE CALIFORNIA IS PRODUCED A
REFINED BY FIVE COMPANIES FIVE
COMPANIES. ACCOUNT FOR OVER 96%
OF OIL REFINING THE STATE.
OBVIOUSLY THAT CREATES A MASSIVE
ABILITY TO MANIPULATE MARKETS TO
COLLUDE EVEN WITHOUT EXPLICIT
COLLUSION. OR GAUGE MINT. THE
FACT THAT WE HAVE AN OPAQUE AND
THINLY TRADED. SPOT MARKET ALSO
CONTRIBUTES TO THAT A COMPLEX OF
CHAIN A LOT OF. INTO MARKET THAT
WE NEED TO NOW I WILL BE THE TO
SAY I DON'T THINK THIS THE
PERFECT PROPOSAL- BUT I DO
APPRECIATE THE STRIDES THAT YOU
HAVE MADE IN GETTING IT. TO A
PLACE THAT I FEEL MORE
COMFORTABLE WITH. I WANT TO
THANK MY COLLEAGUE SENATOR
SKINNER SENATOR BRADFORD MANY
OTHERS- FOR WORKING I WANT TO
THANK THE MINISTRATION I KNOW
THERE ARE A LOT OF LATE NIGHTS.
IN TRYING TO GET THIS PROPOSAL-
IT IMPROVED BASED ON THE
SUGGESTIONS OF SOME OF US THE
LAST HEARING. I THINK IT'S A
SOLID FRAMEWORK THAT ADDRESSES A
LOT OF THE MAJOR PROBLEMS WITH
THIS MARKET- YOU HAD MADE THIS
PROPOSAL BETTER- YOU'RE DRESSING
SOME OF MY CONCERNS ON THE SPOT
MARKET AND ITS OPACITY. YOUR
ADDRESSING MY PARTICULAR CONCERN
THAT I THINK MANY OTHERS SHARE.
ABOUT ENSURING A STEADY SUPPLY
BY BY. AUTHORIZING CC HERE TO.
CREATE RESERVES IN REQUIRED
RESERVES FROM THESE COMPANIES-
YOU YOU HAVING REGULAR REPORTING
FROM THE C. C. AN AUDIT WILL
HELP US BETTER UNDERSTAND THIS
MARKET THAT IS VERY VERY
COMPLEX- IT. IT AGAIN I WOULD
JUST EMPHASIZE WHATEVER WE MAY
THINK A THIRTY THOUSAND FOOT
LEVEL THERE'S NO QUESTION IN MY
MIND OR I THINK ANYONE LOOKING
AT THIS RATIONALLY. THAT THE
MARKET'S NOT WORKING. AND WE
HAVE TO FIX IT AND THIS MAY NOT
FIX IN A SINGLE SHOT- BUT IS A
GOOD START. AND I DO THINK THAT
AS LONG AS WE HAVE A MARKET IN
WHICH THAT WE HAVE 96% OF OIL
BEING PRODUCED BY. FIVE FIRMS.
THAT WE IT IS THE ONLY TRADED
THE WAY OUR MARKETS TRADED WE'RE
GONNA HAVE SOME PROBLEMS WITH
IT. AS I GUESS MY QUESTION TO
YOU AFTER THAT IS. YOU KNOW
GIVEN THAT CONSOLIDATION SEEMS
TO BE A MAJOR FACTOR. IN THIS
THAT YOU KNOW YOU REALLY STATE
CONCENTRATION HERE. IS THAT
SOMETHING THAT CCD MINISTRATION.
IS PREPARED TO LOOK INTO AS FAR
AS ADDRESSING REVERSING THAT
TREND IN CONSOLIDATION IS THAT
SOMETHING YOU'RE PREPARED TO
TALK TO FEDERAL GOVERNMENT ABOUT
AS WELL. BECAUSE THIS IS NOT A
PROBLEM UNIQUE TO CALIFORNIA
EVEN IF. WE ARE PROBABLY IN THE
MOST EXTREME. PHASE OF IT. THANK
YOU SENATOR FOR COMMON- WE DON'T
EXPLICITLY ASK THE ENERGY
COMMISSION TO LOOK AT THE ISSUE
OF. REVERSING CONSOLIDATION BUT
AS SENATOR BACKER REYES THERE
ISN'T COMPREHENSIVE EFFORT TO
LAY OUT THE- TRANSITION PLAN
AWAY FROM PETROLEUM. WHILE
ENSURING A RELIABLE AND
AFFORDABLE FUELS FOR TODAY AND
TOMORROW- FOR ALL OF THOSE THAT
ARE STILL DRIVING GAS POWERED
VEHICLES SO I WOULD SAY AS- PART
OF THAT PLAN LOOKING INTO- WHAT
CONSOLIDATION HAS DONE TO OUR
MARKET AND POTENTIAL WAYS TO
REMEDY THAT. DISCUSSIONS THAT
MIGHT NEED TO HAPPEN WITH THE
FEDERAL GOVERNMENT WOULD
ABSOLUTELY BE A PART OF THAT
PROCESS. THANK YOU THANK YOU.
MISTER CHAIRMAN IF I MAY I GOT
SCREWED CENTERED IN THE DESERT
APPRECIATE THE QUESTION AND YOU
AND I TALKED A LITTLE BIT ABOUT
THIS. IT JUST WE SHOULD BE CLEAR
EACH. THIS POLICYMAKERS.
CALIFORNIA MARKET IS LARGELY
CALIFORNIA POLICY CREATED MARKET
. AGAIN TWENTY FIVE YEARS I'VE
BEEN DOING THIS I'VE SEEN
STEADILY. INCREASING POLICY
DEMANDS THAT ARE UNIQUE TO
CALIFORNIA. FROM REFORMULATED
GASOLINE IN THE NINETIES. WE
THOUGHT THIRTY TO TWENTY
REFINERIES. EXTREME EXPENSIVE-
INVESTMENTS NECESSARY. LOW
CARBON FUEL STANDARD CAP AND
TRADE APPLYING TO FUELS. THERE'S
SO MUCH UNIQUE ABOUT
CALIFORNIA'S- MARKET THAT AND
MAYBE FOR GOOD REASON IT MAY BE
FOR CLIMATE POLICY FOR AIR
QUALITY REASONS- BAY AREA AIR
QUALITY MANAGEMENT DISTRICT
AGGRESSIVE POLICY SOUTH COAST
AGGRESSIVE POLICIES. BUT VERY
UNIQUE THE CALIFORNIA. WE HAVE A
UNIQUE FIELD A UNIQUE FEEL
SPECIFICATION. IS THE MARKET-
BROAD AND- THRIVING NO IT IS
UNIQUE WHAT YOU HAVE CREATED A
UNIQUE MARKET INTENSELY IN
CALIFORNIA. SO TO CREATE IT AND
THEN WONDER WHAT'S GOING ON IS A
LITTLE BIT MISSING THE POINT.
BUT I WOULD SAY YOU'RE DOING IT
AGAIN NOW ACTIVELY DOING IT NOW
. THERE WERE JUST A SCOPE PLAN
THAT ASSUME AND REQUIRE NINETY
FOUR FOR REDUCTION IN REFINING
CAPACITY IN CALIFORNIA. SO WE
CAN'T HAVE ONE HEARING ONE WEEK
TO SAY. WE GOT TO GET TO THOSE
TARGETS IN THE NEXT WEEK HAVE A
HEARING SAYING HOLY COW WE DON'T
HAVE REFINING CAPACITY. THEY'RE
ACTUALLY RELATED AND THAT IS A
CALIFORNIA UNIQUE AND WE SHOULD
JUST BE AWARE OF IT BUT TO
INVESTIGATE AND WONDER WHY IT'S
GOING ON- HEY IT IS MISSING THE
POINT THAT WE HAVE A LOT TO DO
IN THAT RESPECT. AND THAT'S WHY
WE DON'T HAVE EXXON IN
CALIFORNIA TO USE AN EXCELLENT
EXAMPLE OF THEIR GLOBAL PROFITS
- HOPEFULLY SYSTEM IS
UNDERSTANDING THAT EXXON NO
LONGER OPERATES IN CALIFORNIA.
BUT IT'S FOR THAT VERY REASON WE
CREATED A UNIQUE REFINING
MARKET. THAT THEY OPTED OUT OF.
THAT OTHER REFINERS MAY OPT OUT
OF. BY THE WAY ON THE
CONSOLIDATION ISSUE. THAT IS THE
ROLE OF THE ATTORNEY GENERAL
THAT IS WHAT UNIQUELY THEY HAVE
DONE FOR THE LAST TWENTY TO
THIRTY YEARS EVERY TIME THERE'S
BEEN. A REFINERY UP PURCHASE
CONSOLIDATION MERGER. V.
INVESTIGATE THEY DO IT
THOROUGHLY THEY EXERCISE THEIR
AUTHORITY THEY HAVE. SO I DON'T
THINK THAT'S SOMETHING THAT.
CALIFORNIA'S LACKING IN. THANK
YOU. SURE I'M ALLOWED TO RESPOND
BRIEFLY CHAIR- MR GARCIA RAISES
. A NUMBER OF COMPELLING POINTS
AROUND THE CARP SPECIFICITY.
SPECIFICITY AROUND OUR FUEL THE
LOW CARBON FUEL STANDARD THE CAP
AND TRADE PROGRAM ALL OF WHICH
THIS LEGISLATURE HAS BOLDLY
ENACTED. I WOULD POINT OUT THAT
NONE OF THOSE CHANGED LAST FALL.
WHEN GAS PRICES SPIKED TO SIX
DOLLARS AND FORTY ONE CENTS NOT
A SINGLE ONE OF THOSE PROGRAMS.
PART OF OUR MENTAL FEES. WHY DID
WE SPIKED TO TWO DOLLARS AND
SIXTY ONE CENTS ABOVE THE
NATIONAL AVERAGE. THOSE FEES
WHEN YOU ADD THEM UP. MAYBE
EXPLAIN A DOLLAR DIFFERENCE NOT
TWO DOLLARS AND SIXTY ONE CENTS
. THAT IS WHY WHAT YOU HAVE
BEFORE YOU IS A COMPREHENSIVE
PROPOSAL TO LOOK UNDER THE HOOD.
AND ASK THOSE QUESTIONS BECAUSE
WE INVITED ALL FIVE REFINERS TO
THE ENERGY COMMISSION HEARING
WHEN WE WERE TRYING TO FIGURE
OUT WHAT IT HAPPENED AND NONE OF
THEM SHOWED. THEY HAVEN'T
RESPONDED THEY HAVEN'T ANSWERED
OUR QUESTIONS WE HEAR THE SAME-
ISSUES AROUND SUPPLY AND DEMAND
WHEN IN FACT OUR REFINERS HAVE
MET CALIFORNIA DEMAND. EVERY
YEAR. AND THEN THEY EXPORT THE
REST OF THE PRODUCT. YES WE HAVE
A UNIQUE OPERATING MARKET WE
HAVE REQUIRED THE REFINERS TO
MAKE CLEANER FUELS THEY HAVE
DONE THAT. WHY DID THEY CHARGE
CALIFORNIANS EIGHT DOLLARS A
GALLON. THANK YOU. NEXT UP
SOONER GONZALEZ. SORRY NO THE
GOING BACK AND FORTH BUT THANK
YOU SO MUCH FOR THIS ROBUST
DISCUSSION I JUST ALSO WANT TO
SEND MY- MY THINKS MY GRATITUDE
TO- SENATOR SKINNER FOR DOING
THIS INCREDIBLE WORK NOT JUST
NOW BUT SHE'S BEEN DOING THIS
FOR A VERY LONG TIME AND OF
COURSE OUR GOVERNOR'S OFFICE AND
MANY OF OUR COLLEAGUES WHO. HAVE
DONE THIS IT IS HISTORIC AND-
WHAT MY MIND BOGGLES OF AROUND
IS WHY DATA IS SUCH A BAD THING-
DATA I THINK WE CAN ALL AGREE IS
IMPORTANT- AS MENTIONED YOU KNOW
NONE OF OUR OUR ENVIRONMENTAL
FEES HAD HAD GONE UP- BUT YET
SOMEHOW CALIFORNIANS WERE. YOU
KNOW WERE WERE PAYING MUCH MORE
AT THE PUMP. IT'S I KNOW WEEK WE
KEEP SAYING THIS BUT NEEDS TO BE
REITERATED I'M JUST WONDERING
WHY DATA IS THIS IS A BAD THING
AND I WOULD LOVE TO HEAR FROM
FROM YOU MR YEAH AND THAT'S A
TRICK QUESTION BUT WHY. ABSOLUTE
THAT IS A GOOD THING.
UNDERSTANDING AND WE WOULD
ENCOURAGE THIS LEGISLATURE
REGULARS TO UNDERSTAND BETTER
UNDERSTAND THE MARKET. HOW YOU
PROTECT THAT DATA IS THE PRIMARY
CONCERN WHO RECEIVES THAT DATA.
AND WHAT THEY'RE GONNA DO WITH
THAT DATA IS A CONCERN GETTING
DATA. WE'VE BEEN PROVIDING DATA
TO THE- TO THE- ENERGY
COMMISSION UNDER PIRATE FOR
FORTY YEARS NOW. HAS NEVER BEEN
A PROBLEM. CANNULAE MONTHS. OR
WEEKLY SOMETIMES DAILY.
DEPENDING ON THE KIND OF
CONDITIONS IN THE MARKET. WE
HAVE PROVIDED THAT INFORMATION
TO THE ENERGY COMMISSION. TO SIT
HERE AND SAY THAT WE DON'T KNOW.
YOU'VE HAD THE INFORMATION. WHAT
YOU HAVEN'T HAD INFORMATION ON
IS SUPPLYING DEMAND. WE'VE
ENCOURAGE YOU TO GET THAT
INFORMATION FOR THE LAST TEN
YEARS. BUT DATA YOU HAVE THAT
YOU WANT MORE DATA. WILL LOOK AT
THE SPECIFICS BUT WE START WITH
. WHO GETS IT AND HOW DO YOU
PROTECT. I KNOW REFER YOU BACK
TO THE ATTORNEY GENERAL'S
EXISTING COMPLAINT. THOSE ARE
NOT REFINERS THOSE ARE GLOBAL
MARKET TRADERS THAT KNOW WHAT TO
DO WITH THE DATA. WELL SOME
FOLKS WHO ARE GOING TO GET
INFORMATION OR THEY MAY NOT KNOW
WHAT TO DO WITH IT THEY MAY NOT
KNOW HOW TO D. AGGREGATE DATA.
BUT FEELS MARKETS THEY KNOW WHAT
TO DO WITH IT AND WE WOULD BE WE
WOULD CAUTION YOU TO PROTECT THE
INFORMATION. THAT'S A STARTING
POINT. RIGHT OKAY WELL I
APPRECIATE THAT ANSWER AND I
JUST THINK IT WOULD EVEN HELP
YOU WITH THE ATTACK IS TO
MENTION TO THE SUPPLY DEMAND-
DISCUSSION AS WELL AS THE SAFETY
MAINTENANCE REPORTING OUT I
THINK THAT HELPS ALL OF US
ESPECIALLY THE- RHETORIC YOU
PROVIDED ON. ON ALL OF THOSE
THOSE ELEMENTS- AND THEN LASTLY
I JUST WANT TO GET CLARIFICATION
TO- THE PRICE GOUGING PENALTY
FUND ADDRESSING THE CONSEQUENCES
OF PIPE PRICE GOUGING AND WE'VE
KIND OF. DISCUSSED THAT BUT WHAT
DOES WHAT WOULD THAT ACTUALLY
LOOK LIKE FOR A CONSUMERS IN
CALIFORNIA. THE WAY THE BILL IS
CONSTRUCTED THAT WOULD BE UP TO
THE LEGISLATURE. I'M AT THE
POINT THAT THERE WAS- MONEY IN
THE FUND. FOR THE LEGISLATURE TO
DETERMINE. AND OBVIOUSLY THERE
HAVE BEEN NO DIFFERENT IDEAS TO
PUT SPECIFICS IN- BUT- I THINK
WE FELT- AND YOU KNOW IN THE
LAST CONSTRUCTION THAT RATHER
THAN. MANDATING A FUTURE
LEGISLATURE YOU MUST SPEND IT IN
THIS WAY. BECAUSE YOU NEVER KNOW
WHAT THE CONDITIONS ARE AT THE
POINT THAT. IF TO NUMBER ONE IF
PRICE GOUGING OCCURS NUMBER TWO
IF THE PENALTY IS ISSUED AND
THERE'S FUNDS. WHAT IS THE
APPROPRIATE- REMEDY TO ADDRESS
THOSE CONSEQUENCES IS IT FOR
EXAMPLE- REBATES TO THOSE HIT
HARDEST BY THIS PRICE SKATING
COACHING. OR IS IT THAT YOU KNOW
THERE'S ANY NUMBER OF OPTIONS
CLEARLY THAT A FUTURE
LEGISLATURE COULD TAKE. BUT IT
ALLOWS THEM TO. TO WEIGH WHAT
THE CIRCUMSTANCES ARE AT THAT
MOMENT IN TIME. THANK YOU AND
AGAIN I WANT TO THANK YOU AND I
LOOK FORWARD TO SUPPORTING THIS
BILL AND CONTINUING TO WORK
WITH- ALL THE AGENCIES INVOLVED
THANK YOU. THANK YOU CENTER
GROVE. THANK YOU MISTER CHAIR.
THANK YOU FOR THE INFORMATION
THAT YOU PROVIDED WE'VE I'VE
BEEN TRYING TO GO THROUGH IT
OBVIOUSLY BECAUSE I'M 70% OF THE
STATE'S OIL AND GAS COMES FROM
MY DISTRICT. I JUST I HAVE
SEVERAL QUESTIONS I DON'T HAVE A
BIG COMMENTARY OR ANYTHING LIKE
THAT IS OUR VAN AND-
CALIFORNIANS CONSUME ONE POINT
EIGHT MILLION BARRELS OF OIL
EVERY SINGLE DAY. AND WE IMPORT
MOST OF THAT OIL FROM FOREIGN
COUNTRIES- YEAH I DO HAVE A
COUPLE OF QUESTIONS AND I AND
I'M SORRY I KNOW BECAUSE OF THIS
ISSUE BEING SO I DON'T SEE
VOLATILE OR SO- AS- DAVIS IF I
GUESS- I DO HAVE A COUPLE
QUESTIONS AND I'M NOT BEING
CONDESCENDING I'M TRULY WANTED
TO KNOW IF YOU UNDERSTAND WHAT.
WHAT THIS POLICY SAYS AND SO I'M
NOT TRYING TO BE CONDESCENDING.
DO YOU IS THERE AND CAN YOU GIVE
ME THE DEFINITION OF A PRODUCER
. ANYBODY GO AHEAD. FROM THE
GOVERNOR STAFF IS FINE. A
PRODUCER. SOMEONE WHO PRODUCES
OIL TAKES IT OUT OF THE GROUND.
AGAIN NOT BEING CONDESCENDING
CERTAINLY ONE MOMENT. JUST
FINDING THE REFERENCE THANK YOU
YES SIR.
WHAT YOU'RE LOOKING I ONLY ASK
BECAUSE EVERYBODY HAS REFERENCED
BIG OIL BIG. THEIR SIGNS BIG OIL
BIG OIL OIL HAS DONE THIS. SO I
JUST WANT THE DEFINITION OF. THE
PRODUCER FIRST AND THEN WE'LL
MOVE TO BIG OIL. AND SENATOR
WHILE WE CONTINUE LOOKING I'M
NOT SURE WE SPECIFICALLY DEFINED
THE TERM PRODUCER WE DO
SPECIFICALLY DEFINE WHAT ARE
REFINING COMPANY IS WHAT OF
RETAIL STATION IS SEEN.
DIFFERENT PARTS OF THE SUPPLY
CHAIN OF GASOLINE PRODUCTION IN
CALIFORNIA OKAY IF YOU'RE ASKING
ABOUT EXTRACTION ASKING THE THIS
IS WHY I'M ASKING IT SAYS IN THE
BILL OF SEVERAL TIMES PRODUCER
OF OIL REFINER. I CAN GO THROUGH
AND- PAGE LET'S JUST START I
MEAN WE CAN START GOING THROUGH
THE BILL AND ALL THE LANGUAGE-
TRANSACTION BE PAGE EIGHTY NINE
FOURTEEN EACH MAJOR EACH MAJOR
OIL PRODUCER REFINERY THIS IS
PRODUCER. ON AND OTHER PAGE
AGAIN IT IDENTIFIES PRODUCERS
IT'S IDENTIFYING A PRODUCER FOR
OR- SO THE WORD PRODUCER KIND OF
BOTHERS ME IN THIS IS WHY. DO
YOU KNOW HOW A PRODUCER'S SETS
THE PRICE PER BARREL. YEAH THAT
IS A GLOBAL A SET PRICE SO I
JUST WANT TO BE CLEAR THAT- HI
WE WILL CLARIFY THIS AND HAPPY
TO FOLLOW UP WITH YOU AND YOUR
STAFF THIS. BILL IS DOWNSTREAM
OF THE EXTRACTION PROCESS OF OIL
BUT THAT'S NOT THE WAY THE
LANGUAGE READ I KNOW I
UNDERSTAND AND THAT'S WHY
LANGUAGE CENTER FIVE DO STUFF
AND I ASSURE YOU OUT OF THE
SEVENTY LITTLE. OIL COMPANIES
THAT I HAVE IN SOME COUPLE OF
BIG ONES IN MY DISTRICT THEY
DON'T SET THE PRICE PER BARREL.
WHETHER IT'S TRADED ON THE
GLOBAL MARKET FOR A HUNDRED AND
TWENTY DOLLARS OR TWENTY
DOLLARS. THEY HAVE BEEN THERE A
PRICE TAKER NOT A PRICE MAKER-
SO TO INCLUDE THE WORD PRODUCER
IN ALL OF THIS LEGISLATION FOR
DATA- REPORTING THAT'S WHAT I'M
TRYING TO GET OUT LIKE WIRE
PRODUCERS. INCLUDED IN THIS DATA
REPORTING. BY ANYBODY I HEAR
YOUR QUESTION SENATOR AND WHAT
WE WILL HAVE TO GET BACK TO YOU
AND YOUR STAFF ON THAT I
APOLOGIZE- SKINNER WILL THIS BE
. AS YOU DESCRIBE PAGE A B. IT
REFERENCE EACH MAJOR PRODUCER
REFINERS. OIL TRANSPORTER FOIL
STORER PIPELINE OPERATOR OR PORT
FOR THROUGH WHICH REFINED
GASOLINE IS IMPORTED OR EXPORTED
SHALL ANNUALLY REPORT
INFORMATION AND OF COURSE THE
INFORMATION WHAT THEY- HAVE TO
REPORT IS THAT MORE SPECIFIC
LATER- BUT I THINK AS THE
GOVERNOR'S OFFICES POINTED OUT.
THIS IS NOT REFERENCING
EXTRACTORS. SO STAYING ON THE
SUBJECT MATTER IS THERE WERE
EIGHT OF WAY TO CLARIFY THAT
BECAUSE IN IN OIL COUNTRY. A
PRODUCER IS SOMEONE WHO EXTRACTS
THE OIL FROM THE GROUND SELLS IT
TO THE REFINER THE REFINERY
FINDS IT. AND SELLS IT TO THE
RETAILER THE RETAILER SELLS IT
TO THE CONSUMER THAT DRIVES THE
GAS POWERED VEHICLE. SO THAT
AGAIN WHEN THIS HIT HIT- THE
AIRWAVES YESTERDAY I BELIEVE IT
WAS YESTERDAY AND SLEEP LAST
NIGHT SO WAS IT YESTERDAY. IT
CAME OUT YESTERDAY SOMEBODY HELP
ME OUT- MONDAY. OKAY TWO DAYS
AGO A LOT OF THE PRODUCERS IN MY
AREA WERE WONDERING WHY THEY ARE
GOING TO BE REQUIRED TO PRODUCE
DATA. ON A DAILY MARKET TRADE
WHERE PRICES IS AGAIN THERE A
PRICE TAKER NOT A PRICE MAKER
AND SO ONE DAY AT TWELVE FIFTEEN
IT SHOULDN'T THE MARKET MIGHT
SELL IT FOR A HUNDRED TWENTY
DOLLARS IN NINETEEN CENTS A
BARREL AND THEN ONE. TWO MINUTES
LATER IT MIGHT CHANGE AND BE
SOMETHING DIFFERENT. BUT THEY'RE
GOING TO BE REQUIRED TO PROVIDE
THAT DATA TO YOU IF THEY WERE TO
SELL TO A REFINERY AT LET'S JUST
CALL IT THREE FIFTEEN IN THE
AFTERNOON. AND THAT'S THE
CONCERN THAT'S ONE OF THE
CONCERNS I HAVE SO CAN WE GET A
BETTER DEFINITION OF THE WORD
PRODUCER HIS PRODUCER IN OUR
WORLD MEANS SOMEBODY WHO
EXTRACTS OIL OUT OF THE GROUND.
TED OKAY. YES YOU'VE ALREADY
HEARD AN EARFUL MANAGEMENT OKAY
MINISTRATIONS IN THE END AND IN
THE LANGUAGE IT ALSO SAYS MAJOR
OIL PRODUCER CAN YOU GIVE ME A
DEFINITION OF A MAJOR OIL
PRODUCER IN AND I'M NOT TRYING
TO BE CONDESCENDING I'M JUST
SAYING. BECAUSE I ASKED FOR A
DEFINITION OUT NO APPRECIATED
AND IT DOES OKAY PACIFY AND SO.
VERY OFTEN BILLS ARE WRITTEN DID
THAT- OBVIOUSLY REFER TO OTHER.
POINTS IN CODE THAT DEFINES SUCH
THINGS HE LEARNED NOT BEING AS
CONVERSANT WITH THAT. I WOULD
ASK THAT WE CAN- ANSWER YOU BACK
BECAUSE THEN WE CAN LOOK INTO
WHETHER THERE IS THAT DEFINITION
IN EXISTING CODE ELSEWHERE. OKAY
THANK YOU MA'AM I REALLY DO
APPRECIATE THAT THANK YOU
SENATOR. AND SO. THAT ANOTHER
DEFINITION LIKE I SAID I
APPRECIATE YOU GETTING THE
PRODUCER LANGUAGE. IT'S AS MAJOR
OIL PRODUCER WHEN I ASKED FOR A
DEFINITION OF A MAJOR OIL
PRODUCER. I GOT THIS. QUOTE
MAJOR OIL PRODUCER CLOSE QUOTES
MEANS ANY PERSON WHO PRODUCES
AND OIL AN AMOUNT TO BE
DETERMINED BY THE COMMISSION IS
HAVING A MAJOR EFFECT ON ENERGY.
SUPPLIES THEN I ASKED WHAT IS A
MAJOR EFFECT ON ENERGY SUPPLIES.
AND I STILL HAVEN'T GOTTEN ANY
ANSWER SO I WOULD LIKE ANSWERS
TO THAT- IF POSSIBLE. I HAVEN'T
I HAD MY COLLEAGUE AND- HERE
REALLY I'M GONNA GO TO THE BONTA
THING AFTER THIS BUT MY ORANGE
COUNTY COLLEAGUES BROUGHT UP
SOMETHING THAT WAS VERY
INTERESTING. TO WELL I HAVE THIS
BECAUSE I'LL GO TO THIS FIRST.
SO- IN NOVEMBER TWENTY NINTH OF
TWENTY TWENTY TWO NOVEMBER
TWENTY NINTH JUST RECENTLY OF
TWENTY TWENTY TO THE CALIFORNIA
INTER CAN ENERGY COMMISSION.
HELD A PUBLIC HEARING TO LOOK AT
THE CAUSES OF THE TWENTY TWENTY
TO GASOLINE PRICE INCREASES. AT
THAT HEARING THE CALIFORNIA
ENERGY COMMISSION EXPERT. THE
CALIFORNIA COMMISSION EXPERT
ENERGY COMMISSION EXPERT ON
GASOLINE PRICING AND SUPPLY
GORDON SHARAT BY BELIEVE HIS
NAME IS IT S. H. R. E. P. SUCK
IN PCS HP C. S. H. R. E. M. P. I
HAVE THE SAME ISSUE THE GOVERNOR
HAS I'M DYSLEXIC SO YOU GOT IT.
JUST GOT ME A LITTLE SLACK. GAVE
THE PRESENTATION THAT SHOWED THE
MAJOR- PRICE FOR OIL SPIKES
DURING THE TWENTY TWENTY TWO WAS
LACK OF SUPPLY SO HE SAID THAT
IN HIS STATEMENT. HOWEVER MY
CONCERN WITH THAT IS THAT IF YOU
GO TO THE CALIFORNIA ENERGY
COMMISSION'S WEBSITE- AGAIN
MAYBE IT'S INACCURATE IT'S
AVAILABLE TO THE PUBLIC MAYBE
SOMEBODY DIDN'T KNOW WHAT THEY
WERE DOING WHEN THIS PUT THIS
INFORMATION AT. THE CALIFORNIA
ENERGY COMMISSION REPORTED ON
THEIR WEBSITE THAT THE AVAILABLE
GALLONS OF REFINED FUEL WAS FIVE
MILLION SIX HUNDRED AND EIGHTY
FOUR THOUSAND GALLONS. I'M
HOPING I'VE GOT THAT CORRECTLY
BUT FIVE MILLION SIX EIGHTY FOUR
THOUSAND. IT TWENTY TWENTY TWO
DURING THAT SAME TIME PERIOD AND
IN TWENTY TWENTY ONE IT WAS FIVE
MILLION FOUR HUNDRED I TOOK IT
BACK THIRTEEN YEARS. WE HAD THE
HIGHEST FUEL SUPPLIES IN THAT
QUARTER. AND IN THAT QUARTER
BASED ON THE INFORMATION THAT'S
ON THE CALIFORNIA ENERGY
COMMISSION'S WEBSITE WITH THE
GRAPHS AND NUMBERS TO SHOW SO
I'D LIKE TO KNOW IF THAT
INFORMATION IS CORRECT OR NOT
CORRECT BECAUSE I CAN ONLY MAKE
DECISIONS BASED ON INFORMATION
THAT'S PROVIDED BY THE
CALIFORNIA STATE GOVERNMENT. AND
THAT'S WHAT THEY GAVE ME- AND
SAMPLES- SO IF YOU GUYS CAN GO
AHEAD MA'AM I'M SORRY- SENATOR
THANK YOU I DON'T HAVE THOSE
NUMBERS IN FRONT OF ME RIGHT NOW
SO I WOULD HAVE TO CHECK WITH
OUR EXPERTS AT THE ENERGY
COMMISSION. I THINK ONE OF THE
ISSUES WE'RE ALL GRAPPLING WITH
IS THE DATA YOU SEE IN FRONT OF
YOU THAT THE ENERGY COMMISSION
PUBLICLY POST DOES NOT COME TO
THE STATE DIRECTLY IS NOT
MANDATED WE NEED TO MAKE SURE
THAT WE HAVE. BETTER DATA ON
INVENTORIES ON PRODUCTION LEVELS
ON IMPORTS AND EXPORTS OF FUEL
THE STATE DOESN'T HAVE A REAL
TIME PICTURE. OF WHAT IS DRIVING
THOSE SUPPLY ISSUES AND SO YOU
KNOW MR GARCIA'S COMMENTED ON
KIND OF THE NEED FOR DATA AND
REPORTING A LOT OF THAT IS
COMING FROM THE EIA OR FROM
OPENS THE THIRD PARTY ADMIT. A
SERVICE THAT THE STATE WOULD
NEED TO SUBSCRIBE TO WHAT WE'RE
JUST ASKING FOR IS FOR THE
INDUSTRY TO SEND THAT
INFORMATION TO US. SO THAT WE
KNOW AHEAD OF TIME IF
INVENTORIES ARE DROPPING AS THEY
DID LAST FALL TO THE LOWEST
LEVEL IN A DECADE. WHY THAT'S
HAPPENING AND EARLY ENOUGH TO
HAVE A CONVERSATION. ABOUT
IMPORTING FUEL OR- ANY NUMBER OF
OTHER KIND OF POTENTIAL.
MITIGATION TOOLS. OKAY SO JUST I
MEAN JUST TO CLARIFY WHEN HE
SAID THE LOWEST ONE ACCORDING TO
THE CALIFORNIA ENERGY
COMMISSION'S WEBSITE. IT WAS THE
HIGHEST. THAT WE HAD IN THIRTEEN
YEARS. I'M GIVING YOU THIS CELL
ARE PROVIDED TO YOU. SO THAT YOU
CAN SEE THE DIFFERENCES BASED ON
WHAT YOU SAID AND THE DATA
THAT'S ON THE ENERGY COMMISSION
WEBSITE- MY COLLEAGUE FROM
ORANGE COUNTY MADE A STATEMENT
ABOUT. BIG OIL MAKING A
PERCENTAGE GROSS MARGIN OF
WHATEVER I FORGOT I DIDN'T I
WROTE IT DOWN SOMEPLACE BUT I
CAN'T FIND IT RIGHT THIS SECOND-
BED. AND SO IF YOU WERE TO LOOK
AT. I HATE TO PICK ON CHEVRON
BIT YOU KNOW. THE QUARTERLY
STOCK REPORT FOR CHEVRON'S
OVERALL COURSE GROSS MARGIN WAS
THIRTY EIGHT PERCENT. THAT'S
BASED AGAIN ON DOWN ON THE
INTERNET THAT'S AVAILABLE FOR-
TRACKING LARGE COMPANIES ON
STOCK MARKETS. SO I MEAN THE
STOCK MARKET COULD BE WRONG BUT-
YOU KNOW JUST LIKE THE CDC COULD
BE WRONG ON THEIR WEBSITE BUT-
JUST. FOR THE DATA THAT'S
AVAILABLE TO US. AND IN
COMPARISON APPLE FOR EXAMPLE HAD
A 43% GROSS PROFIT MARGIN AND
PEOPLE ARE PAYING TWELVE HUNDRED
DOLLARS FOR IPHONES. DO YOU
ANTICIPATE THAT THE GOVERNOR OR
THE ADMINISTRATION WILL COME
AFTER OTHER COMPANIES. I KNOW
UTILITIES THE PRICE IS SET AND
THEY CAN'T CHARGE MORE THAN A
CERTAIN PERCENTAGE OF THE COST
OF THE UTILITY PRODUCTION. BUT
DO YOU ANTICIPATE THAT THIS WILL
AND SENATOR DELHI OR THE VICE
CHAIRMAN SHOULD THE FOOD-
INDUSTRY ISSUE THAT HAPPENS. SO
MY QUESTION IS DO YOU ANTICIPATE
THAT THIS TYPE OF POLICY WILL
FOLLOW OTHER INDUSTRIES OR
COMPANIES. YOU WILL NOTICE THAT
DURING THE PANDEMIC WE DID SET
SOME- SOME LIMITS ON. PRICES IN
ORDER TO AVOID PRICE GOUGING
BECAUSE WE SAW IT RUNS ON
CERTAIN PRODUCTS SO THE STATE OF
CALIFORNIA DID THAT. ON A SHORT
TERM BASIS SO. WHILE I CAN'T
SPEAK FOR THE ADMINISTRATION I
THINK I CAN SPEAK FOR THAT IF
THE LEGISLATURE FINDS. A
CIRCUMSTANCE WHERE THERE IS-
AGREE JUST ACTIVITY THAT IS
PUTTING OUR CONSUMERS AND A VERY
DIFFICULT FINANCIAL SITUATION
FOR WHICH THEY- DID THERE'S NO-
THERE'S NO- AS SOLIDS. OTHER
OTHER THING DRIVING IT THAT WE
WOULD BE SMART TO ACT IN A WAY
TO PROTECT OUR CONSUMERS AS WE
DID DURING THE PANDEMIC. THANK
YOU. GOING BACK TO THE CDC
EXPERT AGAIN- PRESENTED BY THE
ADMINISTRATION THAT CALIFORNIA
G. COMMISSION ON THE TWENTY
THIRD NOVEMBER TWENTY NINE
TWENTY TWO TWENTY TWO HEARING.
ONLINE HE PRESENTED A SLIDE
PROGRAM AND ON SLIDES NUMBER
THIRTY TWO THROUGH THIRTY FIVE-
MAXIMALLY AT IF YOU'RE GONNA GO
BACK AND LOOK AT THE TAPE IT WAS
LIKE AT FIFTY TWENTY TO FIFTY
FIFTY. SEVEN ON SITES THIRTY TWO
AND THIRTY FIVE AND HE PRESENTED
DATA THAT SHOWS THAT GASOLINE
INVENTORIES WERE DOWN FROM
EITHER LOSS OF PRODUCTION OR
LOSS OF IMPORTS. AND I NOTICED
IN THE BILL IN THE LEGISLATION.
AND IN THE BILL BEFORE US IS
THAT THERE IS- LET ME FIND IT
AGAIN I APOLOGIZE AND- THERE IS
- LANGUAGE IN HERE THAT SAYS- ON
PAGE TWELVE OF THE TOP YOU CAN
START ON PAGE ELEVEN AT THE
BOTTOM BUT IT JUST BASICALLY
REQUIRES ALL IMPORTERS EVERY
FINE PRODUCTS AND RENEWABLE
FREEZE VIA MARINE VESSEL. SHALL
REPORT TO THE COMMISSION AT
LEAST NINETY SIX HOURS BEFORE
THE ARRIVAL OF THE MARINE
VESSELS. AND IN THE NAME THE
TANKER THE PRODUCT THE BARGE THE
WHOLE BIT TO GIVE YOU A LIST OF
EVERYTHING THAT HAS TO DO THERE
SO- I NOTICED THAT YOU DON'T
HAVE RAW MATERIAL LIKE RAW OIL
LIGHT CRUDE OIL FROM OTHER
COUNTRIES. BECAUSE AND MR GARCIA
MAYBE YOU CAN ANSWER THIS
QUESTION HOW MUCH ACTUALLY
REFINED PRODUCT DO WE. IMPORT TO
THE STATE OF CALIFORNIA. REFINED
PRODUCT IS IT DEPENDING ON AT A
LIKE IT'S A IT'S A CONSTANT BUT
IT'S BECOMING AND GROWING MORE
SO IT IT DID USED TO BE WITH A
HISTORICALLY WE WERE SELF
SUSTAINABLE IN TERMS OF REFINED
PRODUCT. I DON'T HAVE THOSE THAT
SERVE ESSENTIALS THAT I DON'T
HAVE THOSE NUMBERS IN FRONT OF
ME- BUT I WILL BE HAPPY TO
REPEAT REPLIED- FOLLOW UP WITH
YOU AND YOUR STAFF BUT I THINK
IT. COULD BE GROWING AND THAT IS
AN ISSUE WERE AGAIN PART OF WHAT
WE'RE ASKING TO. CONSIDER IS OUR
SUPPLY DEMAND IMBALANCE BECAUSE
WE ACTUALLY MIGHT BE IMPORTING
MORE. AT OUR UNDERSTANDING AND
WE WOULD CERTAINLY ENCOURAGE
OTHER EXPERTS ENERGY COMMISSION-
TO OPINE ON THIS BUT OUR
UNDERSTANDING IS THE MORE WE
BECOME DEPENDENT ON IMPORTS THAT
IS WHAT'S GOING TO SET OUR
STREET PRICES THAT'S WITHIN SET
RETAIL PRICES. SHIPS COMING IN
FROM SOUTH KOREA FROM SINGAPORE.
OF THE INFO I DON'T KNOW EXACT
NUMBERS BUT I CAN CERTAINLY
FOLLOW UP WITH CENTER SO WE DO
KNOW THAT WE GET REFINED
PRODUCTS RECONVENING. GAS IT'S
ALREADY ON THE TANKER ONE. SO
GAS IT'S ALREADY AND IT'S NOT
OIL IT'S GOVERNMENT'S GAS JUST
RESPOND THERE YES- FROM. WITH
SPENT OIL. OWNED PER. FOR I MET
WITH THEM. IT SHOWED THAT THERE
WE CAN. REFINERS EXPORT SIMILAR
OF RISK PRODUCTS SO WHILE THERE
MAY BE TIMES WHERE WE ARE.
RECEIVING SOME WE ARE ALSO
EXPORTING SADDAM. SO IT MIGHT
HAVE TO CLARIFY THAT SO I GET
YOU KNOW LET YOU ANSWER IN JUST
A SECOND I APOLOGIZE AND MY
UNDERSTANDING AND I COULD BE
WRONG AND YOU CONNECTED YOU KNOW
CORRECT ME IF I AM IS THAT. WE
USE EVERYTHING THAT WE RE FIND
CARING CALIFORNIA. WE USE
EVERYTHING THAT THIS CALIFORNIA
SPEC YES THAT'S CAR BOB. LOOSELY
CORRECT WHAT WE EXPORT HIS NON
CAR BOB BUT IT IS STILL REFINED
GASOLINE IS GUESSING THAT IT
DOES NOT MEET CALIFORNIA SPEC
SPECIFICATIONS INCOME BE SOLD OR
USED IN CALIFORNIA. SO IT'S A BY
PRODUCT OF THE CALIFORNIA
REFINED FUEL CAN YOU CAN'T SELL
IT HERE SO YOU EXPORT INDUSTRY.
AND IT IS IT IS A BY PRODUCT OF
EVERY. EVERY REFINED BARREL OF
OIL YOU COULD REFINE IT FURTHER
AND SELL IT TO THE CALIFORNIA
MARKET. POSSIBLE I DON'T KNOW WE
COULD DO IT ON THE SAME BERYL-
WITHOUT ADDITIONAL
INTERMEDIARIES. MEDIA NOT
RELYING ON AND- WE MEET THAT IN
OF THE CALIFORNIA MARKET AND
EXPORT ADDITIONAL PRODUCTS. I'M
GLAD THE SENATOR HAS RAISED. I'M
GLAD TO AND LETS I'M EXCITED
ABOUT THIS DISCUSSION BECAUSE WE
USED TO PRODUCE ROUGHLY I DON'T
KNOW SOMEBODY HUNDRED THOUSAND
BARRELS NOW WE'RE DOWN ABOUT
FOUR HUNDRED THOUSAND BARRELS IN
STATE PRODUCTION. AND WE'RE
BRINGING OIL AND FROM FOREIGN
COUNTRIES. SO TO REFINE- TOIL.
HELLO WHAT I'M TALKING ABOUT
REFINED PRODUCTS YES SO. FIND
PRODUCTS SO. IF AND- WHAT'S THE
REFINERY AND CLLR CORRECT ME IF
I'M WRONG LET'S SAY REFINERY
FINDS THIS CRUDE. AND THEY'VE
GOT ADICIONAL FUEL THAT'S THERE-
AND THEN WE HAVE A SUMMER BLEND
IT'S IMPLEMENTED. CAN THAT BE
REFINED FURTHER FOR A SUMMER
BLENDERS THAT PRODUCT JUST HAVE
TO BE EXPORTED OUT AND IF YOU
DID REFINE IT TO A SUMMER PLAN
IS AN ADDITIONAL COST OF RUNNING
IT THROUGH THE SYSTEM TWICE. YES
I MEAN IT. SEVERABLE AND RICK.
ADDITIONAL PROCESSING REQUIRES
ADDITIONAL INPUTS. THAT IS WHY
WHEN GOVERNOR NEWSOM. DIRECTED
THE AIRPORT IN SEPTEMBER TO GO.
QUICKER TO A STEP. TO A WINTER
BLEND. WE SAW MORE FUEL SUPPLY.
GOVERNOR SAID A PRESS RELEASE
THAT WE HAVE MORE SUPPLY WE'RE
IMPACTING THE MARKET. BUT IT WAS
SUPPLY BECAUSE WE MOVED AWAY
FROM CALIFORNIA SPECIFIC POLICY.
I WILL NOTE THAT THAT THE BILL
DOES REQUIRE A LOT MORE
INFORMATION FROM IMPORTERS OF
REFINED PRODUCTS THAT WE THAT WE
ARE. GONNA SEE REFINED PRODUCTS
IMPORTED OR NOT. WE EXPECT THAT
THAT'S GOING TO BE SOMETHING
THAT WE SEE A LOT MORE AGAIN.
ESPECIALLY IF WE'RE GOING TO
COMPLY WITH CALIFORNIA'S SCOPING
PLAN AND REDUCE OUR OWN DOMESTIC
REFINING CAPACITY BY NINETY FOUR
PERCENT. WHILE OUR DEMAND
CONTINUES. I JUST WANT TO
CLARIFY THAT SCOPING PLAN IS A
94% REDUCTION IN PETROLEUM USE
NOT REFINING CAPACITY. TO OKAY.
M. I HAVE QUESTIONS I GUESS IF
THE AG OKAY COULD COME TO THE
MICROPHONE OF THE REPRESENTATIVE
FOR THE ATTORNEY GENERAL I JUST
IT COULD BE A TECHNICAL QUESTION
I'M JUST ASKING. ON PAGE
THIRTEEN- IT'S ASKING. FOR ALL
OF THESE ENTITIES. TO AGAIN
LINES TWO THROUGH FORTY AND THEN
CONTINUING ON THE NEXT PAGE. IT
SAYS LIKE THE DATE OF THE
TRANSACTION THE TIME OF THE
TRANSACTION THE CONTRACT IN TO
IDENTIFY IDENTIFICATION THE
CONTRACT POSITION. ALL OF THESE
ISSUES REGARDING THE TRANSACTION
DO YOU THINK THAT DID YOU
PARTICIPATE OR DID THE AG'S
OFFICE PARTICIPATED IN THIS
LANGUAGE I'M JUST CURIOUS. YES
WE ENGAGE IN CONVERSATION. SO
YOU'RE CURRENTLY IN A LAWSUIT
AGAINST TO TRADERS RIGHT A
COUPLE OF TRADERS. YES WE'VE
ONGOING LITIGATION AGAINST US
CAN BE TALL OKAY AND CAN WE- CAN
THEY'RE NOT OIL PRODUCERS. THE
TWO ENTITIES THAT HAVE OUR ON
GOING LITIGATION AGAINST OUR-
TRADE WERE TRADERS. IN THE
GASTRIC MARKET WITH THIRD PARTY
PERSON THAT HAS NOTHING TO DO
WITH PRODUCING OIL BUT I'M
TALKING ABOUT OUR OIL PRODUCERS
IN MY DISTRICT IN KERN COUNTY.
STATE OR ANYWHERE ELSE IN THE
STATE'S PEOPLE THAT PREDICTS
TRACKED OIL OUT OF THE GROUND
THEY HAVE THIS HAS NOTHING TO DO
WITH THEM. THE PARTICULAR
LAWSUIT THAT WE HAVE ON GOING
RIGHT NOW IN SAN FRANCISCO
SUPERIOR COURT. IS ABOUT
CASTRATING FIRMS THAT CAN BE
CALL. WHICH IS A THIRD PARTY
TRADER WE GET INCHES IT'S A
THIRD PARTY TRADING ORGANIZATION
IT'S NOT LIST BUT IT'S NOT
SEPARATE IT'S NOT THE OIL
COMPANIES IT'S A TRAITOR. THAT
ESCALATOR MANIPULATED THE PRICE
OF THE PAPER TRANSACTION THAT IN
THE MOLYBDATE OF PRICE CORRECT.
IN THIS PARTICULAR LAWSUIT BUT
THAT A- THING FOR DISCUSSING
HERE RIGHT ARE ONGOING
LITIGATION AGAINST TRADING FIRMS
ASKING BE TOLD. THAT THE TARGETS
OF. OF DIET CASE THAT
INVESTIGATION OR GAS TRADING
FIRMS THAT'S CORRECT OKAY THANK
YOU THANK YOU FOR THAT M. THE
ED. YOU GUYS DID PARTICIPATE IN
THIS LANGUAGE CORRECT
PARTICIPATING IN LANGUAGE. YES
WE ENGAGE IN CONVERSATIONS WITH
THE GOVERNOR'S OFFICE WITH THE
LEGISLATURE THROUGHOUT.
THROUGHOUT THE DEVELOPMENT OF
THIS BILL ALL THE INFORMATION
THAT IS FIGHT I WOULD THINK AND
I'M NOT AN ATTORNEY AND FIT ALL
THE INFORMATION THAT'S REQUESTED
IN THIS. LANGUAGE LOOKS LIKE IT
IF IT STARTS BEING PROVIDED TO
IMMEDIATELY IT WILL
SIGNIFICANTLY HELP YOU COLLECT
DATA FOR YOUR LAWSUIT IF THESE
ORGANIZATIONS PARTICIPATING THAT
WAS AT THE INTENT. THROUGH OUR
ONGOING LITIGATION. RIGHT- IS.
WELL ONE WAY AND IS ABOUT I
BEHAVIOR DATING BACK TO THE
THOUSAND FIFTEEN TO THE AND SIX.
THIS BILL HAS NO PARTICULAR
BEARING ON OUR CURRENT
LITIGATION. I WILL SAY THAT THE
ATTORNEY GENERAL'S OFFICE HAS
BEEN LOOKING AT THE GAS MARKETS
FOR DECADES RIGHT OKAY AND I
THINK THAT WILL COME AS NO
SURPRISE TO ANYBODY HERE WHO. WE
ALL IN CALIFORNIA STATE
GOVERNMENT HAVE BEEN LOOKING AT
AND CONCERNED ABOUT THE
BEHAVIOUR AND IN THE GAS MARKETS
FOR TICKETS. OKAY I JUST I
THOUGHT IT WAS REALLY
INTERESTING THAT ALL OF THIS
INFORMATION THAT YOU GUYS WOULD
HAVE TO PAY ATTORNEYS TO GO
GATHER AND FIND OUT LIKE FINE
WHEN A PARTICULAR STOCK WAS
TREATED. NOW A COMPANY HAS TO
PROVIDE THAT INFORMATION TO YOU
I JUST KIND OF WANTED TO SET THE
RECORD STRAIGHT THAT. THAT YOU
KNOW AND I APPRECIATE YOU GUYS
HELPING TO DO THAT IS THAT THE
PRODUCER THAT PRODUCES OIL OUT
OF THE GROUND IS NOT I'M SORRY
YOU I APOLOGIZE YOU CAN SIT DOWN
I APOLOGIZE THANK. AND THE
PRODUCER THAT TAKES AWAY A LOT
OF THE GROUND IS NOT SOMEBODY
WHO SETS A PRICE BUT THEY JUST
DON'T SET THE PRICE- AND THEY
HAVE A CONTRACT ACCORDING TO THE
CONTRACT LANGUAGE SO THERE'S A
CONTRACT. IN HERE ABOUT
CONTRACTS THERE'S LANGUAGE ABOUT
CONTRACTS. AND THAT'S REQUIRED
TO BE PROVIDED. I WANTED TO ASK
ABOUT- YOU WANT COPIES OF ALL
CONTRACTS AGREEMENTS ENTERED TO
AN AMENDMENTS AND- FOR THEIR
ARRANGEMENTS. WITH ANY REFINERS
OIL PRODUCERS AGAIN. A PRODUCER
SOME OF THE DISTRICTS ARE LIKE A
PETROLEUM PRODUCT TRANSPORTERS
PETROLEUM PRODUCT MARKETERS
PATROL I MEAN IT'S JUST THE LIST
JUST GOES ON AND ON- IS. MR
GARCIA IS THERE SOMETHING IN
THERE- I DON'T KNOW. DO YOU GUYS
HAVE A STANDARD PRICE THAT IS
SET. FROM PRODUCER A. B. OR C.
SILICEOUS SAY HALF THE WEIGHT
OILER. OR CHEVRON YOU KNOW IS IT
BASED ON VOLUME OF FUEL THAT.
THE CREW THAT COMES TO YOUR THE
REFINING FACILITIES. OR IS IT
INDEPENDENT CONTRACT AND IS
THERE ANY- CONFIDENTIALITY
ISSUES WITH THESE CONTRACTS. AND
IS THERE ANY WAY TO UNDERMINE IF
THE INFORMATION BECOMES PUBLIC
IS THERE ANY WAY TO UNDERMINE
LIKE. I JUST USE MY COLLEAGUES
SITTING NEXT TO ME FROM BUENA
PARK. IF I SUBMITTED THINGS
SAYING THAT- YOU KNOW I'M GONNA
SEND YOU YOU KNOW FIFTY THOUSAND
BARRELS A DAY OR TWENTY THOUSAND
BARRELS A DAY. IS THERE AND AT A
COST DIFFERENCE IN THE CONTRACT
THAT THE REFINERS WOULD CHARGE
SAY MY COLLEAGUES WHO WILL SEND
YOU EIGHTY THOUSAND DOLLARS. OR
EIGHTY THOUSAND BARRELS A DAY
SENATOR APPRECIATE THE QUESTION
I DON'T HAVE THE INDIVIDUAL
SPECIFIC INFORMATION ABOUT
CONTRACTS ALTHOUGH I WOULD
IMAGINE THAT THEY ARE UNIQUELY
ARE DIFFERENT. SOME MAY BE SHORT
TERM LONG TERM THEY MAY GET A
BETTER. DEAL IF IT'S A- LONG
TERM THERE IS A- PICKING EVEN
CAL ABOUT PRICES TO. TWO A- THIS
WHICH IS EITHER INTO OR-
STANDARD. BUT I'M NOT SURE ABOUT
THE- BUT I DO CONCERNS ABOUT
OKAY SHARING THOSE CONTRACTS
JUST JUST TO FY I AND AGAIN I
WAS AND DENSON IS MISTER CHAIR
BUT I'M GONNA MAKE ONE COMMENT
I'M VERY DISAPPOINTED IN BOTH
SIDES. BOTH SIDES AND THE REASON
I SAY THAT YOU COME UP HERE YOU
SEE THIS A LANDMARK LEGISLATION.
IT'S GOT TO BE DONE AND THIS IS
SOMETHING FIRST AND EVER IN THE
HISTORY OF ANY TYPE OF THING YOU
KNOW YOU MADE THIS BIG DEAL
ABOUT ALL OF THAT. AND NEITHER
SIDE CAN ANSWER QUESTIONS THAT
ARE VERY IMPORTANT. TO MAKE SURE
THAT WHAT'S GOING ON HERE IS
ACTUALLY GOING TO PRODUCE. A
LOWER GAS PRICES FOR OUR
CONSTITUENTS. AND THIS IS ALL
ABOUT SUPPLY AND DEMAND IT
REALLY IS IT'S VERY SIMPLE YOU
LEARN THAT IN GRADE SCHOOL. AND
FOR BOTH SIDES NOT TO BE BOTH
SIDES. IN SUPPORT AND OPPOSITION
NOT TO BE ABLE TO ANSWER THESE
QUESTIONS THAT ARE VERY SIMPLE.
LIKE THE DEFINITION OF A
PRODUCER. IT I. IT'S JUST
FRUSTRATING AND SO. THAT'S MY
FRUSTRATION- SO. THANK YOU MUCH-
AND THEN I HAVE YOUR- NAME YOU
ARE GOING TO GIVE ME AND- THIS
INFORMATION REGARDING WHAT THE
DEFINITION OF A LARGE PRODUCE.
OF MAJOR PRODUCER I'M SORRY
VERSES THAT. NINE MAJOR PRODUCER
GREAT. OKAY I'LL GIVE YOU THIS
DEAR YOU HAVE IT. IF I COMMENT
ON MY QUESTION YOU'RE AWESOME
THANK YOU. VERY MUCH. THANK YOU
SENATOR MAGOR. THANK YOU SO MUCH
MISTER CHAIR VERY GRATEFUL-
CHRISTOPHER MY CITIZENS WHO TAKE
YOU MISTER CHAIR FOR YOUR
INCREDIBLE DUE DILIGENCE ON THIS
ISSUE- IN FOR HOLDING ALL SIDES
ACCOUNTABLE AND FOR YOUR
LEADERSHIP- FROM WHERE THIS WAS
TO WHERE IT IS NOW WE SEEN SOME.
MASSIVE CHANGE- I ALSO WANT TO
SAY THANK YOU TO THE GOVERNOR'S
OFFICE FOR THEIR SINCERE
ENGAGEMENT. BY MISS SANCHEZ
MISTER GOLDMAN- THANK YOU SO
MUCH- TO MISS BHAMA. MISS
WILLIAMSON BREAK GRATEFUL. IN
THE- ONE IS EIGHTEEN YOU TO
CENTER SKINNER. INTO PRO TO MAC
AND STUFF. FOR THEIR COMMONSENSE
IN COLLABORATIVE STYLE. AND
WILLINGNESS TO BE ABLE TO MEET
WITH ALL SIDES. AND I THINK THAT
IS ABSOLUTELY CRITICAL AND WHY
WE'VE SEEN THOSE CHANGES TODAY
AND TO. MISS SKINNER AND TO ME
SECONDS THANK YOU. FOR YOUR
INCREDIBLE WORK OVER THESE PAST
MANY MONTHS. IT'S GONNA HAVE
SOME COMMON RESEARCHER IT
THROUGH THE- QUICK. I THINK MY
FRUSTRATION COMING IN TODAY. IS
THAT. NO MATTER IF YOU LIVE IN
LA. OR UP IN CRESCENT CITY. LAST
FALL WE SAW MASSIVE PRICE SPIKES
AT THE PUMPS. N. AS WE HEARD
FROM- REPRESENTATIVES FROM WITH
FOR TODAY. ENERGY POLICY HAS
CONSEQUENCES. BUT WHAT ALSO HAS
CONSEQUENCES IS GREED IN TAKING
ADVANTAGE OF CONSUMERS. SO IF
WE'RE BEING HONEST. CALIFORNIA
CONSUMERS HAVE BEEN FLEECED.
THEY'VE BEEN FLEECED. AND THOSE
WHO HAVE PADDED THEIR POCKETS
HAVE BEEN SOME OF THE BIGGEST
CORPORATIONS IN THE WORLD. IN
THOSE. AS CENTER DRIVE SO
ELOQUENTLY STATED LOS FOR THE
MOST VULNERABLE IN OUR
COMMUNITIES HAVE PAID THE PRICE
. SO LAST FALL. MILLIONS OF
COMMUTERS IN THIS STATE AND
ACROSS AMERICA WE'RE TRYING TO
FIGURE OUT HOW TO BE A TO PAY
THE GAS BILL. WITH THEIR FOOD
BILL. WITH THEIR RENT AND PAYING
FOR MEDICINE. IN HUMBOLDT COUNTY
. LAST FALL GAS WAS HOVERING
BETWEEN EIGHT AND NINE DOLLARS
PER GALLON. IF YOU ARE A MINIMUM
WAGE EARNER IN THIS STATE THAT'S
ABOUT 15% OF YOUR ANNUAL MINIMUM
WAGE IS GOING TOWARDS THE PRICE
OF GAS IN ARCADIA TODAY IT'S
FIVE DOLLARS AND THIRTY NINE
CENTS. STILL TODAY. THE SHELL
STATION IN DOWNTOWN ARCADE.
CALIFORNIA CONSUMERS AS WE'VE
HEARD. FOR PAYING TWO DOLLARS
AND SIXTY CENTS MORE THAN THE
AVERAGE CONSUMER ACROSS AMERICA
AND THIS IS DESPITE THE FACT
THAT GAS TAX GAS TAX IN THE
STATE IS FIFTY FOUR CENTS. FIFTY
FOUR SINCE. I WOULD LIKE TO BE
TO CLARIFY SOME ITEMS HAVE BEEN
ADVANCE HERE TODAY- IT JUST
QUICKLY GO THROUGH- SYSTEM ITEMS
THAT. I'M GRATEFUL TO CENTER
SKINNER FOR. FIRST AND FOREMOST
I THINK WE NEED TO BE CLEAR WE
CAN'T LEAVE THIS HEARING WITHOUT
CLEARING THIS UP THIS ISN'T A
TAX. I HEARD THAT TODAY. ANYONE
THAT SAYS THAT THIS IS A TAX. IS
NOT BEING TRUTHFUL. FOR SOME
WOULD SAY IT'S FAKE NEWS- THE
GOVERNOR'S OFFICE WE HEARD TODAY
THAT THE GOVERNOR'S OFFICE DID
NOT MEET WITH OIL INDUSTRY
REPRESENTATIVES. THAT'S NOT TRUE
. GOVERNOR'S OFFICE MET WITH
WHISPER. GOVERNOR'S OFFICE MET
WITH INDEPENDENT REFINERS. WE
ALSO KNOW. THANKS TO THE
LEADERSHIP OF TERROR BRADFORD IN
THE SKINNER. THE SENATE
OFFICIALLY MET WITH WITH- IN GAS
RETAILERS ALONG WITH OTHER SIDES
OF THIS DISCUSSION. CONSUMER
ADVOCATES. ENVIRONMENTAL GROUPS
. AND LOCAL GOVERNMENT LEADERS.
WE'VE HEARD TODAY THAT THIS MAY
GIVE AN AGENCY. UNBRIDLED
AUTHORITY AND POWER THAT CAN BE
FURTHER FROM THE TRUTH. THERE'S
A SUNSET ON THIS BILL. IF THE
AUDITOR COMES BACK THE STATE
AUDITOR COMES BACK AND SAYS THAT
. THIS IS NOT STABILIZE THE
CALIFORNIA FUELS MARKET. OR HAS
IT REDUCED. GAS SPIKES IN THE
STATE. IN THE PROGRAM GOES AWAY
. WHEN THE LAST TIME THAT
HAPPENED. THE REASON WHY THAT'S
IN THERE IS BECAUSE- BOTH. THE
SENATE AND ASSEMBLY WANTED TO BE
ABLE. TO SEE THAT CHECK AND
BALANCE. AND BY THE WAY. IN THAT
TIME IF THE AUDITOR'S OFFICE
SAYS THAT IT IS NOT REDUCING GAS
BIKES IN SMOOTHING OUT THE FUELS
MARKET. THE LEGISLATURE HAS A
HUNDRED EIGHTY DAYS TO ACT. JUST
LIKE OUR JOB SHOULD BE. IS BEING
A CO EQUAL BRANCH OF GOVERNMENT
. ON THE ADVISORY COMMITTEE. YOU
HAVE TWELVE MONTH COOLING OFF
PERIOD FOR THE GUBERNATORIAL AND
THE LEGISLATIVE SEATS. AND OIL
IN LABOR ALSO HAVE A SEAT ALONG
WITH A COMMUNITY ORGANIZATION ON
THE ADVISORY COMMITTEE. THREE
WITH. SO MANY TIMES WE HEAR THAT
THE EXECUTIVE BRANCH AND I'M NOT
SPEAKING FOR THIS GOVERNOR HERE
BUT LEGISLATURE CAN'T GET ACCESS
TO INFORMATION FROM VARIOUS
AGENCIES. IN THIS REVISED BILL
TODAY. AGGREGATED DATA CAN BE
PROVIDED TO THE PRO TEM'S OFFICE
AND THE SPEAKER'S OFFICE THEY
HAVE TO SIGN LEGALLY BINDING
NONDISCLOSURE AGREEMENTS ON THE
AGGREGATED DATA. BY THE WAY THE
SAME DATA. THAT WOULD BE
AVAILABLE. TO OIL. LABOUR
GUBERNATORIAL AS WELL AS
LEGISLATIVE SEATS. IN ADDITION.
ON THE ISSUE OF RESERVES. WE ALL
WANT TO SEE ENHANCE RESERVES IN
THE STATE THE CDC HAS TO DEVELOP
A RESERVE STUDY GAME PLAN. WITH
BY THAT BY THE END OF TWENTY
TWENTY FOUR HOW REFINERS WILL BE
A TO GET ADDITIONAL RESERVES SO
THAT WHEN WE SEE SPIKES. THAT WE
CAN UTILIZE THOSE RESERVES THERE
IS ENHANCE LANGUAGE ON THE PART
OF JUSTICE OF HOLDING REFINERS
RESPONSIBLE BY THE WAY WE WOULD
WANT THAT TO BE ABLE TO BRING
EASE TO THIS FUELS MARKET. ON
THE PENALTY HOW MANY TIMES HAVE
WE HEARD. CONCERN ABOUT AN
AUTOMATIC PENALTY BEING
IMPLEMENTED. THIS NEW PLAN THAT
IS IN FRONT OF A CITY THIS NEW
BILL THIS THERE HAS TO BE A RULE
MAKING PROCESS. BASED OFF OF
SOME VERY CLEAR POINTS. THAT THE
PENALTY WILL NOT LEAD TO HIGHER
AVERAGE PRICES AT THE PUMP. WILL
NOT LEAD TO A GREATER IMBALANCE
BETWEEN SUPPLY AND DEMAND. AND
THAT EXEMPTIONS FROM THE PENALTY
ARE SUFFICIENT TO ALLOW GREATER
MARGIN BEFORE MAKING PRODUCTION
DECISIONS. THE REASON WHY I
BRING THAT UP. WHY IS THERE SUCH
A FIGHT ABOUT DATA. AND THIS IS
A DATA INFORMED DECISION AT THE
CALIFORNIA ENERGY COMMISSION
BEFORE A PENALTY CAN EVEN BE
ENACTED THEY HAVE TO PROVE. THAT
THAT'S- GOING TO SMOOTH OUT
PRICES AND BY THE WAY THE RULE
MAKING IT IS SUBJECT TO
LEGISLATIVE AND JUDICIAL REVIEW
. OKAY I'M GONNA END IT RIGHT
HERE AND SAY THIS. IN AGAIN JUST
WANNA SAY THANK YOU TO TEAR
BRADFORD AND IN PARTICULAR TO
SINNERS SKINNER. IF WE ARE
SERIOUS ABOUT PROTECTING. ONE OF
ALL RESIDENTS IN THE STATE. WE
HAVE TO FOCUS ON THE COST OF
FUELS THE COST OF FOOD. BRENT IN
ACCESS TO HEALTH CARE. FULL
STOP. IN THE THIS WILL BE A
MASSIVE BENEFIT FOR THOSE
CONSUMERS. IF ANYTHING GOES AWRY
AS YOU SHOULD BE. WE WILL HAVE
AN AUDIT REPORT COMING BACK TO
US. THAT HAS THE FULL AUTHORITY
TO SUNSET THE PROGRAM BY TWENTY
THIRTY THREE. THANK YOU SO MUCH
MISTER CHAIRMAN GRATEFUL FOR ALL
THE WORK THAT WENT INTO TODAY.
THANK YOU SENATOR DOT. S. THANK
YOU MISTER CHAIRMAN. YOU KNOW.
WHEN THE FIRST WHEN THE FIRST.
NOTICE OF THE SPECIAL SESSION
CAME OUT I WAS FRANKLY PRETTY
ANNOYED ABOUT- YOU KNOW THE
APPROACH WONDERING WHAT WAS.
WHAT WAS REALLY UNCLEAR TO ME
WAS EVEN AS WE GOT DOWN TO THE
NITTY GRITTY ON THE BILL WHEN IT
CAME OUT- HOW DOES THIS REALLY
IMPACT I LISTEN TO ACADEMICS. I
WERE ON THE C. P. TRIPS THERE
AND LISTEN TO PROFESSOR FROM CAL
AT STANFORD USC YEAH THEY HAD
SOME REAL CONCERN. AS I HAD THE
CONCERNED ABOUT A READY FIRE AIM
APPROACH THAT I FELT WAS. GOING
ON WITH THIS BILL. BUT WELL.
WHAT WAS NOT UNCLEAR TO ME AND I
TALKED TO THE OIL COMPANIES AND
ANOTHER EVENT THAT WE ARE AT IN
NOVEMBER WITH THEM AND THEY HAD
THEIR PANELS. WAS YOU DIDN'T DO
A VERY GOOD JOB OF EXPLAINING.
WHAT THE GAP WHAT REALLY WAS NOT
EVEN CLOSE TO A GOOD JOB AND SO
IT LEAVES US IS LEGISLATORS IN A
POINT WHERE WE'RE WONDERING YOU
KNOW WHAT DO WE DO. TO PROTECT
OUR TO PROTECT OUR CUSTOMERS SO
WERE THE HEARING I THINK WAS A
COUPLE WEEKS AGO NOW SEEMS LIKE
FOREVER AGO BUT I THINK IT WAS
ONLY. A COUPLE WEEKS AGO AND I
ASK THE QUESTION WHAT THE HELL
ARE WE THE END UNINTENDED
CONSEQUENCES. OF THIS
LEGISLATION THAT WAS FIRST AND
FOREMOST. IN MY MIND. AND NOW I
GUESS I GOTTA SAY I'M HAPPY TO
SAY THAT. GOVERNOR NEWSOM IN THE
LEGISLATURE WORK LIKE HELL TO
ADDRESS. MANY OF THE UNINTENDED
CONSEQUENCES WE'VE HEARD FROM MY
COLLEAGUES THIS IS NOT A PERFECT
BILL VERY FEW BILLS THAT COME
THROUGH THE LEGISLATURE. QUALIFY
AS PERFECT BILLS I COULD TELL
YOU THAT. BUT THIS BILL NOW
MANDATES OF THE LIBERTY OF
PROCEDURE DRIVEN BY FAX. EXPERTS
WHAT'S BUILT IN SAFEGUARDS IN
THE OFF RAMPS WITH MY COLLEAGUES
SENATE MCGUIRE JUST SPOKE TO
INSURE CALIFORNIA CONSUMERS. ARE
PROTECTED. IT INDEPENDENT
EXPERTS CONCUR THAT THESE
MEASURES TO ADDRESS THE ISSUES
THAT WERE PRETTY PREVIOUSLY
RAISED. THIS IS EXACTLY IN MY
VIEW WHAT'S SUPPOSED TO HAPPEN.
TO THE LEGISLATIVE PROCESS
ANYWAY PEOPLE KEEP TALK ABOUT
THE LEGISLATIVE PROCESS I'D
RATHER HAVE A GROUP OF EXPERTS.
ON A PANEL. AND I'M NOT TALKING
ABOUT INTEREST GROUPS OF TALK
ABOUT EXPERTS. ALL AND IN THE
END AND- WE FOUND OUT YESTERDAY
THAT IT WILL BE A GROUP OF
EXPERTS THAT WILL BE MAKING
THESE DECISIONS. TO ME THAT'S
WAY BETTER THAN LEGISLATIVE
OVERSIGHT I'VE BEEN HERE FOR
EIGHT YEARS I DON'T THINK WE'VE
DONE A LOT OF LEGISLATIVE
OVERSIGHT- SO I THINK WE DO HAVE
THE PROVISIONS THERE THAT. CAN
PROTECT YOU KNOW THIS BODY. AND
IN WITH THE AUDITOR THE COMPANY
HAD TO BE ABLE TO. MAKE THOSE
CHANGES AND DESPAIR OF THE
PROGRAM IF IT'S NOT. DOING WHAT
TO. WHAT IT'S SUPPOSED TO DO. SO
I AM GOING TO SUPPORT THIS BILL
TODAY- I DO REPRESENT- OIL
COMPANIES IN MY DISTRICT I'M AN
UNABASHED. PLEASE SENATORS
SEYARTO. I'VE BEEN UNABASHED-
SUPPORTER OF CAPITALISM. AT THE
END OF THE DAY WERE ASKED TO
DECIDE ON MANY ISSUES. I DON'T
THINK WHAT WE'RE DOING HERE
TODAY BRINGS US TO A SOCIALISTIC
STATE. OR ANYTHING CLOSE TO THAT
I THINK WHAT WE'VE GOT RIGHT NOW
IS AN OPPORTUNITY TO PROTECT
CONSUMERS. BUT WE DON'T WE
DIDN'T HAVE BEFORE SO I'D LIKE
TO THANK THE AUTHOR FOR A- IN
THE GOVERNOR'S OFFICE AND THE
LEGISLATIVE TEAMS IN THE SENATE
AND THE ASSEMBLY. FOR GETTING IT
ROLLING UP THEIR SLEEVES AND
COMING UP WITH ANOTHER. SOLUTION
THAT WE HAVE BEFORE US TODAY
THANK YOU. THANK SENATORS
UNACCEPTED SOONER RASTRICK.
THANK YOU CHAIRMAN BRADFORD SAID
LIKE TO REALLY THINK- MAJORITY
LEADER MCGUIRE FOR HIS COMMENTS
BECAUSE IT WAS SUCH A GOOD.
SUMMARY OF THE ISSUES FROM WHERE
WE STARTED TO WHERE WE ARE RIGHT
NOW AND THAT YOU REALLY LAID IT
OUT WELL SO FOR PEOPLE WHO'VE
BEEN PAYING ATTENTION FOLLOWING
REALLY LISTENING TO WHAT THE
QUESTIONS AND CONCERNS WERE FROM
THE BEGINNING AND WANTING TO
UNDERSTAND WHERE HAVE WE ARRIVED
IN THIS MOMENT. I WOULD
RECOMMEND. REWIND THE TAPE AND
LISTEN TO WHAT HE SAID BECAUSE
HE LAID IT OUT AS CLEAR AS IT
CAN BE LAID OUT. THIS
CONVERSATION STARTED BY THE
GOVERNOR STARTED BEFORE I
ENTERED THIS BUILDING. BEYOND
THAT I CAN TELL YOU AT THE TIME
THOUGH. I WAS HAVING PLENTY OF
INTERACTIONS WITH VOTERS. AND
THEY WERE CERTAINLY STRUGGLING
AROUND THE COST OF GAS EVERY
DOOR THAT I KNOCKED ON TALK TO
ME ABOUT GAS AND WHETHER OR NOT
THEY COULD GET THEIR KIDS TO
SCHOOL. WHETHER THEY CAN GET TO
WORK IF THEY CAN GET TO DOCTORS
APPOINTMENTS AND REALLY TRYING
TO PLAN THEIR WEEKS AROUND IT
LIKE WHAT ARE WE GOING TO NOT DO
THIS WEEK. SO THAT WE CAN
PRESERVE GAS IN OUR CARS SO THAT
WE CAN. GET THE KIDS TO SCHOOL
OR GET TO CHILD CARE. THAT'S
SCARY. AND HAS TO BE ADDRESSED.
I WAS IMMEDIATELY IMPRESSED BY
THE CALIFORNIA STATE
LEGISLATURE. THIS WAS THE FIRST
TOPIC WHEN I WALKED IN THAT WAS
TAKEN OUT BY THE SENATE. AND THE
SENATE PASSED SUCH INCREDIBLE
QUESTIONS. OF THE GOVERNOR'S
TEAM. AND THEY PUSHED. AND THEY
PUSHED HARD. AND THERE'S A
LEADERSHIP TEAM INSIDE OF THE
SENATE THAT REALLY MOVED TO THIS
FROM WHERE IT WAS TO WHERE IT
IS. NOW THIS COMMITTEE CENTER
BRADFORD CHAIRMAN BRADFORD. HE
HELD OVERSIGHT HEARINGS AND SO
PEOPLE HERE WHO SAID THEY
WEREN'T HEARD AYE. I SAW THOSE
SAME GROUPS IN THOSE HEARINGS
PUBLICLY WHERE HE- HE ALLOW
PLENTY OF TIME OUR SYSTEM FOLKS
SAT AND LISTENED TO THE ALL THE
CONCERNS. AND WEIGH THAT IN. AND
THEN REACTED TO IT AND THEN
CHANGES AND MODIFICATIONS BY THE
AUTHORS SENATORS SKINNER WERE
THOUGHTFULLY MADE. IN
COLLABORATION WITH THE ASSEMBLY
THE SENATE AND THE GOVERNOR'S
OFFICE. THE ADMINISTRATION HAS
ENGAGE DEEPLY AND MEANINGFULLY.
I THINK IT'S IMPORTANT TO NOTE.
THIS WASN'T SILO TO. PEOPLE ARE
REALLY TRYING TO WORK TOGETHER
AND TRYING TO HEAR FROM
STAKEHOLDERS. AND WHAT I
APPRECIATE MOST ABOUT THIS
PROCESS IS THAT IT PUT THE MOST
IMPORTANT STAKEHOLDER. AT THE
CENTER OF THE DIALOGUE. THE
PEOPLE OF CALIFORNIA. AND YOU
KNOW I THINK WHAT WE'RE DOING
HERE TODAY AND WHERE I SEE THIS
HAVING MOVED FROM WHERE IT WAS
TO WHERE IT IS NOW. IS THE WORST
ABOLITION IN INFORMATION
COLLECTION. PROGRAM WHERE THERE
HASN'T BEEN ONE BEFORE OR WHERE
IT'S BEEN INADEQUATE BEFORE
THEY'RE EVEN SENATE BILLS SIR
ALAN'S BILL FROM LAST YEAR THAT
. IS REITERATED IN THIS
LEGISLATION SO THAT IT CAN BE
IMPLEMENTED TO ITS FULLEST
CAPACITY. WE'RE LEANING INTO
TRANSPARENCY TAKEN TRANSPARENCY
AND MOVED IT TO THE TOP OF THIS
DIALOGUE. IF THERE WAS A MARQUEE
FOR THIS SHOW IT WOULD SAY
TRANSPARENCY ON IT. AND THAT'S
WHAT EVERYONE IS SINGULARLY
FOCUSED ON IT'S A DATA DRIVEN
APPROACH WHICH COULDN'T BE WISER
. BECAUSE WE'RE NOT GONNA HAVE
FINES AND FEES AND PENALTIES
THAT ARE ARBITRARY OR- OR BASED
ON NOTHING THEY HAVE TO BE BASED
ON DATA. YOU HAVE TO PROVIDE THE
DATA AND FOLKS HAVE AN
OPPORTUNITY IN THAT PROCESS IS
SENATOR MCGUIRE EXPLAINED. TO
TALK ABOUT WHAT'S HAPPENING IN
THE MARKET AND IF THE MARKET IS
EXPERIENCING SOME FLUX. IT WILL
BE TAKEN INTO CONSIDERATION IT'S
MANDATED IT'S WRITTEN INTO THE
LEGISLATION I READ EVERY WORD OF
THE NEW BILL. IT'S CLEAR IT'S
CLEAR THAT NO DECISION WOULD BE
MADE WITHOUT A THOROUGH DATA.
INPUT AND REVISION FROM UP LOTS
OF EXPERTS INCLUDING INDUSTRY
EXPERTS. I THINK THAT'S AS GOOD
AS IT GETS. WE DO NEED TO MAKE
SURE THAT SMALL BUSINESSES HAVE
THE RESOURCES THEY NEED TO BE
RESPONSIVE TO THIS I DID HEAR
THAT TODAY AND I THINK THAT'S
REALLY IMPORTANT TO THE EXTENT
THAT SOME OF THIS LEGISLATION
CALLS ON SMALL BUSINESSES. TO
PROVIDE SOME OF THE SAME DATA WE
NEED TO MAKE SURE THEY'RE WELL
RESOURCE TO DO THAT THAT IT
DOESN'T BECOME THE MECHANISM BY
WHICH THEY HAVE TO STOP DOING
BUSINESS WE WOULDN'T WANT THAT
THAT'S NOT THE GOAL. THE BILL'S
VASTLY IMPROVED. IT CERTAINLY
COULD BE BETTER OF COURSE AND
THERE MAY BE A TIME IN THE
FUTURE WHERE THE LEGISLATURE
NEEDS TO RE ENGAGE. BUT THAT'S
ALSO STATED CLEARLY IN THE BILL.
IT IT'S CALLED OUT BY THE FACT
THAT THERE WILL BE REGULAR
AUDITS. AND THAT IT SITS WITH A
SUNSET PROVISION ON IT RIGHT
NOW. SO AUTOMATICALLY IN TEN
YEARS THERE'S A DISCUSSION ABOUT
WHETHER OR NOT IT'S WORKS
WHETHER OR NOT IT NEEDS TO
CHANGE. WHETHER OR NOT THE
LEGISLATURE NEEDS TO TAKE IT UP
HOLY AGAIN. THAT OPPORTUNITY IS
WRITTEN IN. THE LEGISLATURE WILL
AUTOMATICALLY HAVE TO DISCUSS
THIS AGAIN. AT SOME POINT.
THINGS LIKE THAT SUNSET
PROVISION THINGS LIKE THE AUDIT
THINGS LIKE THE LEVEL OF
EXPERTISE ENGAGED IN THIS GIVE
ME A TREMENDOUS. AMOUNT OF
RESPECT AND REGARD FOR THE
AUTHOR AND THE LEADERSHIP AND
EVERYONE WHO PUSHED IT TO THIS
POINT. CENTER BRADFORD DESERVES
A TON OF CREDIT FOR TAKING ON
ALL OF THESE OVERSIGHT HEARINGS.
AND BEING A LEADER IN THE
DISCUSSIONS SO FOR ME MY
COMMENTS ARE IN CLOSING OUR THAT
. AS A NEW MEMBER BOTH. THE ONLY
NEW MEMBER ON THIS COMMITTEE AND
A NEW MEMBER IN THE SENATE.
REALLY PROUD TO BE A PART OF THE
SENATE I'M PROUD OF THE WORK
I'VE SEEN MY COLLEAGUES DUE. TO
MOVE US FROM WHERE WE WERE. TO
WHERE WE ARE NOW AND SO SPECIAL
THANK YOU TO THE PRO TEM. HER
TEAM SENATOR MCGUIRE SENATOR LA
MON. SENATOR BRADFORD AND OF
COURSE YOU SENATOR SKINNER.
THANK YOU SENATOR NEWMAN. THANK
YOU MISTER- OF MY M. AS TO THE
SIDE. CHOI I ACTUALLY AT THIS
POINT I THINK THE POLICY IS
PRETTY WELL BEEN LITIGATED HERE
AND ABROAD I APPRECIATE. ALL THE
MEMBERS RESPECT TO THE
WITNESSES. FOR YOUR THOROUGH- IN
DETAIL PARTICIPATION A- SO I DO
WANT TO TALK A LITTLE BIT OF
PROCESS RIGHT GENUINE FIRST. I
SHARED SOME OF MY CALL IS
CONCERNED ABOUT THE DELEGATION
LEGISLATIVE AUTHORITY THAT AGAIN
YOU'VE YOU'VE TOUCHED ON THAT
BUT IT'S A BROADER. MATTER I
THINK THAT'S SOMETHING THAT WE
AS A BODY SHOULD BE CONCERNED
ABOUT. BUT BUT TO PROCESS RIGHT
THE YEAR. YOU KNOW THIS IS
OBVIOUSLY A EIGHTY AN IMPORTANT
ISSUE- AND IT IS SPEND. YOU KNOW
VERY THOROUGH BUT A YOU KNOW AS
WE MOVED IT THROUGH HERE- IT
SEEMS TO RUSSIAN AYE AYE AYE
SHORT TOUCH ON. I THINK AS
EXAMPLE CENTER GROVE HAD A
SERIES OF DEFINITIONAL
QUESTIONS- YOU KNOW AFTER AWHILE
IT STARTS TO FEEL LIKE SEMANTICS
BUT BUT THE IMPLICATIONS ARE
ACTUALLY REAL. YOU KNOW THAT
QUESTION ABOUT WHAT YOU KNOW
WHAT'S THE WHAT'S THE- DELTA. OR
THE DISTANCE BETWEEN A MAJOR OIL
PRODUCER SMALL PRODUCER. WELL
MAJOR DE IN. ON ON SOME OF CAL
SMALLER PRODUCERS- AND I THINK
THAT'S IMPORTANT SO DISTANT ONE
LAW THAT I BELIEVE IN CALIFORNIA
THE LAW OF UNINTENDED
CONSEQUENCES. AND WE SHOULD BE
WARY OF THAT AND WE SHOULD
ALLOW. WHEREVER POSSIBLE
SUFFICIENT TIME TO EXPLORE THESE
ISSUES. I THINK THERE'S SOME
CONCERN THAT WE'RE NOT DOING
THAT IN THIS CASE. MOVING FROM A
HEARING TODAY TO THE FLOOR MARK-
AND I'VE I'VE MADE MY- VIEWS
CLEAR ON THAT BUT BUT AGAIN.
THIS IS GOING TO AFFECT A VERY
COMPLEX ENERGY PRODUCTION
ECOSYSTEM. AND IRRESPECTIVE OF
YOUR POSITION ON THIS ISSUE. THE
LARGER. IMPERATIVE REMAINS THAT
WE NEED TO ALIGN CALIFORNIA'S
ENERGY PRODUCTION RESOURCES WITH
OUR TRANSITION PLANS. IN ORDER
TO DO THAT WELL. WE NEED TO GIVE
AS MUCH INPUT- AND IS THAT THE
BEST BASIS FOR PARTICIPATION FOR
ALL OF THE PARTICIPANTS AND SO
TOO I THINK AGAIN. CENTER GROVE
HIS HAS CALLED OUT OF TWO GOOD
EXAMPLES OF SMALLER PRODUCES THE
MEMBERS OF SUPER. TO HER POINT
BECAUSE THEY DON'T SET THE PRICE
BUT THEY WILL BE AFFECTED. BY
THIS LEGISLATION WE SHOULD KEEP
THAT IN MIND- AND AS WE DO- WE
SHOULD KEEP MORE BROADLY IN
MIND. THESE ARE BIG ISSUES.
INTERSECT WITH LOTS OF OTHER
VERY COMPLICATED- AND LONG. LEAD
TIME PLANS. I CERTAINLY RESPECT
ADMINISTRATION'S DESIRE TO DO
THIS NOW BUT I THINK WE AS A
BODY SHOULD REMEMBER THAT AND
WORK DELIVERY TOWARD THAT
ALIGNMENT AND FORCING THAT. AS A
CO EQUAL BRANCH OF GOVERNMENT TO
THANK YOU- THAT'S ALL I HAVE.
THANK YOU CENTER COPIER. THANK
YOU MISTER CHAIR BY THE TIME IT
GETS DOWN TO KIND OF THE LAST
PERSON I GET BY I JUST WANT TO
SAY DID IT TO A LOT TO SPEND
SAID I WANT TO THINK. OF THE
AUTHOR OF THE BILL. FOR
LISTENING CAREFULLY AND FOR
WORKING REALLY HARD TO TAKE INTO
CONSIDERATION THE CONCERNS THAT
WERE RAISED INITIALLY BY THE
MAIL. I WANT TO THANK THE- THE
GOVERNOR AND HIS STAFF FOR THEIR
DILIGENCE AND LISTENING AS WELL-
I THINK THERE WERE MANY OF US
MYSELF INCLUDED THAT HAD SOME
CONCERNS ABOUT- WHAT WE WERE
GOING TO H. THE- THE DIRECTION
WE WERE GOING WITHOUT HAVING
INFORMATION. WITHOUT HAVING GOOD
TO SEE- DATA. AND AND ALTHOUGH-
I AGREE WITH THE WITH MY GOOD
FRIENDS- FROM THE- ORANGE
COUNTY- IT WILL BE FOR A BIT
MORE TIME WOULD BE- APPROPRIATE
I'M PREPARED TO SUPPORT THIS
TODAY. BECAUSE I THINK YOU'VE
DONE EXACTLY FOR EXACTLY THE
REASONS THAT- THAT MY GOOD
FRIEND FROM NORTHERN CALIFORNIA
STATED IT'S THAT THERE ARE SOME
REAL PROTECTIONS. THERE SOME
REAL GUARDRAILS AND THAT DATA IS
GOING TO BE REALLY CRITICALLY
IMPORTANT AND THE ABILITY TO
CRAFT ANY SOLUTION ASSUMING THAT
THERE WILL BE ONE- WILL BE BASED
ON DATA AND DOT WITH THAT. WAS
REALLY WAS MY BIGGEST CONCERN.
THE BIGGEST ISSUE. LAST YEAR WAS
THE PRICE OF THE PRICE OF
GASOLINE. AND I CAN'T OVER
EMPHASIZE THE CHALLENGES THAT
PEOPLE WERE MAKING- TO DETERMINE
WHETHER THEY ACTUALLY COULD GET
TO WORK OR NOT AND WHEN YOU'RE
YOU'RE FACED WITH HAVING TO
COMMUTE A LONG DISTANCE AND I
HAVE A SIGNIFICANT POPULATION.
THAT ARE COMMUTERS THAT ARE THAT
ARE SUPER COMMUTERS EVEN- THE
HIGH COST OF GASOLINE THIS WAS
DEBILITATING AND- AND THEY
EXPECT SOME KIND OF- ACTION ON
OUR PART SO I REALLY APPRECIATE
THE WORK THAT YOU'VE DONE- AND-
AND THANK YOU MISTER CHAIR FOR
ALL OF YOUR HARD WORK AS WELL IT
WAS A TEAM EFFORT. AND IT'S MUCH
APPRECIATED. THANK YOU CENTER
WILK. THANK THANK YOU MISTER
CHAIR LIKE EVERYBODY ELSE AT
THIS DAIS VERY CONCERNED ABOUT
IT ABOUT HI HI GAS PRICES
REPRESENT A MILLION SIXTY
THOUSAND CONSTITUENTS. I HAVE
OVER HALF OF THOSE CONSTITUENTS
ARE AND MEDICARE ALSO I HAVE A I
HAVE A WORKING CLASS DISTRICT.
TWO OUT OF MY SEVEN CITIES ARE
CONSIDERED SUPER COMMUTER CITIES
THERE IN THE TOP TEN IN THE
NATION. AND THIS IS BEEN A
STRUGGLE FOR MY MIDDLE CLASS
RESIDENTS AS WELL AS MY WORKING
CLASS RESIDENTS THE WANTED TO
ONE ENTERED THE MIDDLE CLASS SO
GAS PRICES ENERGY PRICES IN
GENERAL HIS HIS BEEN A PROBLEM.
ARE YOU MENTION THE SPIKE LAST
YEAR YES SIR WAS A SPIKE LAST
YEAR BUT THE HONESTLY WE'VE HAD
PROBLEMS WITH OUR MARKET SINCE
THE REFINERY FIRE IN TORRANCE
BACK IN TWENTY FIFTEEN. AND AS
MENTIONED YEAH WE'RE ABOUT A
DOLLAR HIGHER BECAUSE OF ALL THE
THINGS WE DO HERE IN CALIFORNIA
BUT THERE STILL ANOTHER HIDDEN
FORTY CENTS A GALLON- I'VE BEEN
TO THE SAME- BRIEFINGS WITH WITH
SENATOR DODD. AND WE HAVE WE
HAVE A COMMA SAID I RESPECT THAT
CAN SPECULATE BUT THEY DON'T
HAVE ACCESS TO. THAT DATA SO THE
CITY SO. WE DON'T KNOW THE ONE
THING THAT I'M FRUSTRATED WITH
IS THE OILERS SHE SAYS WELL IT'S
NOT ME. WELL IT'S NOT YOU WHO
WHO IS IT SO I THINK IT'S
INCUMBENT UPON US. TO FIND OUT
WHAT'S GOING ON FACT OF THE
MATTER IS FROM THE CURRENT MISS
I'VE MET WITH SINCE JUNE OF TWO
THOUSAND FIFTEEN. CALIFORNIA
CONSUMER SPENDING THREE TO FIVE
BILLION MORE A YEAR FOR GASOLINE
THAN THE REST OF THE COUNTRY. SO
WHAT SHAME ON THE OIL INDUSTRY
FOR NOT WORKING MORE WITH US TO
FIND OUT REALLY WHAT'S GOING ON.
SO THEY HAVE HAD A LACK OF
TRANSPARENCY. I THINK WE'VE HAD
A LACK OF TRANSPARENCY TO A CASE
EXAMPLE THIS PARTICULAR PROPOSAL
I REALLY I LIKE AND RESPECT THE
AUTHOR AND ONE OF THINGS I LIKE
ABOUT SHE'S ALWAYS STRAIGHT
FORWARD TO THE TRUTH. SHE SAID
THERE IS BY. DISCUSS ON THE
ISSUE AND I'M SURE THAT THERE
WERE. BUT THERE WAS DEFINITELY
NOT BIPARTISAN AND SO I DO I DO
IT I DO HAVE I DO HAVE AN ISSUE
WITH THAT. I ALSO HAVE AN ISSUE
THAT ARE CURRENTLY IF WE TAKE A
VOTE SO AFTERNOON WERE VIOLATING
PROPOSITION- FIFTY FOUR THIS IS
NOT BEEN IN PRINT FOR SEVENTY
TWO HOURS. TO BE HONEST WITH YOU
I'VE HAD SEVENTY FIVE
CONSTITUENTS IN TOWN THE LAST
DAY AND A HALF AND I HAVE NOT
READ IT AS THOROUGHLY THROUGH
THIS IS HI. AS I NEED TO I WILL
DIE WILL TAKE I WILL TAKE CARE
OF THAT TONIGHT. HAVING SAID ALL
THAT. I LIKE A LOT OF PEOPLE
CONCERNED ABOUT THE LEGISLATURE
AGAIN GIVING UP MORE POWER AND
MORE THIRTY WE'RE NOW GOING TO
SET UP THIS NEW INSTITUTION THAT
MAY OR MAY NOT BE ABLE TO DO
WHAT WE WANT DONE. TO BE HONEST
WITH YOU BUT I THINK THERE'S AN
ENTITY OUT THERE WHO COULD DO
WHICH IS A FEDERAL TRADE
COMMISSION THAT'S WELL EQUIPPED
FOR THIS IN COULD ACTUALLY. THE
AGAIN. DO THE INFORMATION AND
THEN BRING IT BACK TO THE
LEGISLATURE FOR. US TO DECIDE
WHAT TO DO NEXT NOW WE WILL I
DON'T THINK MOST OF US WILL BE
HERE WITH. WHEN THAT HAPPENS.
BUT I THINK THAT'S A MUCH BETTER
WAY TO GO. AND THEN THE WAY THAT
WE'RE CURRENTLY DOING IT. BY
JUST FAST TRACKING AND I REALLY
APPRECIATE. CENTER GROVE GOING
THROUGH AND- A NOTE NOTING THOSE
DRAFTING ERRORS. I'M NORMALLY
NOT CONCERNED ABOUT DRAFTING
YEARS DIS EARLY BECAUSE THE
FACT. IT HAPPY IT HAPPENS ALL
THE TIME WE CLEAN IT UP. BUT
THIS SEEMS LIKE THIS TRAIN IS
PULLING OUT OF STATION AND- IT'S
GOING TO. BE DONE BEFORE WE KNOW
IT SO I HAVE I'VE GOT A REAL
CONCERNED ABOUT THAT. AND WE'VE
DONE THIS A LOT PARTICULARLY IN
IN THIS. ONE PARTICULARLY IN IN
GREEN AND ENERGY. YOU KNOW. LAST
NIGHT OF SESSION LAST YEAR WE
HAD TO BAIL OUT THE
MINISTRATION. AND BOW TO YOU
KNOW REOPEN DYEABLE DYEABLE
CANYON. I HAD HUNDREDS AND
HUNDREDS OF LETTERS. FROM
CONSTITUENTS ASKED ME TO VOTE NO
ON THAT. BUT I CAN'T BE ME I
MEAN SO THE MINISTRY SHE MADE
MISTAKES SO WHAT I'M GOING TO
PENALIZE. CALIFORNIANS BY
DENYING THEM YOU KNOW ACCESS
ENERGY SO I BY VOTERS FOR I
DIDN'T WANT TO VOTE FOR IT. AND
THEN I HAD TO GO BACK INDIAN
EXPLAINED TO HUNDREDS OF
CONSTITUENTS. YOU KNOW MY VOTE.
SO I'M ACTUALLY GONNA LAY OFF
THIS TODAY I'M GOING TO REFORM
THE LAYOUT FOR TODAY BECAUSE I
DON'T LIKE THIS PROCESS AND
THAT. THE BILL HAS COME A LONG
WAY I THINK IT COULD BE. I THINK
IT'LL GO FURTHER. AND I THINK
THE OIL INDUSTRY HAS KNOWN.
WHAT'S GOING ON AND- I DON'T I
DON'T KNOW WHAT TAKES. A BETTER
ARMOS WITH DIFFERENT. WE NEED TO
MAKE THE DECISIONS THAT ARE BEST
FOR MY CONSTITUENTS SO. I AM
LIKE PLAGUE ON BOTH YOUR HOUSES
I'M AS FRUSTRATED AS SENATOR
MCGUIRE. AND SO ON THE LAY OFF
TODAY AND I REALLY HOPE YOU GUYS
DON'T FAST TRACK THIS BECAUSE I.
I THINK IT WOULD COME A LONG WAY
BUT I DON'T THINK IT'S DONE.
THANK YOU. GREAT I. THINK I'VE
HEARD FROM SO. I'M SORRY IT'S A
VERY BRIEF PART VERY BRIEF.
THANK YOU MISTER CHAIR THANK YOU
FROM THE AND I REALLY DO
APPRECIATE IT THE AUTHOR IN THE
GOVERNOR'S OFFICE BEING ABLE TO
CLARIFY SOME OF THESE THINGS.
BECAUSE A LOT OF PEOPLE WATCHING
THE HEARING AGAIN. BECAUSE I
GIVE IT MY CELL PHONE NUMBER TO
EVERYBODY AND- A LOT OF PEOPLE
IN MY DISTRICT ARE AFFECTED BUT
I MEAN SEVERAL TEXTS FROM ACROSS
THE STATE REALLY. THAT THE
DEFINITION OF MARKETER. AS SOME
OF THE SMALL. GAS STATIONS ARE
CONSIDERED MARKETERS- IN SOME
DEFINITIONS OF THE CODE SECTION
AND THEY ARE CONCERNED ABOUT YOU
KNOW WE'RE TALKING ABOUT THE
RETAIL CRISTINA GAS STATION FILL
UP YOUR CAR. THEY'RE CONCERNED
ABOUT HAVING TO BE- SUBJECT TO
THE REPORTING REQUIREMENTS AS
WELL SO IF YOU GUYS COULD
IDENTIFY. MARKET I TOLD MY
DANCER FOURTEEN OF THEM I TOLD
THEM I'D ANSWER I'D ASK THAT
QUESTION SO THANK YOU VERY MUCH
. THANK YOU- AND I WANT TO THANK
EVERYBODY FOR THEIR
PARTICIPATION IN THIS HEARING
TODAY MOST IMPORTANTLY OUR-
AUTHOR OF SKINNER SKINNER FOR
ALL THEIR WORK TO WORKING GROUP.
ARE AND- WE ALL HAVE. I THINK
AGREED- THIS IS LIGHT YEARS
BETTER THAN WHAT IT WAS. A WEEK
AGO LET ALONE THREE MONTHS AGO
AND IT WAS A LOT OF TIME. PUT
ON- PUT INTO THIS AND I TO HAVE
CONCERNS AS HOW QUICKLY THIS
PROCESS IS MOVING BUT I WANT TO
MAKE SURE EVERYONE THAT IT'S
BEEN A LOT OF HOURS. DEDICATED
TO TRYING TO GET THIS RIGHT. BUT
I ALSO WANTED SHOULD BE ST
STRICTLY STATE THAT WE ARE ALL
CONCERNED WITH. CONSUMERS AND
WHAT THEY PAY AND WE SHOULD AS
LEGISLATORS REGARDLESS OF WHAT
PARTY. WE'VE MADE THAT CLEAR
THAT'S AT THE FOREFRONT OF
EVERYTHING THAT WE'RE TRYING TO
DO HERE. BUT SOME OF WHAT WE
FACE TODAY HAS BEEN BECAUSE OF
LEGISLATION HAS BEEN STATED. AND
I WANT TO MAKE SURE THAT. WE DO
NOT. CONFLATE MARKET
MANIPULATION WHAT PROFITS AND I
HOPE WE DON'T. IF WE FIND THAT
THERE'S NO MARKET MANIPULATION I
HOPE THIS INDUSTRY IS NOT
DEMONIZED. SIMPLY BECAUSE THEY
MADE A PROFIT THAT'S WHAT WE
LIVE IN A CAPITALISTIC SOCIETY.
WE'RE NOT DEMONIZING TECHNOLOGY
FOR MAKING PROFIT SO I JUST
WANNA MAKE SURE THAT. IF IT IS
DETERMINED THAT THE REGION
HASN'T BEEN ANY MARKET
MANIPULATION THAT WE SHOULDN'T
GO AFTER. THEIR PROFITS DON'T
MORE THAN WE'RE GOING AFTER
ANYONE ELSE'S PROP FIFTY. AYE
VOTES ALSO MENTION ABOUT-
ENHANCE RESERVES AND THAT'S A
REAL CHALLENGE FOR ME BECAUSE-
WITH EVERYTHING WE'RE DOING AS A
LEGISLATURE WERE MAKING IT
ALMOST IMPOSSIBLE TO HAVE
ENHANCE RESEARCH WERE ASKING FOR
OIL TO BE LEFT IN THE GROUND.
WE'RE ASKING FOR OUR REFINERIES
THE SHUTTER AND WE'RE MAKING A
MOVE TO GET OFF OF- GAS BURNING
CARS. STILL IF WE'RE MOVING IN
THAT DIRECTION MOVING TOWARD
EV'S WHY SHOULD A REFINERY HAVE
RESERVES AND WHY SHOULD THEY
PLAN FOR RESERVE SO. I JUST
THINK WE NEED TO BE CAUTIOUS AS
WE MOVE FORWARD BUT I WILL HAVE
TWO SECTIONS I WANT TO MENTION.
AND IT WAS MENTIONED BY THE AG
AND IT'S- SECTION- THREE AS IT
RELATES TO- REFINERY
MAINTENANCE. AND I THINK OUTSIDE
OF COST THE NUMBER ONE ISSUE
SHOULD BE WORKER SAFETY OTHER
THINGS. HCC MAY BY REGULATION
POLLS REQUIREMENTS GOVERNING.
THE TIMING OF IT TURN AROUND AND
THE MAINTENANCE DEVELOP THROUGH.
COUNCIL'S CONSULTATION UNDER
THIS SECTION. AND MY QUESTION
WOULD BE WHY SHOULD THE C. C.
DEVELOPER REGULATION THAT
DETERMINES THE MAINTENANCE. AND
THE TURNAROUND SCHEDULE FOR
REFINERIES. AND WHAT IS YOUR
EXPERTISE IN THE P. EIGHT CC.
HAVE IN REGARDS TO SAFETY OF
OPERATIONS AS A MENTION I
REFINERY EXPLOSION THAT WAS IN
MY DISTRICT. LISTED MILES FROM
WHERE I LIVE THE TORRANCE
REFINERY EXPLODED SO. ALL WITH
THIS CREATE A LIABILITY FOR THE
STATE SHOULD REFINERY HOPPED UP
AS FALL MAINTENANCE AND I
INCIDENT OCCURS DURING THAT TIME
THAT'S ONE QUESTION I HAVE. AND
ALLOW ALLOWANCES SECTION TN AS
IT RELATES TO THE STANDING UP OF
THIS. DIVISION THROUGH THE
DIVISION- WOULD INCLUDE AND
EXPERTISE IN THE TRANSPORTATION
FUELS AN ECONOMIST. THE
SIMPSONS- VERY USEFUL DIVISION
I'M I SUPPORT THIS BUT I'M JUST
CURRICULA WORRIED ABOUT HOW
QUICKLY WE CAN DO THIS HOW
QUICKLY WE CAN DO THIS. AGAIN
THIS NEW- DIVISION AND BE PUT IN
PLACE AND HIRE STAFF AND TIMELY
MANNER WHICH ALLOWS US TO GET
THE INFORMATION THAT WE NEED
GOING FORWARD SO I QUICKLY DO
YOU SEE THE SHOPPING AND I WILL.
IN WITH THOSE QUESTIONS- HERE IN
RESPONSE THE YOU'RE ABSOLUTELY
RIGHT THE- OUR EXISTING RAKES
AROUND THE TURN AROUND TIME IN
THE MAINTENANCE WHICH WE WHICH
THE LEGISLATURE HAS ENHANCED- IN
FACT I WAS THE AUTHOR OF THE
BILL. ALONG WITH SENATOR
HANDCOCK BACK WHEN I WAS IN THE
ASSEMBLY AND I BELIEVE IS
THIRTEEN OR FOURTEEN AFTER
CHEVRON- EXPLOSION- IN RICHMOND
NOT THE ONE AND A TORRANCE-
BEYOND. LANGUAGE LIKE THIS IS WE
KNOW ANYTIME WE ESTABLISH-
ADDITIONAL AUTHORITIES. THE
ADDITIONAL THIRTIES CANNOT- THE
DO NOT SUPERSEDE EXISTING
LANGUAGE AROUND SAFETY AND SUCH
SO- AND OF COURSE WE WHILE MANY
HANDS WERE IN THE DRAFTING WE
REDO RELY ON LEDGE COUNCIL TO
HELP ENSURE THAT ANY DRAFTING IS
NOT IN CONFLICT WITH EXISTING.
BY STATUTE BUT OF COURSE THERE
IS ALWAYS SOMETHING THAT CAN BE
RE ASKED BUT I THINK THE NUMBER
FIVE. THEY ARE EXISTING STATUTES
AROUND THAT- SAFETY. AND LABOR
WORK WORKER SAFETY AND ALL OF
OUR SAFETY WILL ALWAYS- YOU KNOW
WILL NOT BE SUPERSEDED BY THIS-
SO THERE WAS A SECOND QUESTION I
BELIEVE YOU HAD FIRST. AS FOR
THE TIMING OF STANDING UP- THE
DIVISION- ARE CONSTRUCTION.
TENTS ARTICLE THREE. I WAS TURN
TO THE GOVERNOR'S OFFICE QUICKLY
DO YOU SEE THIS HAPPEN. THANK
YOU SENATOR FOR THE QUESTION- IF
THIS BILL MOVES FORWARD IT MAKES
IT TO THE GOVERNOR'S DESK IT
WILL BE IN EFFECT IN NINETY DAYS
THE- ADDITIONAL PROPRIOCEPTIVE
OR SUCH A DIVISION WILL BE PART
OF THE BUDGET DISCUSSIONS. WITH
THIS LEGISLATURE WE WOULD HOPE
THAT IT WOULD BE UP AND RUNNING
LATER THIS FALL SO THAT WE CAN
AGAIN TO THE DAY TO DAY
MONITORING OF THIS MARKET THAT
IS SO DESPERATELY NEEDED. THAT'S
VERY AMBITIOUS BUT OKAY WELL
LOOK AT THAT HOW ARE SOONER
SKINNER WHICH LIKE CLOSE. THANK
YOU VERY MUCH CHAIR THANK
MEMBERS I REALLY APPRECIATE THE
CONVERSATION. AND THE QUESTIONS
AND OF COURSE AS WERE- WERE AS
WE COMMITTED TO WE WILL GET
ANSWERS TO ANY QUESTIONS THAT WE
WERE NOT ABLE TO ANSWER JUST ON
SITTING HERE IN THE DYESS- BUT
I. FEEL THE- INPUT FROM ALL OF
YOU IN THE DIFFERENT COMMENTS
YOU MADE ON THE EVOLUTION OF
THIS FROM THE POINT THAT WAS
INTRODUCED- USUALLY INTRODUCED
THE FIRST LANGUAGE THAT WE ALL
SAW TO THE LANGUAGE THAT WE HAVE
TODAY. ADDRESSES THE CONCERNS-
OF. WHY YOU CAN NEVER PREDICT
WHAT EVERY UNINTENDED
CONSEQUENCE MAYBE CERTAINLY
THOSE THAT WERE POSSIBLY
HIGHLIGHTED AS BEING A POTENTIAL
IN THE LAST DRAFT WERE ADDRESSED
IN IN THIS. BILL AND- IF WE GO
BACK TO WHAT THE FUNDAMENTAL
FIRST WHAT WAS THE OBJECTIVE
FROM DAY ONE WHICH IS TO PROTECT
OUR CONSUMERS. AS YOU ALT SAID
THIS IS A MUCH BETTER
CONSTRUCTION TO HELP PROTECT OUR
CONSUMERS. WE DO NOT HAVE TO
HAVE AN AUTOMATIC PENALTY TO DO
SO AND THIS DOES NOT
AUTOMATICALLY LEVY A PENALTY
WHAT IT DOES IS ALLOW US TO GET
THE INFORMATION. TO ANALYZE IT
TO DETERMINE IF THERE WERE UN
FEAR FORD ED IMPROPER. WHAT WE
WOULD CONSIDER HARMFUL TO OUR
CONSUMERS MANIPULATIONS OF
PRICES AND THEN THEY CAN BE
ACTED ON. AND IF NOT THEN WE
WOULD- THERE WOULD NOT BE SUCH
ACTION SO- AND OF COURSE THE
LEGISLATURE GETS ANNUAL REPORTS
AS WELL AS THE SUNSET THAT WAS
DESCRIBED SO I THINK IN TERMS OF
WHEN I THINK ABOUT THE ROLE OF
GOVERNMENT. AND OUR RULES TO DO
OUR BEST TO PROTECT OUR
RESIDENTS ARE CONSUMERS FROM
HARM. FROM EITHER A BUSINESS
PRACTICE. OR- CLIMIE CHANGE FOR
EXAMPLE FOR. THAT THAT'S THE-
OUR PURPOSE IN DEVELOPING
REGULATIONS IN CERTAIN STATUTES
IS TO DO THAT. AND I THINK THIS
ONE HITS THE RIGHT NOTE AND
CLEARLY AS IT AS IT IS
IMPLEMENTED. BEYOND JUST THE TEN
YEARS IF WE SEE THAT THERE ARE
FLAWS IN IN OTHER WORDS IF WE
HAVE NOT- EXCLUDED SAY A SMALLER
MARKET PARTICIPANTS WHO REALLY
SHOULD NOT BE YOU KNOW IF THIS
IS. IT WHICH- I THINK THAT IT
THE TRICKY THING ABOUT ANY BILLS
LIKE THIS IS THAT THERE'S SO
MANY DIFFERENT CODE DEFINITIONS
YOU KNOW AND OBVIOUSLY WE'RE
GONNA LOOK BACK AT THOSE BUT IF
WE FIND FOR EXAMPLE THAT THERE
ARE CERTAIN MARKET PARTICIPANTS
WE NEVER HAD INTENTION TO COVER.
WE CAN CORRECT THOSE THINGS BUT
I THINK THE- AS WE DO WITH MOST
CARP LEGISLATION SO I THINK IF
THAT HITS THE RIGHT NOTE I VERY
MUCH VALUE ALL OF THE INPUT IN
THE MEETINGS THAT OCCURRED TO
CONSTRUCT THIS AND ALL EVERYONE
WHO PARTICIPATED IN THAT. AND
WITH THAT I ASKED FOR YOUR I.
PHONE. THANK YOU WE HAVE TO DO
PASSED- JUST TO APPROPRIATIONS
WE HAVE A MOTION BY SENATOR MAN
. INSULTING PLEASE CALL THE ROLL
ON S. B. X. ONE TWO. BRADFORD ON
BRADFORD AYE. DALY KELLY NO
ASHLEY HI ASHLEY I BAKER. BAKER
I CABALLERO COPYRIGHT DIED. I
DIED I'D DORADO DR SO I EGGMAN
GONZALEZ GONZALEZ I GROWTH.
MCGUIRE MCGUIRE AYE MAN AYE MAN
AYE NEWMAN. NEWMAN AYE RUBIO.
THE ICR TO. SEE OUR TONO SKINNER
. INNER ICE STERN WILK. SIX
SEVENTY. TWELVE THE TWO- WE HAVE
TWELVE MARCH TWO KNOWS THE
MEASURE PASSES AND WILL LEAVE
THE ROLE OPEN FOR. ANOTHER FEW
MINUTES TO ALLOW THOSE ABSENT
MEMBERS TO COME IN AT ALL.
MEMBERS AN AUDIENCE THAT
CONCLUDES OUR HEARING FOR THE
DAY I APPRECIATE ALL OF
EVERYONE'S PARTICIPATION- AGAIN
WILL LEAVE THE ROLE OPEN FOR
ABSENT MEMBERS SAT ON. I'M SURE
. IF THEY'RE COMING BACK YEAH
WITH.
ALL RIGHT- CAN WE OPEN THE ROLE
FOR ABSENT MEMBERS THE CURRENT
VOTERS TWELVE Q. ONE S. B. X.
ONE TWO PLEASE CALL OUT TO
MEMBERS SENATE EGGMAN SAID IN A
STATEMENT I. IT'S THIRTEEN TO
THAT MEASURES OUT- I WANT TO
THANK EVERYONE FOR PARTICIPATING
IN TODAY'S HEARING IF YOU
WEREN'T ABLE VIA TELEPHONE
CONFERENCE TO GET YOUR QUESTIONS
OR CONCERNS AND PLEASE SUBMIT
THOSE TO THE SENATE ENERGY AND
UTILITY COMMITTEE AND WOULD BE
MORE HAPPY TO WELCOME THOSE
COMMENTS THE SENATE COMMITTEE ON
ENERGY UTILITIES AND ENERGY.
OFFER THE FIRST EXTRAORDINARY
SESSION IS NOW ADJOURNED.