But State Assemblyman
Cunningham -- a Republican who represents the
The bill would codify Cunningham's proposed resolution that would amend the state
The bill goes further than the resolution, creating what Cunningham's office called an "incentive to keep
Specifically, the legislation would prevent the
Additionally, the law would earmark no less than
Cunningham clarified by email Monday that the
The two-term assemblyman, who has supported proposed construction of wind energy farms off the
Cunningham also wrote that
Underlying the utility's bankruptcy are tens of billions of dollars in claims from victims of several
"There's no reason for a bankrupt utility with billions of dollars in liabilities to shut down a perfectly safe and profitable source of emission-free electricity," Cunningham wrote in the news release.
Asked why it's appropriate to tie wildfire victims assistance with
"Everyone wins. It doesn't tie the fate of
"The assemblyman's proposal does not change any of
"As a state-regulated utility, we remain focused on meeting the energy policies of the state," Hosn wrote. "
In August, Cunningham introduced ACA 18, a
The reclassification could make the facility an asset worth up to
"You'd suddenly make it a pretty valuable asset," Cunningham previously said. "There's a lot of money out there to buy assets that have such a high value."
But the bill and its mandates will be a long shot in a Democrat-controlled state Legislature that is more interested in investing in solar, wind, and geothermal energy, not to mention the major hurdles any prospective new owner of the plant will have to navigate to relicense.
An attorney for the ratepayer advocacy group
Asked about the likelihood of the bill's passage, Cunningham on Monday wrote that "someone needs to be thinking creatively about how we achieve our clean energy mandates, get relief to fire victims, utilize our resources, and protect ratepayers from the conduct of others."
"This bill attempts to offer solutions in a space that is fraught with problems," he wrote.
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