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Tuesday, Aug 16, 2022
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VICA Calls New Electricity Law ‘Ridiculous’

The Valley Industry & Commerce Association announced disappointment that Gov. Jerry Brown on Monday signed SB 100, creating a law requiring 60 percent of electricity in California be generated from renewable sources by 2030. The Van Nuys business advocacy group said the law will add “expensive and unfeasible mandates on energy production in California.” “This is ridiculous,” VICA President Stuart Waldman said in a statement. “Experts know that 100 percent renewable energy simply isn’t feasible without increasing rates to unaffordable levels for small businesses and families. … The governor has signed a bill that jeopardizes energy choice, affordability and reliability.” SB 100 was authored by State Sen. Kevin de León (D-Los Angeles).

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.
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