Transcript Highlights:

• So although I totally understand... ...the regulatory process, right?
• You know, I equated to a veto power.
• In fact, I wanted what you were just talking about, the veto power.
• SB 986 seeks to reassert legislative oversight over the regulatory process.
• This structure advances core separation of powers principles.

Committee: Senate Governmental Organization

Transcript Highlights:

• This is an amazing amount of power consumed, and it is draining our power infrastructure.
• The State Bar only has the power to investigate the charge.
• These SMRs are nuclear power generators.
• It was the world's first nuclear-powered submarine, famously signaling the dawn of nuclear power in 1955
• Regulatory Affairs and Government Efficiency.

Transcript Highlights:

• The first agenda item is for the regulatory fee authority trailer bill.
• You go through the multi-step regulatory process.
• And speaking of starving a regulatory agency, thank you for having me.
• Regulatory process. What does **CARB** believe?
• It is not easy to be a regulatory agency, right?

Transcript Highlights:

• They've been doing regulatory statutes based on older technology, your typical large Regulatory statutes
• You've got to have the energy, but the power and where we get the power.
• We bring power out of Idaho Falls. We condition the power and make it look like...
• We bring power out of Idaho Falls.
• We condition the power and make it look like the power that exactly exists at a node on the grid, so

Summary: The meeting opened with remarks about the value of public engagement and the quality of questions from the group, followed by a series of technical presentations from Idaho National Laboratory staff. Joe Renovitz described recent nuclear regulatory changes tied to presidential executive orders, including NRC Part 53 for advanced reactors, the forthcoming Part 57 for very small reactors, and DOE updates to reactor authorization standards. He emphasized efforts to align DOE and NRC processes, use risk-informed and performance-based licensing, support reactor deployment for AI/data centers and national security, and use AI to speed communications and crosswalks between DOE and NRC requirements. In response to questions, he said there was no plan to merge agencies, but rather to improve coordination and public outreach through groups like GAIN and NEI. David Tolman then discussed the nuclear fuel cycle, including uranium mining, conversion, enrichment, fuel fabrication, spent fuel storage, transportation, disposal, and reprocessing. He explained high-assay low-enriched uranium (HALEU), why it is needed for advanced reactors, and DOE’s HALEU Availability Program and related investments in enrichment, transportation, deconversion, and supply chain development. He also covered spent fuel management, the possibility of centralized storage or a fuel-cycle campus, the Center for Used Fuel Research, and ongoing work on high-burnup cask testing and reprocessing technologies. Tolman described aqueous, pyrochemical, and fluoride-volatility reprocessing approaches, noting the advantages and waste characteristics of each, and said several companies are working with INL on these technologies. Ashley Shields presented INL’s AI and nuclear work, focusing on the Genesis initiative and the Prometheus effort to use AI to design, license, build, and operate reactors with far less human intervention. She described INL’s broad use of generative AI tools, the need to manage large volumes of legacy technical data, and applications in reactor design, materials discovery, autonomous laboratories, and digital twins. Shields said AI is being used to reduce the enormous documentation burden in nuclear licensing and to support autonomous or remotely operated reactor demonstrations, while stressing that humans remain in supervisory roles. In discussion, she addressed data security, model access, and the continued need for software engineers. The session then recessed briefly and resumed with Mitch Kerman beginning a presentation on critical minerals and materials.

Transcript Highlights:

• We’re at a power plant site.
• We're at a site for power plant site.
• One of you mentioned the co-location of power, and just what do you foresee that power being?
• What kind of power does desal?
• We've talked a little bit about power, but how's the power grid situation out there? Good.

Committee: Senate Water, Agriculture and Rural Affairs

Transcript Highlights:

• , the Nuclear Regulatory Commission.
• The next category was power purchase agreements.
• Regulatory reforms: one theme was that state-level regulatory reform has a limited scope because, as
• If you hear nuclear power advocates saying that solar power only works when the sun is shining or wind
• And so otherwise nuclear power will come at a huge cost that is generational. ...otherwise nuclear power

Summary: The committee heard public testimony on Senate Bill 5821, which would direct the Department of Commerce, if funded by gifts or grants, to develop a nuclear power strategic framework and integrate it into the state energy strategy. Supporters, including Sen. Braun, Energy Northwest, public power representatives, and several pro-nuclear advocates, said Washington needs to keep advanced nuclear on the table to address rising electricity demand, reliability concerns, and clean energy goals. Opponents, including the Sierra Club, Columbia Riverkeeper, tribal representatives, and other environmental advocates, argued the bill gives nuclear special treatment, lacks sufficient guardrails on waste, safety, cost, and public process, and was rushed without adequate tribal consultation. Several tribal testifiers said the bill should require early, meaningful government-to-government consultation and stronger protections for treaty rights and cultural resources. The committee then held a work session on a Washington State Institute for Public Policy report reviewing state policies supporting small modular reactors. Staff and researchers explained that the report surveyed 79 policies in 35 states and found most states are still in preliminary planning stages, with policies focused on feasibility studies, siting, workforce development, permitting, financial support, and market integration. Members asked about water use, waste, footprint, and whether the report covered fusion; the researchers said it was limited to fission and that water needs vary by reactor design. Some senators noted the need to consider lifecycle impacts and compare nuclear with other energy technologies. The committee also heard Senate Bill 6010, which would change FSEC tribal consultation procedures by exempting most government-to-government consultations from the Open Public Meetings Act when there is no deliberation or commitments, requiring all FSEC members to participate in consultation, and giving tribes a chance to review and correct the consultation summary before it goes to the governor. Tribal witnesses and environmental groups supported the bill as a way to improve confidentiality and meaningful consultation, while the Association of Washington Business opposed it, saying it could add delays and suggesting timelines. Finally, the committee heard Senate Bill 6004, which would update contracting statutes so public entities can contract for renewable or non-emitting generation capability under CETA definitions; utilities supported the update as a modernization, while consumer and environmental opponents warned it could shift financial risk to ratepayers, especially for nuclear projects. No votes were taken in the transcript.

Transcript Highlights:

• , the Nuclear Regulatory Commission.
• The next category was power purchase agreements.
• Regulatory reforms: one theme was that state-level regulatory reform has a limited scope because, as
• If you hear nuclear power advocates saying that solar power only works when the sun is shining or wind
• And so otherwise nuclear power will come at a huge cost that is generational. otherwise nuclear power

Bills: SB5821 , SB6004 , SB6010 , SB5941

Committee: Senate Environment, Energy & Technology

Keywords: nuclear energy, energy strategy, advanced technology, sustainability, state policy, renewable energy, public entities, electric generation, contracting, SB 6010, Washington energy siting, EFSEC, Energy Facility Site Evaluation Council, tribal consultation, government-to-government consultation, federally recognized tribes, energy facility siting, RCW, clean energy, alternative energy

Transcript Highlights:

• , legal, regulatory, or engineering, or other kinds of policy, are always helpful. ...legal, regulatory
• In the power outage in December, the city...
• But if we move to a patchwork regulatory environment, But if we move to a patchwork regulatory environment
• The regulatory framework matches that promise.
• The regulatory framework matches that promise.

Committee: Senate Transportation

Summary: The Senate Transportation Committee held an informational hearing on autonomous vehicle technology in California, with the chair emphasizing that all panel testimony would be heard before public comment. The first panel included an industry representative from AVIA, a George Mason University professor, a Dawn Project representative, and a crash survivor. Testimony sharply divided between supporters who said AVs and driver-assist systems can reduce crashes and create jobs, and critics who argued that current systems are unreliable, rely on unsafe remote assistance, and are being deployed without enough transparency or accountability. Committee members questioned witnesses about safety data, the distinction between Level 2 and Level 4 systems, remote operations, liability, and whether California should adopt more uniform standards and stronger reporting requirements. The second panel focused on first responders and workers. A retired San Francisco Fire Department official described AVs blocking fire scenes, ambulances, and apparatus access, and said remote hotlines have been too slow to resolve incidents, urging a public-safety manual override for police, fire, and paramedics. A San Jose police deputy chief said law enforcement sees AV safety potential but needs clear authority, training, and standardized protocols to handle traffic violations and emergency interactions. A San Francisco rideshare driver described near-collisions, red-light violations, and congestion caused by robotaxis, calling for fines, permit suspensions, and better public access to incident data. A Teamsters representative criticized DMV’s proposed heavy-duty AV rules as too permissive, especially for 80,000-pound autonomous trucks, and argued for independent validation, operational limits, and legislative action if regulators do not act. In the final panel, DMV and CPUC officials described California’s existing AV regulatory framework and defended the state’s oversight. DMV said it has regulated AVs since 2014, has issued multiple rulemakings, and is now developing a fourth package that would expand reporting, strengthen enforcement, and require AVs to respond to emergency geo-fence messages and law enforcement direction. DMV also noted current permit counts and past suspensions and revocations, including Cruise and Pony.ai actions. CPUC began outlining its role in regulating passenger service for hire. No votes were taken; the hearing was informational only, and the committee chair indicated the testimony would inform future policy and legislation.

Transcript Highlights:

• that power from a power plant or by getting it from customers, maybe from batteries or by having customers
• from a power they generate that power from a power plant<00:01:54.479><c> or</c><00:01:54.960><c> by
• Virtual power plants can provide low-cost, clean, firm power by utilizing existing generation, storage
• Virtual power plants can provide low-cost, clean, firm power by utilizing existing generation, storage
• </c><00:12:44.160><c> oversight</c> utility and regulatory oversight utility and regulatory oversight

Summary: Representative Craft presented House File 2986, as amended with the DE6, and asked that it be laid over for possible inclusion. He described the bill as an affordability measure centered on virtual power plants, explaining that aggregating distributed energy resources such as solar panels, batteries, EVs, smart thermostats, heat pumps, and water heaters can help utilities reduce peak demand and avoid costly generation and distribution investments. He said the bill would require utilities to reduce system peak through a virtual power plant program by 5% by the end of 2028 and 10% by the end of 2032, using an independent third-party RFP process, with plans incorporated into integrated resource planning and a savings clause if requirements prove infeasible. Testimony in support came from the Department of Commerce, Vote Solar, Solar United Neighbors, Kite Rocket, and Mincia. Supporters said virtual power plants can function like grid-scale resources, lower spot-market and peak costs, improve reliability and resilience, and make better use of existing distribution infrastructure. Commerce said the approach fits an all-of-the-above strategy and noted consumer protections in the bill, including standards for contracts, disclosures, dispatch frequency, notice, opt-out, and compensation. Several supporters cited estimates of significant savings, including a national DOE estimate of 10% to 20% of peak load by 2030 and a Minnesota-specific estimate from Solar United Neighbors of about $63.5 million in savings if 10% of peak demand were met with VPPs in 2030. Committee members raised questions about how much cheaper VPPs are than peaker plants and whether utilities, especially Xcel Energy, are already implementing similar programs. Representative Baker expressed concern that the bill could move faster than the technology or market would naturally develop and asked about the risk of forcing utilities into a mandate before the economics are fully proven. In response, a Solar United Neighbors witness pointed to a fact sheet and Brattle Group-based analysis comparing VPP costs and benefits in Xcel territory, while an Xcel representative said the company has been discussing the bill with Representative Craft for months. The bill was laid over for possible inclusion, and no final vote on the bill itself was taken in the transcript.

Transcript Highlights:

• There's plenty of power in the United States. There's plenty of power in Missouri.
• We don't need more power. Well, obviously, we now realize that's not the case.
• have a Nuclear Regulatory Commission.
• Nuclear Regulatory Commission, which impacted Callaway and every other plant.
• So the Nuclear Regulatory Commission did speak to that issue last week.

Committee: House Utilities

Summary: The Committee on Utilities first met in executive session and adopted a House Committee substitute for House Bills 2658, 2147, 2472, and 2546 by a roll call vote of 20 ayes and 1 no. The substitute expanded telephone solicitation language to include unsolicited real estate solicitations, adjusted reassigned-number compliance language, and refined spoofing-related definitions to focus on intent to cause harm or wrongfully obtain value. Members also discussed how the no-call list, existing business relationships, and political fundraising calls would be treated under the substitute. The committee then heard House Bills 1626 and 2122, both relating to nuclear energy and construction work in progress (CWIP/QIP) financing for nuclear projects. The sponsors argued the bills would remove an outdated barrier to nuclear construction in Missouri, especially for small modular reactors, by allowing utilities to recover construction costs during construction and thereby reduce interest and overall project cost. They emphasized ratepayer protections through clawback provisions, the role of the Public Service Commission, future energy demand, economic development, and keeping Missouri competitive with other states. Several members raised concerns about higher utility rates, the risk of cost overruns, the possibility of ratepayers paying for projects that are delayed or never completed, and whether the proposal was premature given that SMRs are not yet widely deployed in the United States. In response, the sponsors and supporters said the bill would include refund protections similar to Senate Bill 4 and that the PSC would oversee prudence and timing. Public witnesses in support included business, utility, and municipal representatives, as well as Missouri S&T’s chancellor, who stressed workforce development and the growing national and global move toward nuclear power. The hearing on House Bills 1626 and 2122 was then closed.

Transcript Highlights:

• Powerful closing and powerful testimony. Thank you, Dr. Rambula.
• Powerful close and a powerful testimony.
• Today, you have the power to take the action. Please help us. the way we are.
• Your voice is powerful and very well received.
• Miles Horton with Sonoma Clean Power.

Committee: House Natural Resources

Summary: The committee heard several bills focused on environmental protection, climate policy, public health, and housing. AB 1425 would prohibit pit dewatering near the San Joaquin River Parkway where groundwater is shallow, with the author and supporters arguing it is needed to protect the river, groundwater, flood safety, tribal and cultural resources, and a nearby restoration area. Supporters included environmental groups, local residents, and Indigenous speakers, while CEMEX, labor representatives, and industry groups opposed the bill as an improper circumvention of the CEQA process that could threaten an existing mine and about 100 jobs. After extensive questioning about hydrology, blasting, and the CEQA record, the committee voted the bill out on a due pass as amended recommendation, with some members not voting and the roll left open for absent members. AB 881 would lift California’s moratorium on carbon dioxide pipeline regulation and direct the State Fire Marshal to develop safety standards for carbon capture and sequestration pipelines. The author and supporters, including SMUD, Calpine, utilities, labor, and industry groups, said the bill is needed to advance carbon removal goals, preserve federal funding, and support clean energy and jobs. Environmental justice and conservation groups opposed or opposed unless amended, warning that CO2 pipelines pose serious safety risks and that state authority and standards need to be stronger. The bill received a due pass as amended recommendation to Appropriations. AB 1207 would tie California’s cap-and-trade price ceiling to the federal social cost of carbon. The author and EDF said the measure would keep the program science-based and protect it from federal political interference, while no opposition was heard in the room. The committee approved the bill on a due pass recommendation. AB 1106, sponsored by air quality agencies, would create a network of regional air quality incident response centers to improve monitoring and public health response during wildfires and other disasters; it also received a due pass recommendation after testimony on mobile monitoring, VOCs, metals, PM, and asbestos sampling. The committee also heard AB 28, the Landfill Fire Safety Act, prompted by the long-running Chiquita Canyon landfill subsurface fire. The author and residents described serious health impacts and argued the bill would require monitoring, reporting, corrective action, and stronger enforcement when landfill temperatures rise. Waste and county representatives opposed the bill as drafted, saying the cause of the event is still unclear and the proposal could impose broad costs on landfills statewide, though they said amendments improved the framework. Members discussed the scale of the fire, possible medical impacts, and whether the bill would punish compliant operators; the bill was sent out on a due pass as amended recommendation. The committee also heard AB 357, which would require the Coastal Commission to act within 90 days on student and faculty housing projects in the coastal zone; supporters said it would help address student homelessness and housing costs, while coastal and planning advocates raised concerns about the amendment and the role of coastal review.

Transcript Highlights:

• Senate Bill 178 promotes sound science in regulatory decision-making.
• The public will in regulatory decisions.
• </c><00:21:43.320><c> purposes</c> federal regula regulatory purposes federal regula regulatory purposes
• :22:06.440><c> in</c><00:22:06.600><c> moments</c> causes regulatory paralysis in moments causes regulatory
• </c><00:47:07.640><c> and</c> flawed to where if you've got power and flawed to where if you've got power

Committee: Senate Natural Resources & Energy

Transcript Highlights:

• Patrick Welch with San Diego Community Power.
• I'm Miles Horton with Sonoma Clean Power. Mr.
• I'm Miles Horton with Sonoma Clean Power.
• This divergence is a result of regulatory paperwork, not the physical reality of a power plant's ability
• There are regulatory programmatic rule differences.

Summary: The committee heard several energy-related bills, with AB 1715 drawing the most discussion. That bill would require the CPUC to create a searchable database of utility advice letters, protests, responses, and resolutions going back to 2020, and to require utilities to report state, federal, and other public financing so ratepayer savings from loans, grants, and similar funding can be tracked and passed through. The author and TURN said the bill is aimed at transparency, affordability, and preventing double recovery; committee amendments removed some language, and labor said the amendments would remove its opposition. Senators pressed on how “financial benefits” would be defined and whether the bill would require refunds to ratepayers, and the author said the CPUC would determine the details. The bill was later moved out of committee on a do-pass-as-amended vote to Appropriations. AB 1301, a CPUC/Public Utilities Code cleanup bill, was presented as a housekeeping measure to remove obsolete references, align deadlines, eliminate duplicative requirements, and extend the Energy Conservation Assistance Act sunset. The Public Advocates Office and Golden State Power Cooperatives supported it, and the committee advanced it do-pass as amended to Appropriations. AB 2463, which would require the CPUC to disclose the models and analysis used to set utility authorized return on equity, was described as a transparency measure for a process that is currently a “black box.” EDF and the Utility Wildfire Survivor Coalition supported the bill, while members noted the importance of understanding how utility profits are set; it also passed to Appropriations. AB 1813, on community solar and storage, generated substantial debate. The author said the bill is intended to fix a CPUC program that he argued is unworkable and inconsistent with the Legislature’s earlier direction, while supporters including San Diego Community Power, TURN, and many clean energy, labor, and local-government groups said it would make community solar viable for renters and others who cannot install rooftop solar. Opponents, including the Public Advocates Office, Southern California Edison, SDG&E, and PG&E, argued it would raise rates, create cost shifts to non-participating customers, and conflict with a recently adopted CPUC decision. The bill was moved out on a do-pass-as-amended vote to Appropriations, with some senators indicating support but also concern about affordability and pending amendments. AB 2111, which would require the CPUC to plan transmission using multiple demand and resource scenarios instead of a single forecast, was supported as a way to reduce bottlenecks, improve reliability, and avoid costly under-planning as electrification grows. Supporters said better scenario planning would help avoid transmission constraints that block new generation, while the committee raised questions about cost impacts and the role of current CPUC planning processes. The bill passed to Appropriations. The committee also took up AB 2266, which would consolidate related CPUC compliance reporting, require consistent reliability valuation across programs, and direct an evaluation if CAISO uses backstop procurement; supporters said it would reduce confusion and improve consistency, while opponents warned against forcing one valuation method across different resource types. AB 2266 was also moved to Appropriations. Finally, AB 2175 was taken up on consent and advanced without discussion.

Transcript Highlights:

• shutoffs, PSPSs, that have left residents, businesses, and critical facilities without power.
• Imperial County is ready, not only to power our state's future, but to help build it.
• Powering data centers can't come at the cost of powering our homes.
• The analysis matters because California needs firm, dispatchable, zero-carbon power.
• But the reality is getting to 100% clean energy is going to take a lot of clean firm power.

Summary: The committee heard several energy-related bills. AB 710 would require investor-owned utilities to share critical circuit and grid information with local and tribal governments and community choice aggregators to help plan microgrids for resilience during PSPS events and wildfires. Supporters from counties and cities said better data sharing is needed to develop microgrids for critical facilities; PG&E and SDG&E opposed the bill as drafted, citing privacy and grid-security concerns, though SDG&E said amendments may address some issues. Members generally supported the bill’s goal, and the author accepted committee amendments. AB 2182 would restructure the CPUC’s industrial energy efficiency program so industrial customers’ funds are used for industrial projects, with less review and more focus on projects that reduce transmission and distribution needs. Support came from large energy users, with members praising the bill’s ratepayer protections and asking about caps, agriculture, and carbon capture; the author said agriculture could participate and carbon capture was removed from the bill. AB 2589 would require utility federal tax savings to be returned to ratepayers, building on prior legislation; it drew little debate and no opposition on the record. The committee also heard AB 2163, which would create strategic clean energy and critical mineral development zones, especially to support geothermal and lithium development in places like Imperial County and the Salton Sea. Supporters emphasized jobs, domestic supply chains, and state competitiveness, while some members raised questions about whether other zero-carbon resources should be included; the author said the bill could be receptive to those ideas. AB 2505 would allow hydrogen refueling stations to use dedicated utility meters and service lines, with supporters from the hydrogen industry and labor. AB 1577 would require data centers to report energy and water-use information to the Energy Commission and local planners; supporters said it would protect ratepayers and communities, while industry groups opposed the bill as too broad and duplicative, though they welcomed amendments narrowing the scope and adding trade-secret protections. AB 2065 would impose penalties on utilities that seek to recover prohibited or double-counted costs from ratepayers, and AB 2516 would create a California Grid Manufacturing Initiative to reduce equipment costs and expand in-state manufacturing; both drew strong support and some concerns about overreach and implementation. Finally, AB 2647 would direct the Energy Commission to study advanced nuclear’s role in meeting California’s electricity needs, with testimony in support from nuclear advocates and academics; the hearing ended before any final votes were taken, with several motions pending quorum.

Transcript Highlights:

• To promote nuclear power this year, the nuclear power developers are not going to look at the state of
• A power authority. Like New York Power Authority, Bonneville Power Authority, TVA.
• pursuing nuclear power now.
• Infrastructure, energy storage, or regional power markets, and/or Delaware could fund a non-regulatory
• ...nuclear power.

Transcript Highlights:

• President, your Committee on Regulatory Affairs and Government Efficiency, having under consideration
• President, your Committee on Regulatory Affairs and Government Efficiency, having under consideration
• President, your Committee on Regulatory Affairs and Government Efficiency, having under consideration
• President, your Committee on Regulatory Affairs and Government Efficiency, having under consideration
• And to arrest and scare and harass and convict people just for disagreeing with somebody in power.

Summary: The Senate opened with prayer and the Pledge of Allegiance, recorded attendance, welcomed former Senator Limpancrazi, and recognized page Owen Washburn and his family. The chamber then moved through messages and second-reading listings, and the Committee of the Whole considered several House bills. HB 2398, dealing with watercraft operation and peer-to-peer watercraft sharing insurance, received a floor amendment clarifying the types of insurers that may provide primary commercial boat liability coverage and was reported do pass as amended. HB 2477, relating to the Arizona Education Savings Plan, was amended to add investment guardrails, conflict-of-interest protections, an advisory team, limits on land investments, and statutory treatment of the local government investment pool, then reported do pass as amended. The Committee of the Whole also considered HB 2251 on midwifery, which was amended to transfer oversight of licensed midwives from the Department of Health Services to the Naturopathic Physicians Medical Board, add a licensed midwife to the board, separate midwife and naturopathic funds, apply investigative and disciplinary procedures, and make conforming changes; it was reported do pass as amended. HB 2991, concerning minors’ access to technology content and social media, drew extensive debate. A floor amendment revised age-signal and parental-consent procedures, changed default settings language, removed a private right of action, and made other technical changes. Senators Tise, Epstein, and others argued the bill still raised serious First Amendment and censorship concerns, while Senator Bullock defended it as a child-safety measure that did not require uploading ID. The bill was ultimately reported do pass as amended. In third reading, the Senate adopted the Committee of the Whole report, retained HB 2397 on the calendar, and voted on several bills. HB 2104, HB 2105, HB 2763, HB 2786, HB 2771, HB 2782, and HB 4117 passed; HB 2457, HB 2494, and HB 2696 failed. HB 2457 and HB 2494 drew opposition over local control and land-use concerns, while HB 2696, aimed at fuel and gas prices, drew criticism that the Commerce Authority was not the right vehicle and that the issue was driven by federal policy. HB 4117, relating to offenses against public order and religious services, passed after sharp debate over whether it would protect worship or chill protest and free speech, with opponents warning of vague language and potential political prosecutions. The Senate also voted to reconsider its prior action on HB 2311 and HB 2601, requested the House return HB 2995 for reconsideration, and adjourned until Thursday, June 11, at 10:00 a.m.

Transcript Highlights:

• They want to make themselves even richer and more powerful.
• SVB's failure was a managerial and supervisory failure, not a regulatory or legislative one.
• Well, I think it's not in my power. It's up to you all.
• One of the things we also must reinstate is proper regulatory tailoring.
• But there is still a huge regulatory burden on companies that are trying to go public.

Committee: Senate Banking, Housing, and Urban Affairs Committee

Keywords: financial regulations, SEC, Comptroller of the Currency, Federal Transit Administration, nominees, Empowering Main Street in America Act, capital formation, economic growth

Summary: The committee meeting focused on several nominees within key financial institutions, including discussions surrounding the SEC, the Federal Transit Administration, and the Comptroller of the Currency. Notable dialogue included concerns over regulatory balance, with various members emphasizing a need to streamline regulations to foster innovation while ensuring accountability and safety for investors. The importance of the proposed 'Empowering Main Street in America Act' was highlighted as a means to facilitate access to capital for small businesses, underlining the current administration's approach towards financial regulations.

Transcript Highlights:

• As big companies get bigger, they use their market power to squeeze the little guys.
• The abuse of market power by problem.
• Contrary to what some in the power.
• I study corporate concentration and monopoly power.
• </c><00:13:46.320><c> enforcement</c> providing state regulatory enforcement providing state regulatory

Transcript Highlights:

• And comply with regulatory requirements to ensure safe and reliable service.
• A streamlined regulatory process can often be the determining factor.
• Some residents were out of power for days. Affected over 130,000 customers.
• Some residents were out of power for days.
• For many of us, an extended power outage is an inconvenience.

Summary: The Senate Committee on Energy, Utilities and Communications heard a long agenda of energy, water, housing, and technology bills. SB 952 (Laird, presented by Perez) would give the Department of Water Resources more flexibility to meet the State Water Project’s 100% clean energy procurement goal by 2035 while managing costs; it drew support from the State Water Contractors and California Municipal Utilities Association and no opposition. The committee also heard SB 1417, which would extend transparency, notice, and public meeting requirements to mutual water companies’ rate increases; Senator Perez and supporters tied the bill to post-Eaton Fire recovery in Altadena, while the California Association of Mutual Water Companies opposed it, citing conflicts with tenant billing laws, privacy concerns, and burdensome meeting requirements. SB 1417 was approved on a split vote and the roll was left open. Members then considered SB 924, a low-income utility assistance/weatherization bill by Hurtado, which would require measurable affordability outcomes and better tenant-focused benefits; it passed to Appropriations with broad support from clean energy and community groups and no opposition. SB 925 (McNerney) would direct the California Energy Commission to develop a statewide roadmap for fusion energy; supporters from General Atomics, Clean Air Task Force, and TAE Technologies argued it would help keep fusion investment in California, and it passed unanimously to Environmental Quality. SB 1011 (McNerney) would require CPUC standards for human review and labor consultation before utilities deploy AI in operations; labor and utility engineer witnesses supported guardrails, while business and utility groups opposed or sought more review, warning of overregulation and overlap with other laws. The bill passed to Privacy, Digital Technology and Consumer Protection on a divided vote. The committee also advanced SB 1168 (McNerney), a study bill directing the CPUC to examine how data centers can pay their fair share of grid costs; data center and utility groups were opposed or neutral pending amendments, while climate advocates supported it, and it moved to Revenue and Taxation. SB 1196 (McNerney) would speed utility hookups for ADUs and JADUs by allowing earlier applications and setting timelines and penalties; housing advocates supported it and it passed to Local Government. SB 1350 (McNerney) would allow renewable portfolio standard credits for power plants using green hydrogen, drawing strong support from hydrogen, labor, utility, and local government interests, but opposition from TURN over greenwashing and tracking concerns; it passed to Environmental Quality. Finally, SB 1158 (Stern) would expand quarterly reliability reporting by the CEC and CPUC to include transmission and grid upgrade status; it was presented as a common-sense reliability measure and moved forward with support.

Transcript Highlights:

• sources to power creating some power sources to power these<00:17:57.360><c> data</c><00:17:57.679><
• </c> manufacture more power. manufacture more power.
• And so East Kentucky Power would move power over to the data center, and then whatever additional power
• :57.520><c> move</c><01:34:57.679><c> power</c> East Kentucky Power would move power East Kentucky Power
• </c><01:35:10.719><c> could</c> power that East Kentucky Power could power that East Kentucky Power could

Summary: The committee met with a quorum, approved the minutes from the previous meeting, and then heard a presentation from LG&E and KU representatives Caroline Clark and John Bevington on economic development, energy demand, and the utility’s role in supporting Kentucky’s growth. Bevington described the company’s service territory, generation fleet, and recent economic development activity, including 76 projects supported in 2024, more than $2.8 billion in private investment, and over 3,000 new jobs. He emphasized that data centers are now the dominant driver in the pipeline, with 22 data center projects representing about 8.7 of the 9.7 gigawatts of potential demand, alongside other manufacturing and commercial projects. A major focus was how data centers choose sites and how utilities respond. Bevington explained that hyperscale data centers typically approach utilities first because they need transmission-level access, and that utilities then conduct internal analyses, estimate infrastructure needs, and require financial security before proceeding. He said the company is working through formal transmission studies and long-lead infrastructure planning, and noted that Kentucky’s sales tax exemption for data centers helped attract interest. He also outlined the economic benefits of data centers, citing an announced Louisville project of 525 megawatts and about $11 billion in investment, with an estimated $500 million in new tax revenue over 10 years, plus broader job and GDP impacts. Members asked about whether data centers could generate their own power, the reliability of the pipeline numbers given confidentiality and nondisclosure agreements, and cybersecurity concerns. Bevington said the company does not assume all pipeline projects will materialize in Kentucky and instead assigns probabilities to avoid overbuilding. He also said he was not the right person to address cybersecurity in detail but offered to return to a committee focused on IT or security. In response to questions about future supply, he said LG&E and KU are adding generation through a 120-megawatt solar facility in Mercer County, a 120-megawatt solar purchase in Marion County, and a 645-megawatt natural gas combined-cycle plant in Louisville, with PSC approval recently granted for additional generation and related system upgrades.