The California Energy Commission (CEC) has tabled a resolution calling for a pause in implementing a 2023 state law that would impose financial penalties on gasoline producers accused of accruing “excess profits” while “price gouging” consumers.
“Given the timing of this, we felt like it was best to have more time for public input and engagement in these issues and get that feedback,” CEC Deputy Director Jeremy Smith told the four-member panel during its Aug. 13 meeting in Sacramento.
“This is a really important decision for the commission to consider, and so [staff] felt that was the best course of action at this time,” he added, noting the proposal would be on the commission’s Sept. 10 agenda….