Colin Sullivan, E&E reporter
(07/02/2010)
SAN FRANCISCO -- Pacific Gas & Electric Co. is poised to become the first utility in California to actively defend the state's climate change law against a referendum that will ask voters to suspend it, according to a source close to the company.
Though a major emitter of greenhouse gases in California, PG&E could profit from renewable energy development and last year split with the U.S. Chamber of Commerce over the group's opposition to a federal climate change bill.
The source said PG&E will announce its support of the climate law as well as contribute funds to a pro-A.B. 32 campaign that will likely enlist support from Silicon Valley heavyweights like Google Inc. and venture capitalists.
