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Election Results: What It Means for Energy in CA

Energy took the stage in the recent elections, from the presidential race to California's long list of ballot propositions, and the results hold immediate and long-term implications for Southern California. The approval of Proposition 39 should funnel an estimated $500 million a year for five years into energy efficiency retrofits on buildings, starting with public schools and universities. As for Proposition 39, the measure closes at out-of-state tax loophole and is expected to raise up to $1 billion a year. Half of those funds will be dedicated to energy-efficiency retrofits. That infrastructure investment is designed to pay off in long-term energy savings, adhering to existing state laws that stress conservation ahead of all other energy solutions.

11/8 North County Times