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Can California compete for the U.S. Manufacturing Renaissance?

Can California compete for the U.S. Manufacturing Renaissance?. Jack Stewart President & Dorothy Rothrock VP – Govt. Relations. AB 32 - Layering of New Costs on California Manufacturers. Immediate impacts 2012 through 2014 

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Can California compete for the U.S. Manufacturing Renaissance?

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  1. Can California compete for the U.S. Manufacturing Renaissance? Jack Stewart President & Dorothy Rothrock VP – Govt. Relations

  2. AB 32 - Layering of New Costs on California Manufacturers Immediate impacts 2012 through 2014  • Auction tax – From $660 million to $3 billion (2012-13 budget year) (assuming $10 to $50 per ton -- source: LAO) • Electricity costs – $650 million to $2.6 billion to be raised and spent by the CPUC Long term impacts 2015 through 2020  • Up to $13 billion annual auction tax (starting in 2015) • Electricity cost increases – Almost $20 billion from RPS and Solar Initiative • Transportation fuels – 47 cents per gallon (Moody’s Investor Service) • Suppliers natural gas costs – up 8% (ARB econ analysis)

  3. Manufacturing Investment Principles • Predictable Future Costs • Competitive Costs • Adequate Infrastructure • Access to a Skilled Workforce

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