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Stock impact report

California wants millions of heat pumps. High power bills might get in the way [Los Angeles Times (CA)]

Pacific Gas & Electric Co. (PCG) 
Last pacific gas & electric co. earnings: 5/1 08:21 am Check Earnings Report
US:NYSE Investor Relations: finance.yahoo.com/quote/pg
An all-electric, energy-efficient alternative to gas-burning furnaces, heat pumps are widely seen as the climate-friendly home heater of choice They can do double-duty as both home heaters and AC units and are pretty good at maintaining a constant temperature inside a home without the blast-then-cool-off cycle typical of a furnace. What about a guaranteed lower monthly utility bill? Not in California. Call it California's heat pump conundrum. On the one hand, California has hyperambitious goals to reduce greenhouse gas emissions in an effort to curb the worst effects of a changing climate. Most experts see the electrification of buildings — swapping furnaces, water heaters, stoves and ovens that run on burning fossil fuel with appliances plugged into California's increasingly green electrical grid — as a necessary step toward meeting those goals. California has built one of the most aggressive heat pump strategies in the country. The state aims to install 6 million heat pum Show less Read more
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