On August 27, the California Public Utilities Commission (CPUC) unanimously voted to approve the most wide-ranging and integrated approach to managing climate change risks on the state’s energy investor-owned utilities (IOUs). Led by Commissioner Liane Randolph, the August 27 decision concluded Phase 1 of a 2.5-year process through the Order Instituting Rulemaking (OIR) to Consider Strategies and Guidance for Climate Change Adaptation (Rulemaking 18-04-019)—known as the Adaptation OIR.
In this white paper, ICF's climate experts take you inside the process to address the regulation of climate change impacts and adaptation on California’s energy IOUs.
What can utilities nationwide learn from California's new strategy? Download this paper for an outline of the five key outcomes of the Adaptation OIR:
- Integrating climate adaptation in the General Rate Case (GRC) cycle.
- Engagement with vulnerable communities.
- Climate vulnerability assessment.
- Climate governance.
- Climate risk integration in power purchase agreements.