✔️ SB151
Allow certain natural gas suppliers to offer carbon offsets
Summary
SB151 allows competitive retail natural gas service suppliers to offer voluntary carbon offset programs to customers, requiring suppliers to enter agreements with carbon offset registries and submit notices to the public utilities commission. The bill mandates that participation in these programs must not incur costs for non-participating customers or natural gas companies. It includes provisions for customer opt-in and opt-out options and allows for audits by the public utilities commission.
Rationale
The bill promotes market competition and consumer choice in the natural gas sector, aligning with some Libertarian principles. However, it introduces regulatory oversight and requirements that may conflict with the LP's emphasis on minimal government intervention. The LPO's score reflects a more favorable view due to its support for free markets, but the bill's regulatory aspects still present concerns.
Risks and Concerns
- Increased regulatory oversight may lead to unintended consequences.
- Potential for government interference in voluntary market transactions.