Secretary of State No.
DOMESTIC ENERGY: INITIATIVE. Repeals Energy Resources Conservation and Development Act. Authorizes: Helium-cooled, barge-mounted nuclear reactors in marinas, offshore supertanker terminals, and pipeline to ocean to stabilize Salton Sea; condemnation of marina lands; use of utility funds to inform public; minimum fifteen percent earnings on utility ownership. Requires: Public Utilities Commission develop radioactive waste storage facility; and state guarantee of and tax exempt financing. Creates Energy Committee of executives of power utilities whose acts prevail over Public Utilities Commission and Legislature and whose consent is condition of amendment of this initiative by two-thirds vote of Legislature. Fiscal impact: State costs could be increased by a billion dollars or more for capital and operating expenses; there is a General Fund appropriation of $1.9 million; and there could be an unknown but substantial increase in local government costs for energy.
Paul A. Randolph, 1149 Chestnut Street, Menlo Park, California 94025 (415) 325-4265
Failed to Qualify
Domestic Energy California Initiative 178 (1978).